69
Views
11
CrossRef citations to date
0
Altmetric
General Paper

Real options with synergies: static versus dynamic policies

Pages 107-121 | Received 01 Mar 2010, Accepted 01 Nov 2010, Published online: 21 Dec 2017

References

  • BernardoAChowdhryBResources, real options, and corporate strategyJ Financ Econ20026321123410.1016/S0304-405X(01)00094-0
  • Bobtcheff C and Villeneuve S (2005). Irreversible investment in competitive projects: A new motive for waiting to invest. Working paper, Université de Toulouse 1.
  • BorisonAReal options analysis: Where are the emperor's clothes?J Appl Corp Financ200517173110.1111/j.1745-6622.2005.00029.x
  • BoylePA lattice framework for option pricing with two state variablesJ Financ Quant Anal19882311210.2307/2331019
  • BroadieMDetempleJThe valuation of American options on multiple assetsMath Financ1997724128610.1111/1467-9965.00032
  • ChildsPOttSTriantisACapital budgeting for interrelated projects: A real options approachJ Financ Quant Anal19983330533410.2307/2331098
  • CortazarGGravetMUrzuaJThe valuation of multidimensional American real options using the LSM simulation methodComput Opns Res20083511312910.1016/j.cor.2006.02.016
  • DécampsJMariottiTVilleneuveSInvestment timing under incomplete informationMath Opns Res20053047250010.1287/moor.1040.0132
  • DécampsJMariottiTVilleneuveSIrreversible investment in alternative projectsEcon Theor20062842544810.1007/s00199-005-0629-2
  • DetempleJAmerican-style Derivatives Valuation and Computation2006
  • Dias M (2006). Real options theory for real asset portfolios: The oil exploration case. Working paper, PUC-Rio.
  • DixitAPindyckRInvestment under Uncertainty1994
  • GeltnerDRiddioughTStojanovicSInsights on the effect of land use choice: The perpetual option on the best of two underlying assetsJ Urban Econ199639205010.1006/juec.1996.0002
  • GrenadierSThe strategic exercise of options: Development cascades and overbuilding in real estate marketsJ Financ1996511653167910.1111/j.1540-6261.1996.tb05221.x
  • GrenadierSOption exercise games: An application to the equilibrium investment strategies of firmsRev Financ Stud20021569172110.1093/rfs/15.3.691
  • GrenadierSWangNInvestment timing, agency, and informationJ Financ Econ20057549353310.1016/j.jfineco.2004.02.004
  • HuismanKTechnology Investment: A Game Theoretic Real Options Approach2001
  • LambrechtBPerraudinWReal options and preemption under incomplete informationJ Econ Dynam Control20032761964310.1016/S0165-1889(01)00064-1
  • LoubergéHVilleneuveSChesneyMLong-term risk management of nuclear waste: A real options approachJ Econ Dynam Control20022715718010.1016/S0165-1889(01)00058-6
  • Luehrman T (2004). Strategy as a portfolio of real options. In: Schwartz E and Trigeorgis L (eds). Real Options and Investment under Uncertainty. The MIT Press: Cambridge, pp 385–404.
  • LuoYDynamic capabilities in international expansionJ World Bus20003535537810.1016/S1090-9516(00)00043-2
  • MartzoukosSReal R&D options and optimal activation of two-dimensional random controlsJ Opns Res Soc20096084385810.1057/palgrave.jors.2602627
  • MauerDSarkarSReal options, agency conflicts, and optimal capital structureJ Bank Financ2005291405142810.1016/j.jbankfin.2004.05.036
  • MeierHChristofidesNSalkinGCapital budgeting under uncertainty—An integrated approach using contingent claims analysis and integer programmingOpns Res20014919620610.1287/opre.49.2.196.13531
  • Nishihara M (2009). Preemptive investment game with alternative projects. Discussion papers in Economics and Business, Osaka University 09–16.
  • NishiharaMHybrid or electric vehicles? A real options perspectiveOpns Res Lett201038879310.1016/j.orl.2009.11.004
  • NishiharaMShibataTInteractions between preemptive competition and a financing constraintJ Econ Mngt Strat2010191013104210.1111/j.1530-9134.2010.00276.x
  • PeskirGShiryaevAOptimal Stopping and Free-boundary Problems2006
  • ShibataTNishiharaMDynamic investment and capital structure under manager-shareholder conflictJ Econ Dynam Control20103415817810.1016/j.jedc.2009.08.003
  • StulzROptions on the minimum or the maximum of two risky assets: Analysis and applicationsJ Financ Econ19821016118510.1016/0304-405X(82)90011-3
  • TeeceDPisanoGShuenADynamic capabilities and strategic managementStrategic Mngt J19971850953310.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
  • TrigeorgisLThe nature of option interactions and the valuation of investments with multiple real optionsJ Financ Quant Anal19932812010.2307/2331148
  • WangJHwangWA fuzzy set approach for R&D portfolio selection using a real options valuation modelOmega20073524725710.1016/j.omega.2005.06.002
  • WongKThe effect of uncertainty on investment timing in a real options modelJ Econ Dynam Control2007312152216710.1016/j.jedc.2006.07.002

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.