Uncertainty and the Market Valuation of R&D within a Real Options Logic

By R. Oriani, Maurizio Sobrero. 2008

263 citations recorded by the source corpus.

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Family ownership and R&D investment: The role of growth opportunities and business group membership (2015, background): “However, the value of R&D in low growth environments tends to be uncertain (Oriani & Sobrero, 2008).”
Real options theory in strategic management (2017, background): “…firm value and performance implications of real options has extended our knowledge in assessing market valuation (e.g., Kester, 1984; Oriani, 2007; Oriani and Sobrero, 2008; Trigeorgis and Ioulianou, 2013) and firm performance beyond standard measures such as Tobin’s q and abnormal returns (Abel…”
Real Options in Management and Organizational Strategy: A Review of Decision‐making and Performance Implications (2012, unknown): “Real options can work as hedging tools against adverse volatility or growth generators in the face of uncertainty (Amram and Kulatilaka 1997; Oriani and Sobrero 2008).”
Knowing when to leap: Transitioning between exploitative and explorative R&D (2014, methodology): “Since we have a relatively short time series of firm-level data, we include the firstorder autoregressive term of the dependent variable in order to improve the accuracy of our model (Anderson and Tushman, 2001; Folta and O’Brien, 2004; Oriani and Sobrero, 2008).”