search query: @author Bernardo, A.E. / total: 2
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| Author: | Bernardo, A.E. Chowdhry, B. |
| Title: | Resources, real options, and corporate strategy |
| Journal: | Journal of Financial Economics
2002 : FEB, VOL. 63:2, p. 211-234 |
| Index terms: | CORPORATE STRATEGY LEARNING RESOURCES VALUATION |
| Freeterms: | REAL OPTIONS |
| Language: | eng |
| Abstract: | The types of investment a firm undertakes will depend in part on what it expects the outcome of those investments to reveal about its skills, capabilities, and assets (i.e. its resources). The authors predict that a firm will specialize when young, then experiment in a new line of business for some time, and then either expand into a large, multisegment business or focus and scale up its specialized business. |
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