Joint Ventures and Real Options: An Integrated Perspective
REAL OPTIONS THEORY, pp. 103-144, 2007.
We provide a comprehensive synthesis and extension of the real option (RO) literature on joint ventures (JVs), contributing in three main areas. First, we examine major alternative theoretical perspectives on JVs learning, bargaining, transaction cost and agency theory - to elaborate how they complement or contradict RO predictions. Secon...More
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