Abstract The Real Options approach to decision-making has been useful in capturing and
valuing the flexibility inherent in many operating decisions that decision makers are faced …

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 …

Overconfident CEOs are more willing to initiate investment projects that require
experimentation, yet tend to defer responding to the bad news when the project is not …

We investigate whether accounting conservatism can be explained as a rational response to
ambiguity. Decision analysis shows that decision rules that work well under ambiguity put …

Although innovation and support schemes are among the main forces that drive investment
in renewable energy (RE) technologies, both involve considerable uncertainty. We develop …

Managerial flexibility, or real options, embedded in information technology (IT) investments
allows resolving uncertainty not only by passively waiting for new information to arrive …

Our paper presents a dynamic model of entrepreneurial venture financing under uncertainty
based on option exercise games between an entrepreneur and a venture capitalist (VC). In …

The number of major tailings dam failures has doubled over the past 20 years, culminating
in the tragic accident at Brumadinho in Brazil where about 300 people lost their lives. In this …

We demonstrate to decision makers how to optimally make costly strategic pre-investment
R&D decisions in the presence of spillover effects in an option pricing framework with …

Purpose This study aims to investigate the impact of supply chain concentration (SCC) on
corporate research and development (R&D) investment and determine the moderating roles …