Sequential International Joint-Ventures and the Option to Choose

University of Paderborn Working Paper No. 83

37 Pages Posted: 30 Apr 2005 Last revised: 11 Dec 2007

See all articles by Elmar Lukas

Elmar Lukas

Otto-von-Guericke University Magdeburg, Faculty of Economics and Management - Chair in Financial Management and Innovation Finance

Date Written: October 2005

Abstract

The paper underscores the importance of modeling the dynamics of market entry and helps refine the application of real options in the alliance context by providing a closed-form solution in continuous time to value the overall strategic flexibility.

Note: Previously titled "Dynamic Market Entry and the Value of Flexibility in Transitional International Joint Ventures"

Keywords: Foreign direct investment, multinational enterprise, sequential investments, entry mode, international joint venture, real options

JEL Classification: D43, F23

Suggested Citation

Lukas, Elmar, Sequential International Joint-Ventures and the Option to Choose (October 2005). University of Paderborn Working Paper No. 83, Available at SSRN: https://ssrn.com/abstract=708863 or http://dx.doi.org/10.2139/ssrn.708863

Elmar Lukas (Contact Author)

Otto-von-Guericke University Magdeburg, Faculty of Economics and Management - Chair in Financial Management and Innovation Finance ( email )

Universitaetsplatz 2
Postfach 4120
Magdeburg, 39106
Germany
+49 391 67 18934 (Phone)
+49 391 67 18007 (Fax)

HOME PAGE: http://www.ifm.ovgu.de

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
152
Abstract Views
1,285
rank
271,044
PlumX Metrics