Technology competition and optimal investment timing: A real options perspective

• المؤلفون الرئيسيون: KAUFFMAN, Robert J., LI, X.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2005
• الموضوعات: Capital budgeting; decision analysis; investment timing; network externalities; option pricing; real options; stochastic processes; technology adoption; Computer Sciences; Information Security; Management Information Systems
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/sis_research/2142; https://ink.library.smu.edu.sg/context/sis_research/article/3142/viewcontent/Technology_competition_and_optimal_investment_timing_A_real_options_perspective.pdf
• المؤسسة: Singapore Management University

Companies often choose to defer irreversible investments to maintain valuable managerial flexibility in an uncertain world. For some technology-intensive projects, technology uncertainty plays a dominant role in affecting investment timing. This article analyzes the investment timing strategy for a...