Strategic Investment: Real Options and Games

By Han Smit, Lenos Trigeorgis. 2004

403 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5e22713a60dd3708d2729ddfce7d1af6b4091bcf

How researchers see this paper

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

Citations in the corpus

Optimal stopping under ambiguity in continuous time (2013, background): “…setup include the theory of investment under uncertainty with sunk costs or the real options literature (Dixit and Pindyck (1994), Trigeorgis (1996), Smit and Trigeorgis (2004)), American options (Myneni (1992), Karatzas (1988), Jacka (1991) ) or search models (Weitzman (1979), Sargent (1987),…”
Valuing the option to invest in an incomplete market (2007, background): “The effects of strategic competition on the value of the option to invest are beyond the scope of this paper, see Grenadier (2002) for an equilibrium model and Smit and Trigeorgis (2004) for an overview and recent developments.”
Real options theory in strategic management (2017, background): “Recent progress on option games has been achieved in integrating ROT with IO and game theory to account for both stochastic demand and strategic or competitive uncertainty (e.g., Chevalier-Roignant and Trigeorgis, 2011; Smit and Trigeorgis, 2004).”
The influence of R&D investment on the use of corporate venture capital: An industry-level analysis (2010, background): “Moreover, excess resources and the resulting exploration capabilities can fuel industry-wide innovation races by increasing the competition among industry participants to discover and exploit new opportunities (Smit and Trigeorgis, 2004).”
Mediating instruments and making markets: Capital budgeting, science and the economy (2007, background): “(1984) and Tomkins (1991). See also Baldwin and Clark (1994),”
Flexibility versus commitment: MNEs’ ownership strategy in China (2010, unknown): “These industry factors include growth potential (Dixit & Pindyck, 1994; Kouvelis, Axarloglou, & Sinha, 2001), investment irreversibility (Abel, Dixit, Eberly, & Pindyck, 1996; Dixit & Pindyck, 2000), and industry competition (Kester, 1984; Smit & Ankum, 1993; Smit & Trigeorgis, 2004).”