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| Author: | Reuer, J. J. Tong, T. W. |
| Title: | Real options in international joint ventures |
| Journal: | Journal of Management
2005 : JUN, VOL. 31:3, p. 403-423 |
| Index terms: | Financial management International Joint business ventures Options |
| Language: | eng |
| Abstract: | This article is an empirical examination of how firms use explicit call options to acquire equity in their international joint ventures (IJV). The authors develop hypotheses on the circumstances under which firms use these options. This article emphasizes the importance of studying the design of alliances in finer grained terms and helps to refine the application of real options theory in the alliance context. |
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