Real options and real value: The role of employee incentives to make specific knowledge investments

• المؤلفون الرئيسيون: WANG, Heli, LIM, Sonya Seongyeon
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2008
• الموضوعات: real options; employee incentives; specific knowledge investments; Strategic Management Policy
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/3451; https://doi.org/10.1002/smj.681
• المؤسسة: Singapore Management University

Real options reasoning emphasizes the strategic value of making flexible investments in a turbulent environment. Employees' investments in specific human capital are often critical to the success of a real option project, but the very flexibility that allows a firm to change course in response...