Download This PaperSequential 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
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: 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
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