haku: @freeterm real options / yhteensä: 18
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| Tekijä: | Wang, H. Lim, S.S. |
| Otsikko: | Real options and real value: the role of employee incentives to make specific knowledge investments |
| Lehti: | Strategic Management Journal
2008 : JUL, VOL. 29:7, p. 701-721 |
| Asiasana: | employees incentives human capital knowledge investments models |
| Vapaa asiasana: | real options |
| Kieli: | eng |
| Tiivistelmä: | This paper develops a model of real option (hereafter as: r-o.) investment explicitly incorporating the role of employee incentives (as: e-incs). The model suggests that the effect of investing in a r-o. project on e-incs. may be positive, further increasing the value of the project, or negative, sometimes more than offsetting the benefit of flexibility and resulting in reduced project value. Therefore, firms and managers should take into consideration the role of e-incs. when applying r-o. logic to investment decision making. |
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