Investment strategies under uncertainty: Theory and evidence of preemption in case of geographical market entrance
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| Format: | Thesis Book |
|---|---|
| Language: | English |
| Published: |
2007
|
| Subjects: | |
| Online Access: | Volltext Inhaltsverzeichnis |
| Physical Description: | IX, 153 S. graph. Darst. |
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MARC
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| 245 | 1 | 0 | |a Investment strategies under uncertainty |b Theory and evidence of preemption in case of geographical market entrance |c by Andrea Károly |
| 264 | 1 | |c 2007 | |
| 300 | |a IX, 153 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 502 | |a Passau, Univ., Diss., 2007 | ||
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| 700 | 1 | |a Károly, Andrea |e Sonstige |4 oth | |
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Record in the Search Index
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| adam_text | Contents
Contents....................................................................................................................................iv
List of
Charts.............................................................................................................................vi
List of Tables
...........................................................................................................................
vii
Symbol
Glossary
.....................................................................................................................
viii
1
Introduction
........................................................................................................................1
2
Theoretical Background of Investment Decisions under Uncertainty
...............................6
2.1
Dynamic Net Present Value
......................................................................................................6
2.2
Strategic Value
..........................................................................................................................8
3
Standard Theoretical Market Entry Models
.....................................................................10
3.1
Overview
.................................................................................................................................10
3.2
Market Entry in a Monopoly Economy
..................................................................................13
3.2.1
Assumptions
....................................................................................................................13
3.2.2
Valuation Model
..............................................................................................................14
3.2.3
Conclusion:
......................................................................................................................18
3.3
Market Entry in a Duopoly Economy
.....................................................................................23
3.3.1
Assumptions
....................................................................................................................23
3.3.2
Valuation Model
..............................................................................................................24
3.3.3
Equilibrium Strategies
.....................................................................................................39
3.3.4
Conclusion
.......................................................................................................................54
4
Extension of the Standard Theoretical Market Entry Models
..........................................57
4.1
Entry barrier of the Follower in Duopoly Economy
...............................................................57
4.1.1
Assumptions
....................................................................................................................57
4.1.2
Valuation Model
..............................................................................................................58
4.1.3
Conclusion
.......................................................................................................................67
4.2
Asymmetric Firms in Duopoly Economy
...............................................................................69
4.2.1
Assumptions
....................................................................................................................69
4.2.2
Impact of Fitness on the Market Entry Equilibrium
........................................................70
4.2.3
Impact of Fatness on the Market Entry Equilibrium
.......................................................87
4.2.4
Conclusion
.......................................................................................................................89
iv
4.3
Market
Entry in an Oligopoly Economy with More than Two Competing Firms
...................90
4.3.1
Assumptions
.....................................................................................................................90
4.3.2
Symmetric Firms
..............................................................................................................91
4.3.3
Asymmetric Firms
..........................................................................................................106
4.3.4
Conclusion
......................................................................................................................107
5
Empirical Evidence for the Strategic Value of Investment
........,....................................109
5.1
Introduction
............................................................................................................................109
5.2
Hypotheses
.............................................................................................................................
Ill
5.2.1
Explanatory Variables
....................................................................................................112
5.2.2
Expected Shape of Covariates:
.......................................................................................117
5.3
Description of the
Dataset
Used
............................................................................................119
5.3.1
Data of the Target Countries (Countries at Risk)
...........................................................119
5.3.2
Data of the Potential Entrants (Retailers at Risk)
...........................................................121
5.3.3
Summary
........................................................................................................................123
5.4
Model Specification
...............................................................................................................124
5.4.1
Survival Analysis
............................................................................................................124
5.4.2
Basic Assumptions
.........................................................................................................124
5.4.3
Model Specification with Cox Proportional Hazard Model
...........................................127
5.5
Results and Explanations
.......................................................................................................130
5.5.1
Test Process
....................................................................................................................130
5.5.2
Summary of the Results
..................................................................................................137
5.5.3
Robustness of the Results
...............................................................................................140
6
Conclusions
.....................................................................................................................146
References
..............................................................................................................................148
|
| adam_txt |
Contents
Contents.iv
List of
Charts.vi
List of Tables
.
vii
Symbol
Glossary
.
viii
1
Introduction
.1
2
Theoretical Background of Investment Decisions under Uncertainty
.6
2.1
Dynamic Net Present Value
.6
2.2
Strategic Value
.8
3
Standard Theoretical Market Entry Models
.10
3.1
Overview
.10
3.2
Market Entry in a Monopoly Economy
.13
3.2.1
Assumptions
.13
3.2.2
Valuation Model
.14
3.2.3
Conclusion:
.18
3.3
Market Entry in a Duopoly Economy
.23
3.3.1
Assumptions
.23
3.3.2
Valuation Model
.24
3.3.3
Equilibrium Strategies
.39
3.3.4
Conclusion
.54
4
Extension of the Standard Theoretical Market Entry Models
.57
4.1
Entry barrier of the Follower in Duopoly Economy
.57
4.1.1
Assumptions
.57
4.1.2
Valuation Model
.58
4.1.3
Conclusion
.67
4.2
Asymmetric Firms in Duopoly Economy
.69
4.2.1
Assumptions
.69
4.2.2
Impact of Fitness on the Market Entry Equilibrium
.70
4.2.3
Impact of Fatness on the Market Entry Equilibrium
.87
4.2.4
Conclusion
.89
iv
4.3
Market
Entry in an Oligopoly Economy with More than Two Competing Firms
.90
4.3.1
Assumptions
.90
4.3.2
Symmetric Firms
.91
4.3.3
Asymmetric Firms
.106
4.3.4
Conclusion
.107
5
Empirical Evidence for the Strategic Value of Investment
.,.109
5.1
Introduction
.109
5.2
Hypotheses
.
Ill
5.2.1
Explanatory Variables
.112
5.2.2
Expected Shape of Covariates:
.117
5.3
Description of the
Dataset
Used
.119
5.3.1
Data of the Target Countries (Countries at Risk)
.119
5.3.2
Data of the Potential Entrants (Retailers at Risk)
.121
5.3.3
Summary
.123
5.4
Model Specification
.124
5.4.1
Survival Analysis
.124
5.4.2
Basic Assumptions
.124
5.4.3
Model Specification with Cox Proportional Hazard Model
.127
5.5
Results and Explanations
.130
5.5.1
Test Process
.130
5.5.2
Summary of the Results
.137
5.5.3
Robustness of the Results
.140
6
Conclusions
.146
References
.148 |
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| spelling | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance by Andrea Károly 2007 IX, 153 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Passau, Univ., Diss., 2007 Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd rswk-swf Investitionsentscheidung (DE-588)4162244-3 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Investitionsentscheidung (DE-588)4162244-3 s Entscheidung bei Unsicherheit (DE-588)4070864-0 s DE-604 Károly, Andrea Sonstige oth Erscheint auch als Online-Ausgabe urn:nbn:de:bvb:739-opus-12000 http://www.opus-bayern.de/uni-passau/volltexte/2008/1200/ kostenfrei Volltext Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016540598&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Investitionsentscheidung (DE-588)4162244-3 gnd |
| subject_GND | (DE-588)4070864-0 (DE-588)4162244-3 (DE-588)4113937-9 |
| title | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance |
| title_auth | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance |
| title_exact_search | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance |
| title_exact_search_txtP | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance |
| title_full | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance by Andrea Károly |
| title_fullStr | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance by Andrea Károly |
| title_full_unstemmed | Investment strategies under uncertainty Theory and evidence of preemption in case of geographical market entrance by Andrea Károly |
| title_short | Investment strategies under uncertainty |
| title_sort | investment strategies under uncertainty theory and evidence of preemption in case of geographical market entrance |
| title_sub | Theory and evidence of preemption in case of geographical market entrance |
| topic | Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Investitionsentscheidung (DE-588)4162244-3 gnd |
| topic_facet | Entscheidung bei Unsicherheit Investitionsentscheidung Hochschulschrift |
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