Real Options, Product Market Competition, and Asset Returns

219 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Product market competition, R&D investment, and stock returns (2016, methodology): “Using a real options model, Aguerrevere (2009) shows that the relation between competition and returns varies with product market demand, which affects the relative riskiness of assets in place and growth options.”
Strategic default and equity risk across countries (2012, background): “Our approach follows several recent papers investigating the equity risk implications of product market competition [Aguerrevere (2009)], corporate investment [Carlson, Fisher, and Giammarino (2004)], seasoned equity o¤erings [Carlson, Fisher, and Giammarino (2006)], and mergers and acquisitions…”
How Does Corporate Investment Respond to Increased Entry Threat (2015, unknown): “21See, for instance, Aguerrevere (2009) or Bustamante (2015) for recent theoretical connections between strategic investment and asset prices.”
Organization Capital and the Cross-Section of Expected Returns (2013, unknown): “Thus, the low organization 12For theoretical arguments relating operating leverage to risk premia see Aguerrevere (2006), Gourio (2007) and Novy-Marx (2008) capital portfolio is contains one-third of firms with low DOL and low O/A, medium DOL and low O/A, and high DOL and low O/A.”