Managing Asymmetric Resource Dependence and Environmental Risk in Relationships by Real Options
نویسندگان
چکیده
منابع مشابه
Asymmetric Buyer-Seller Relationships and Real Switching Options
Industrial buyer-seller relationships are frequently characterized by the fact that the seller and/or the buyer have to dedicate specific up-front investments to the relationship. Marketing research analyzes these relationships on the basis of Transaction Cost Economics (TCE). TCE highlights the risk of hold-up which arises after specific investments are dedicated. However, exogenous uncertaint...
متن کاملManaging Information Technology Investment Risk: A Real Options Perspective
Past information systems research on real options has focused mainly on evaluating information technology (IT) investments that embed a single, a-priori known option. However, since real options are not inherent in any IT investment, they usually must be planned and intentionally embedded in a target IT investment in order to control various investment-specific risks, just like financial risk m...
متن کاملManaging Real Options in Television Broadcasting
This paper examines the mix of technical, regulatory, and business strategy issues that arise in implementing next generation broadband platforms in Europe. Our review of some European studies on NGAN in Europe and our specific focus on the Italian situation, in particular on the competitive situation in Milano, shows the relevant flaw of continuing to advocate national patterns of regulation. ...
متن کاملManaging Operational Uncertainty with Real Options
The operation of a complex system in a high stakes environment can lead to unacceptable levels of risk. The unintended consequences of system failure or under-performance make it imperative to understand and manage operational uncertainty during the design phase. In order to manage operational uncertainty, this paper presents the application of real options analysis in design. Our approach firs...
متن کاملReal Options and Risk Dynamics
We examine the asset pricing implications of a neoclassical model of repeated investment and disinvestment. Prior research has emphasized a negative relation between productivity and equity risk that results from operating leverage when capital adjustment is costly. In general, however, expansion and contraction options affect risk in the opposite direction: they lower equity risk as profitabil...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: management revu
سال: 2004
ISSN: 0935-9915
DOI: 10.5771/0935-9915-2004-1-89