Real Options Signaling Games with Applications to Corporate Finance
نویسندگان
چکیده
منابع مشابه
Resources, Real Options and Corporate Strategy
A ̄rm's resources are di±cult to identify and imitate. Firms learn about their resources by undertaking real investments and observing the outcomes. The types of real investments a ̄rm will make depends on what the ̄rm is expected to learn from the outcomes of these investments and the real options that are available for it to exploit in the future. We predict that ̄rms will follow a life-cycle...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2011
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhr071