What makes and what does <Emphasis Type="Italic">not</Emphasis> make a real option? A study of equity shares in international joint ventures

    Journal of International Business Studies, pp. 47-69, 2009.

    Cited by: 82|Bibtex|Views0|Links
    Keywords:
    alliances and joint ventures China equity shares real options uncertainty

    Abstract:

    This paper examines the boundaries of real options logic, with an application to joint ventures (JVs). We distinguish between forms of uncertainty that are resolved endogenously and those that are resolved exogenously, and theorize that only exogenous uncertainty will have the impact predicted by real options theory on a foreign investor'...More

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