Real Options in Strategy and Finance. Current Gaps and Future Linkages

Academy of Management Perspectives, Vol. 30(4), p. 428-440, 2016

Posted: 17 Mar 2017

See all articles by Roberto Ragozzino

Roberto Ragozzino

University of Liverpool; University of Tennessee

Jeffrey J. Reuer

Purdue University - Krannert School of Management

Lenos Trigeorgis

University of Cyprus - Department of Public and Business Administration; King's College London; Massachusetts Institute of Technology (MIT) - Sloan School of Management

Date Written: March 15, 2017

Abstract

Two main academic areas that have devoted their attention to the study of real options are financial economics and strategy. Despite significant progress made by each field separately towards our understanding of the theory and application of real options, opportunities exist for more cross-fertilization and the development of a more interdisciplinary knowledge base and research agenda. Furthermore, some new and relevant areas of study have deserve attention. In this paper, we take stock of the field of real options, focusing on the fundamental theoretical differences and remaining gaps between financial economics and strategy research, and we offer specific suggestions for future work to narrow this gap.

Keywords: Real Options, Finance, Management, Review

Suggested Citation

Ragozzino, Roberto and Reuer, Jeffrey J. and Trigeorgis, Lenos, Real Options in Strategy and Finance. Current Gaps and Future Linkages (March 15, 2017). Academy of Management Perspectives, Vol. 30(4), p. 428-440, 2016. Available at SSRN: https://ssrn.com/abstract=2933585

Roberto Ragozzino (Contact Author)

University of Liverpool ( email )

Chatham Street
Liverpool, L69 7ZA
United Kingdom

HOME PAGE: http://https://www.liverpool.ac.uk/management/staff/roberto-ragozzino/

University of Tennessee ( email )

The Boyd Center for Business and Economic Research
Knoxville, TN 37996
United States

HOME PAGE: http://robertoragozzino.com

Jeffrey J. Reuer

Purdue University - Krannert School of Management ( email )

1310 Krannert Building
West Lafayette, IN 47907-1310
United States

Lenos Trigeorgis

University of Cyprus - Department of Public and Business Administration ( email )

75 Kallipoleos Street
P.O. Box 20537
Nicosia CY-1678
Cyprus
00357 2 338762 (Phone)
00357 2 339063 (Fax)

King's College London ( email )

Strand
London, WC2R 2LS
United Kingdom

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

77 Massachusetts Ave. E62-663
Cambridge, MA 02142
United States

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