000			01349naa a2200253uu 4500
001			8324
003			OSt
005			20190211154431.0
008			021114s2005 xx ||||gr |0|| 0 eng d
100	1		_aMILLER, Kent D _97234
245	1	0	_aOption value and entry timing
260			_c2002
520	3		_aWhen facing uncertainty, firms entering new markets can make initial foothold investments rather than undertake large sunk investments. Such investments are real call option purchases. They offer management flexibility, but also raise questions about whether and when to increase commitments to new markets. We present an entry timing decision criterion and discuss its application to a variety of market entry situations. Optimal timing for exercising real options depends on current dividends, possibilities for preemption, and whether the option is simple or compound, proprietary or shared. Our analysis reveals critical assumptions and new theoretical insights regarding market entry timing
650		4	_aReal options _917504
650		4	_aEntry _917505
650		4	_aTiming _917506
650		4	_aPreemption _917507
650		4	_aFlexibility _917508
700	1		_aFOLTA, Timothy B _93635
773	0	8	_tStrategic Management Journal _g23, 7, p. 655-665 _d, 2002 _w
942			_cS
998			_a20021114 _bLucima _cLucimara
998			_a20060612 _b1726^b _cQuiteria
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c8470 _d8470
041			_aeng