Real Options and International Investment

国际图书馆的评论家al Writings in Economics series

Edited by the late Alan M. Rugman, formerly Henley Business School, University of Reading, UK and Jing Li, Assistant Professor of International Business, Simon Fraser University, Canada

The application of real options theory to the decision making of multinational enterprises (MNEs) is an exciting new area of research within the field of international business. Such contributions will make existing theories in international business (such as internalization theory) dynamic and more realistic. This important collection presents 20 of the most significant articles that apply real options theory to international business and strategic management.

‘A common criticism of economic theory is that its approach is static rather than dynamic, and that it ignores the impact of uncertainty on decisions. Real option theory shows that this criticism is unfounded. Real option theory explores the logic of flexibility – a crucial aspect of corporate strategy in a volatile and competitive environment. The editors have done a brilliant job in bringing together key contributions within a clear and logical structure. This book is an essential reference source for anyone working in this exciting area of research.’
– Mark Casson, University of Reading, UK