Are real options a missing piece in the diversification-value puzzle?

Tackling The Corporate Diversification – Value Puzzle Using The Real Options Approach

This paper analyzes the diversification-value puzzle from the Real Options (RO) approach. Our proposal conceives corporate diversification as a process which involves both the sequential replacement of prior acquired investment opportunities by assets-in-place and the generation of new valuable growth options. We argue that this conceptual framework allows to explain both documented diversifica...

Women's Participation in Peacebuilding: A Missing Piece of the Puzzle?

Trust: missing piece(s) in the safety puzzle.

While trust is increasingly recognized as a factor that impacts on safety behavior, the exact nature of trust and its role in shaping organizational safety is poorly understood. This special issue contains six articles that examine the relationship between trust and safety behavior in a range of high-risk work contexts. The issue begins with two articles that introduce the complex nature of tru...

Watcher: The Missing Piece of the Security Puzzle

Modern intrusion detection systems are comprised of three basically different approaches, host based, network based, and a third relatively recent addition called procedural based detection. The first two have been extremely popular in the commercial market for a number of years now because they are relatively simple to use, understand and maintain. However, they fall prey to a number of shortc...

‘growth Options and the Value-size Puzzle’*

This study presents an intuitive explanation, based on insights of real options theory, for the value size puzzle. Growth firms are not overvalued, but priced for their upward potential. Small growth firms are especially characterized by an asymmetric risk-return relation. Therefore, the value-size premium comprises two parts: a distress premium and a growth discount. Beta underestimates the ri...