000			01572naa a2200181uu 4500
001			8110417245010
003			OSt
005			20190211164433.0
008			081104s2008 xx ||||gr |0|| 0 eng d
100	1		_aWANG, Heli _935751
245	1	0	_aReal options and real value : _bthe role of employee incentives to make specific knowledge investments
260			_aChichester, UK : _bJohn Wiley, _cJuly 2008
520	3		_aReal options reasoning emphasizes the strategic value of making flexible investments in a turbulent environment. Employees' investments in specific human capital are often critical to the success of a real option project, but the very flexibility that allows a firm to change course in response to new information also affects employees' incentives to make such specific human capital investments. We develop a model of real option investment that explicitly incorporates the role of employee incentives. The model suggests that the effect of investing in a real option project on employee incentives 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 employee incentives when applying real options logic to investment decision making
700	1		_aLIM, Sonya Seongyeon _935752
773	0	8	_tStrategic Management Journal _g29, 7, p. 701-721 _dChichester, UK : John Wiley, July 2008 _xISSN 01432095 _w
942			_cS
998			_a20081104 _b1724^b _cTiago
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c27749 _d27749
041			_aeng