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Volumn 64, Issue 2, 2009, Pages 957-983

Real options, product market competition, and asset returns

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EID: 62449310341     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2009.01454.x     Document Type: Article
Times cited : (133)

References (17)
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    • Aguerrevere, F.L.1
  • 2
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    • Optimal investment, growth options, and security returns
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    • Berk, J.B.1    Green, R.C.2    Naik, V.3
  • 4
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    • Corporate investment and asset price dynamics: Implications for the cross-section of returns
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    • Carlson, Murray, Adlai Fisher, and Ron Giammarino, 2004, Corporate investment and asset price dynamics: Implications for the cross-section of returns, Journal of Finance 59, 2577 2603.
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    • Carlson, M.1    Fisher, A.2    Giammarino, R.3
  • 5
    • 33645065356 scopus 로고    scopus 로고
    • Asset pricing implications of non-convex adjustment costs and irreversibility of investment
    • Cooper, Ilan, 2006, Asset pricing implications of non-convex adjustment costs and irreversibility of investment, Journal of Finance 61, 139 170.
    • (2006) Journal of Finance , vol.61 , pp. 139-170
    • Cooper, I.1
  • 6
    • 84977737676 scopus 로고
    • The cross section of expected returns
    • and.
    • Fama, Eugene F., and Kenneth R. French, 1992, The cross section of expected returns, Journal of Finance 47, 427 465.
    • (1992) Journal of Finance , vol.47 , pp. 427-465
    • Fama, E.F.1    French, K.R.2
  • 7
    • 38549147867 scopus 로고
    • Common risk factors in the returns on stocks and bonds
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    • Fama, Eugene F., and Kenneth R. French, 1993, Common risk factors in the returns on stocks and bonds, Journal of Financial Economics 33, 3 56.
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    • Fama, E.F.1    French, K.R.2
  • 9
    • 0036286965 scopus 로고    scopus 로고
    • Option exercise games: An application to the equilibrium investment strategies of firms
    • Grenadier, Steven R., 2002, Option exercise games: An application to the equilibrium investment strategies of firms, Review of Financial Studies 15, 691 721.
    • (2002) Review of Financial Studies , vol.15 , pp. 691-721
    • Grenadier, S.R.1
  • 12
    • 33746804192 scopus 로고    scopus 로고
    • Industry concentration and average stock returns
    • and.
    • Hou, Kewei, and David Robinson, 2006, Industry concentration and average stock returns, Journal of Finance 61, 1927 1956.
    • (2006) Journal of Finance , vol.61 , pp. 1927-1956
    • Hou, K.1    Robinson, D.2
  • 13
    • 4344709999 scopus 로고    scopus 로고
    • Asset prices and real investment
    • Kogan, Leonid, 2004, Asset prices and real investment, Journal of Financial Economic 73, 411 431.
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    • Kogan, L.1
  • 15
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    • Irreversible investment, capacity choice, and the value of the firm
    • Pindyck, Robert S., 1988, Irreversible investment, capacity choice, and the value of the firm, American Economic Review 79, 969 985.
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    • Pindyck, R.S.1
  • 17
    • 12344316275 scopus 로고    scopus 로고
    • The value premium
    • Zhang, Lu, 2005, The value premium, Journal of Finance 60, 67 103.
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    • Zhang, L.1


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