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

• Main Authors: WANG, Heli, LIM, Sonya Seongyeon
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2008
• 主題: real options; employee incentives; specific knowledge investments; Strategic Management Policy
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/3451; https://doi.org/10.1002/smj.681

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...