Strategic Investment: Real Options and Games

Strategic Investment: Real Options and Games

Han T. J. Smit

Corporate finance and company technique have lengthy been visible as various facets of an analogous coin. even though either specialise in an analogous extensive challenge, funding decision-making, the distance among the 2 sides--and among thought and practice--remains embarrassingly huge. This publication synthesizes state-of-the-art advancements in company finance and similar fields--in specific, actual concepts and video game theory--to support bridge this hole. In transparent, elementary exposition and during a variety of examples and purposes from a variety of industries, Han Smit and Lenos Trigeorgis set forth a longer valuation framework for aggressive strategies.

The e-book follows a problem-solving method that synthesizes rules from video game concept, genuine ideas, and procedure. considering when it comes to options-games will help managers handle questions similar to: whilst is it top to take a position early to preempt aggressive access, and while to attend? should still a company compete in R&D or undertake an accommodating stance? How does one worth development suggestions or infrastructure investments? The authors supply a variety of valuation examples, comparable to acquisition recommendations, R&D funding in high-tech sectors, joint examine ventures, product introductions in shopper electronics, infrastructure, and oil exploration investment.

Representing a massive step past general actual ideas or method research, and lengthening the facility of genuine thoughts and strategic pondering in a rigorous type, Strategic funding can be an quintessential consultant and source for company managers, MBA scholars, and teachers alike.

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