Sunk Costs, Uncertainty and Market Exit: A Real Options Perspective

By J. O’Brien, Timothy B. Folta. 2009

150 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/eaf2b89c20f22a9736b5fd76d97b963d8d494ee2

How researchers see this paper

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

In Accounting

1. Ross Brown
2. Herman Aguinis
3. Neil Chueh-An Lee
4. James G. Combs
5. Jie Feng
6. T. R. Crook
7. Joseph Raffiee
8. Tim Folta

In Economics and Econometrics

1. Ross Brown
2. Neil Chueh-An Lee
3. Joseph Raffiee
4. Tim Folta
5. Jie Feng
6. T. R. Crook
7. James G. Combs
8. Dave J. Ketchen

In Finance

1. Joseph Raffiee
2. Tim Folta
3. Jie Feng
4. Gwendolyn K. Lee
5. Ross Brown
6. Dave J. Ketchen
7. Neil Chueh-An Lee
8. Herman Aguinis

Citations in the corpus

• Should I quit my day job?: : A hybrid path to entrepreneurship (2014, background): “As a result, options that do not yield favorable information can be quickly abandoned while those that appear promising can be exercised (O’Brien & Folta, 2009).”
• Organizing Around Transaction Costs: What Have We Learned and Where Do We Go from Here? (2013, background): “Whereas using hierarchy might safeguard the firm from potential opportunism and facilitate coordinated adaptation, it also increases the firm’s level of difficult-to-reverse investment (Folta, 1998; O’Brien & Folta, 2009).”
• Real Options in Management and Organizational Strategy: A Review of Decision‐making and Performance Implications (2012, unknown): “…into two main areas; 1) statistical research studying the determinants of real option investments and implications of real options performance (e.g. O’Brien and Folta 2009; Lee and Makhija 2009a), and 2) exploratory research investigating the adoption of real option practices in industry (e.g.…”
• Entry, exit, and the potential for resource redeployment (2017, background): “O’Brien and Folta (2009) found that business units with higher technological intensity were less likely to be divested, presumably because they have higher sunk costs.”
• Innovation, SMEs and the liability of distance: the demand and supply of bank funding in UK peripheral regions (2016, background): “In addition, innovations can often involve expenditure on unrecoverable sunk costs, reducing the collateral required by some lenders (O’Brien and Folta, 2009).”