.png){kind=icon}
返回
Option value and entry timing
.png){kind=icon}
PRE
AI
DOI：10.1002/smj.244.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
When facing uncertainty, firms entering new markets can make initial foothold investments rather than undertake large sunk investments. Such investments are real call option purchases. They offer management flexibility, but also raise questions about whether and when to increase commitments to new markets. We present an entry timing decision criterion and discuss its application to a variety of market entry situations. Optimal timing for exercising real options depends on current dividends, possibilities for preemption, and whether the option is simple or compound, proprietary or shared. Our analysis reveals critical assumptions and new theoretical insights regarding market entry timing. Copyright (C) 2002 John Wiley Sons, Ltd.
Keyword:
real options
entry
timing
preemption
flexibility
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
7.2
论文数:
3.4K
被引数:
4.6W
机构
暂无机构信息
引用论文
.png){kind=icon}
分享收藏
查看更多内容