Real options theory within the confines of innovation strategy (which states that firms can maximize upside potential whilst limiting down-side risk via engaging in sequential innovation investments that may be terminated (or continued) as uncertainties become clearer over time) has recently been of interest to those studying innovation in global firms. Real Options are purported to help initia...

This paper reassesses the burden of the current U.S. international tax regime and reconsiders well-known welfare benchmarks used to guide international tax reform. Reinventing corporate tax policy requires that international considerations be placed front and center in the debate on how to tax corporate income. A simple framework for assessing current rules suggests a U.S. tax burden on foreign...

Dynamic innovation processes are combined for complex technological advances bring about decision-making under uncertainty. This paper reflects the case of strategic decision-making on a technology development project using real options reasoning. Like investment options in financial markets real options introduce explicit risk measures for possible alternatives. Managerial decisions on innovat...

E-learning markets have been expanding very rapidly. As a result, the involved senior managers are increasingly being confronted with the need to make significant investment decisions related to the e-learning business activities. Real options applications to risk management and investment evaluation of Information and Communication Technologies (ICT) have mainly focused on a single and a-prior...

Past information systems research on real options has focused mainly on evaluating information technology (IT) investments that embed a single, a-priori known option. However, since real options are not inherent in any IT investment, they usually must be planned and intentionally embedded in a target IT investment in order to control various investment-specific risks, just like financial risk m...

The Philippines’ real estate (RE) market vis à its government’s collective efforts to accelerate digital transformation faces prevalent illegal RE practices online on top of limited publicly accessible data for decision-making and decentralized highly regional markets. As the middle-income millennials’ Gen Zs’ purchasing power rises, these increasingly important consumer groups might fall prey ...

An outline of objectives Commercial enterprises are considered moving for maximizing their expected payoff. Traditional Net Present Value (NPV) method is one of the measures of investment decision. But static NPV method has its limits, since there is a lot of uncertainty in business situations so that actual profit includes a lot of risk. Intuitively, one can see that more alternatives that can...

Modifying the methods of Z. Adamowicz’s paper Herbrand consistency and bounded arithmetic (Fund. Math. 171 (2002)), we show that there exists a number n such that ⋃ m Sm (the union of the bounded arithmetic theories Sm) does not prove the Herbrand consistency of the finitely axiomatizable theory Sn 3 . From the point of view of bounded arithmetic, the concept of consistency based on Herbrand’s ...

This paper focuses on the determinants of aggregate investment spending in the UK for the industrial and commercial company (ICC) sector. It complements recent work by Cuthbertson and Gasparro (1995), who study an augmented Tobin’s q model of investment in the manufacturing sector. Important focal points of our analysis are a role for real profits (internal funds), which allow firms to combat l...