Strategic Investment: Real Options and Games
Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge...
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Hauptverfasser: | , |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Princeton, NJ
Princeton University Press
[2012]
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Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike |
Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Nov 2019) |
Beschreibung: | 1 online resource (504 pages) 83 line illus. 22 tables |
ISBN: | 9781400829392 |
DOI: | 10.1515/9781400829392 |
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520 | |a Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike | ||
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Datensatz im Suchindex
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any_adam_object | |
author | Smit, Han T. J. Trigeorgis, Lenos |
author_facet | Smit, Han T. J. Trigeorgis, Lenos |
author_role | aut aut |
author_sort | Smit, Han T. J. |
author_variant | h t j s htj htjs l t lt |
building | Verbundindex |
bvnumber | BV046285704 |
collection | ZDB-23-DGG |
ctrlnum | (ZDB-23-DGG)9781400829392 (OCoLC)1130275293 (DE-599)BVBBV046285704 |
dewey-full | 332.64/53/015193 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.64/53/015193 |
dewey-search | 332.64/53/015193 |
dewey-sort | 3332.64 253 515193 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1515/9781400829392 |
format | Electronic eBook |
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spelling | Smit, Han T. J. aut Strategic Investment Real Options and Games Han T. J. Smit, Lenos Trigeorgis Princeton, NJ Princeton University Press [2012] © 2004 1 online resource (504 pages) 83 line illus. 22 tables txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Nov 2019) Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike In English BUSINESS & ECONOMICS / Economics / Theory bisacsh Investition (DE-588)4027556-5 gnd rswk-swf Spieltheorie (DE-588)4056243-8 gnd rswk-swf Strategisches Management (DE-588)4124261-0 gnd rswk-swf Investitionstheorie (DE-588)4162257-1 gnd rswk-swf Realoption (DE-588)4752163-6 gnd rswk-swf Realoption (DE-588)4752163-6 s Investition (DE-588)4027556-5 s Strategisches Management (DE-588)4124261-0 s Spieltheorie (DE-588)4056243-8 s 1\p DE-604 Investitionstheorie (DE-588)4162257-1 s 2\p DE-604 Trigeorgis, Lenos aut aut https://doi.org/10.1515/9781400829392 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Smit, Han T. J. Trigeorgis, Lenos Strategic Investment Real Options and Games BUSINESS & ECONOMICS / Economics / Theory bisacsh Investition (DE-588)4027556-5 gnd Spieltheorie (DE-588)4056243-8 gnd Strategisches Management (DE-588)4124261-0 gnd Investitionstheorie (DE-588)4162257-1 gnd Realoption (DE-588)4752163-6 gnd |
subject_GND | (DE-588)4027556-5 (DE-588)4056243-8 (DE-588)4124261-0 (DE-588)4162257-1 (DE-588)4752163-6 |
title | Strategic Investment Real Options and Games |
title_auth | Strategic Investment Real Options and Games |
title_exact_search | Strategic Investment Real Options and Games |
title_full | Strategic Investment Real Options and Games Han T. J. Smit, Lenos Trigeorgis |
title_fullStr | Strategic Investment Real Options and Games Han T. J. Smit, Lenos Trigeorgis |
title_full_unstemmed | Strategic Investment Real Options and Games Han T. J. Smit, Lenos Trigeorgis |
title_short | Strategic Investment |
title_sort | strategic investment real options and games |
title_sub | Real Options and Games |
topic | BUSINESS & ECONOMICS / Economics / Theory bisacsh Investition (DE-588)4027556-5 gnd Spieltheorie (DE-588)4056243-8 gnd Strategisches Management (DE-588)4124261-0 gnd Investitionstheorie (DE-588)4162257-1 gnd Realoption (DE-588)4752163-6 gnd |
topic_facet | BUSINESS & ECONOMICS / Economics / Theory Investition Spieltheorie Strategisches Management Investitionstheorie Realoption |
url | https://doi.org/10.1515/9781400829392 |
work_keys_str_mv | AT smithantj strategicinvestmentrealoptionsandgames AT trigeorgislenos strategicinvestmentrealoptionsandgames |