Empirical evidence confirms that trade exposure can shift resources towards the most efficient firms in an industry and induce substantial increases in aggregate productivity. Although recent studies document that much of world trade is controlled by multinational firms, few examine the effect of foreign direct investment decisions on resource allocation and aggregate productivity. This paper p...

Empirical evidence confirms that trade exposure can shift resources towards the most efficient firms in an industry and induce substantial increases in aggregate productivity. Although recent studies document that much of world trade is controlled by multinational firms, few examine the effect of foreign direct investment decisions on resource allocation and aggregate productivity. This paper p...

This position paper is an attempt to show how realoptions theory and portfolio theory—can be applied to making software investment decisions in practice. We have previously developed a method, called CBAM, for making software investment decisions based upon architectural analysis, and have applied this method to a large-scale system development—NASA’s ECS project. Building upon this experience,...

Community source development has emerged as a new way of developing enterprise applications, leading to a unique type of open source practice involving partnership and investments from multiple organizations. A critical research question in community source development is concerned with the rationale and the economic incentives behind investments from partnering organizations. In this paper, we...