Deferral and Growth Options Under Sequential Innovation

Advances in Strategic Management

Volumn 24, Issue , 2007, Pages 225-245

  Leiblein, Michael J ^a   Ziedonis, Arvids A ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34250209809     PISSN: 07423322     EISSN: None     Source Type: Book Series    
DOI: 10.1016/S0742-3322(07)24008-2     Document Type: Review

References (55)

1. Abel A.B., Dixit A.K., Eberly J.C., and Pindyck R.S. Options, the value of capital, and investment. Quarterly Journal of Economics 111 3 (1996) 753-777
2. Adams W., and Dirlam J.B. Big steel, invention, and innovation. Quarterly Journal of Economics 80 2 (1966) 167-189
3. Amram M., and Kulatilaka N. Real options: Managing strategic investment in an uncertain world (1999), Harvard Business School Press, Boston, MA
4. Arrow K. The limits of organization (1974), Norton Press, New York
5. Arrow K.J. The rate and direction of inventive activity (1962), National Bureau of Economic Research, Princeton, NJ
6. Barney J. Strategic factor markets: Expectations, luck, and business strategy. Management Science 32 (1986) 1231-1241
7. Black F., and Scholes M. The pricing of options and corporate liabilities. Journal of Political Economy 81 3 (1973) 637-654
8. Campa J.M. Entry by foreign firms in the United-States under exchange-rate uncertainty. Review of Economics and Statistics 75 4 (1993) 614-622
9. Campa J.M., and Goldberg L.S. Investment in manufacturing, exchange rates and external exposure. Journal of International Economics 38 (1995) 297-320
10. Chang S.J. International expansion strategy of Japanese firms: Capability building through sequential entry. Academy of Management Journal 38 2 (1995) 383-407
11. Christensen C.M. The innovator's dilemma (1997), Harvard Business School Press, Boston, MA
12. Clark K.B., and Fujimoto T. Product development performance: Strategy, organization, and management in the world auto industry (1991), Harvard Business School Press, Boston, MA
13. Copeland T., and Antikarov V. Real options: A practitioner's guide (2001), Texere, New York
14. Cyert R.M., and March J.G. A behavioral theory of the firm (1963), Prentice-Hall, Englewood Cliffs, NJ
15. Dixit A.K., and Pindyck R.S. Investment under uncertainty (1994), Princeton University Press, Princeton, NJ
16. Dosi G. Technological paradigms and technological trajectories: A suggested interpretation of the determinants and directions of technical change. Research Policy 11 (1982) 147-162
17. Folta T.B. Governance and uncertainty: The tradeoff between administrative control and commitment. Strategic Management Journal 19 (1998) 1007-1028
18. Folta T.B., and O'Brien J.P. Entry in the presence of dueling options. Strategic Management Journal 25 (2004) 121-138
19. Ghemawat P. Games businesses play (1997), The MIT Press, Cambridge, MA
20. Gilbert R.J., and Newbery D.M.G. Preemptive patenting and the persistence of monopoly. American Economic Review 72 (1982) 514-526
21. Gilbert R.J., and Newbery D.M.G. Uncertain innovation and the persistence of monopoly: comment. American Economic Review 74 1 (1984) 238-242
22. Grenadier S., and Weiss A. Investment in technological innovations: An option pricing approach. Journal of Financial Economics 44 (1997) 397-416
23. Henderson R.M. Under-investment and incompetence as responses to radical innovation: Evidence from the photolithographic alignment equipment industry. RAND Journal of Economics 24 2 (1993) 248-270
24. Henderson R.M., and Clark K.B. Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms. Administrative Science Quarterly 35 (1990) 9-30
25. Irwin D., and Klenow P. Learning-by-doing spillovers in the semiconductor industry. Journal of Political Economy 102 6 (1994) 1200-1227
26. Kemna A.G.Z. Case studies on real options. Financial Management 22 3 (1993) 259-270
27. Kester W.C. Today's options for tomorrow's growth. Harvard Business Review 62 2 (1984) 153-160
28. Kim D.J., and Kogut B. Technological platforms and diversification. Organization Science 7 3 (1996) 283-301
29. Kogut B. Joint ventures and the option to expand and acquire. Management Science 37 1 (1991) 19-33
30. Kogut B., and Kulatilaka N. Operating flexibility, global manufacturing, and the option value of a multinational network. Management Science 40 (1994) 123-139
31. Kogut B., and Kulatilaka N. Capabilities as real options. Organization Science 12 6 (2001) 744-758
32. Kulatilaka N., and Perotti E.C. Strategic growth options. Management Science 44 8 (1998) 1021-1031
33. Leonard-Barton D. Wellsprings of knowledge: Building and sustaining the sources of innovation (1995), Harvard Business School Press, Boston, MA
34. Lieberman M., and Montgomery D. First-mover advantages. Strategic Management Journal 9 Summer (1988) 41-58
35. Lieberman M., and Montgomery D. First-mover (dis)advantages: Retrospective and link with resource-based view. Strategic Management Journal 19 12 (1998) 1111-1125
36. Lin L., and Kulatilaka N. Strategic growth options in network industries. Advances in Strategic Management 24 (2007) 177-198
37. Luehrman T.A. Investment opportunities as real options. Harvard Business Review 76 4 (1998) 51-67
38. Mansfield E., Rapoport J., Schnee J., Wagner S., and Hamburger M. Research and innovation in the modern corporation (1971), W. W. Norton and Company, Inc, New York
39. McDonald R., and Siegel D. The value of waiting to invest. Quarterly Journal of Economics 101 (1986) 707-727
40. McGrath R.G. A real options logic for initiating technology positioning investments. Academy of Management Review 22 4 (1997) 974-996
41. McGrath R.G., and Nerkar A. Real options reasoning and a new look at the R&D investment strategies of pharmaceutical firms. Strategic Management Journal 25 (2004) 1-21
42. Myers S.C. Determinants of corporate borrowing. Journal of Financial Economics 5 (1977) 147-175
43. Nelson R.R., and Winter S.G. An evolutionary theory of economic behavior and capabilities (1982), Harvard University Press, Cambridge, MA
44. Peteraf M.A. The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal 14 (1993) 179-191
45. Pindyck R.S. Irreversible investment, capacity choice, and the value of the firm. The American Economic Review 78 5 (1988) 969-985
46. Pindyck R.S. Irreversibility, uncertainty, and investment. Journal of Economic Literature 29 September (1991) 1110-1152
47. Porter M.E. Competitive strategy (1980), Free Press, New York
48. Reinganum J.F. Uncertain innovation and the persistence of monopoly. American Economic Review 73 (1983) 741-748
49. Reinganum, J. F. (1984). Practical implications of game theoretic models of R&D. American Economic Review, 61-66.
50. Reuer J.J., and Tong T.W. Real options in international joint ventures. Journal of Management 31 3 (2005) 403-423
51. Rosenberg N. On technological expectations. The Economic Journal 86 (1976) 523-535
52. Rumelt, R. P., Schendel, D. E., Teece, D. J. (Eds). (1994). Fundamental issues in strategy: A research agenda. Boston, MA: Harvard Business School Press.
53. Sayers R.S. The springs of technical progress in Britain, 1919-39. The Economic Journal 60 (1950) 289-290
54. Trigeorgis L. Real options: Managerial flexibility and strategy in resource allocation (1998), MIT Press, Cambridge, MA
55. Tushman M., and Anderson P. Technological discontinuities and organizational environments. Administrative Science Quarterly 31 (1986) 439-465