Vlachý, Jan - In: Politická ekonomie 2009 (2009) 2, pp. 147-162
which demonstrates that corporate strategy can be perceived as a portfolio of embedded and real options. We further argue … that embedded options typically serve as hedging instruments for real options which enhances their value and should be a … contractual arrangements through which firms purchase its product. Human capital is the key resource for the processes of real-options …