MANAGING A PORTFOLIO OF REAL OPTIONS

被引：29

作者：

Anand, Jaideep ^{[1
]}

Oriani, Raffaele ^{[2
]}

Vassolo, Roberto S. ^{[3
]}

机构：

[1] Ohio State Univ, Fisher Coll Business, Columbus, OH 43210 USA

[2] LUISS Guido, Rome, Italy

[3] Univ Austral, IAE Business Sch, Pilar, Buenos Aires, Argentina

来源：

REAL OPTIONS THEORY | 2007年 / 24卷

关键词：

STRATEGY; UNCERTAINTY; TECHNOLOGY; FLEXIBILITY; EXPLORATION; DIVERSIFICATION; DETERMINANTS; INVESTMENTS; INNOVATION; SELECTION;

D O I：

10.1016/S0742-3322(07)24010-0

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This study analyses the determinants of the value of a portfolio of real options and explores implications for strategic management. It focuses the analysis on four elements: the number of real options in the portfolio, constraints on the number of options that can be exercised, the volatility of underlying assets, and the correlation between underlying assets. These elements are articulated around a trade-off between growth options and switching options and are applied to different strategic situations of technological, market, and macroeconomic uncertainty.

引用

页码：275 / 303

页数：29

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