We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

making risky investment decisions, exposing their companies to potentially costly pitfalls. Playing at Acquisitions provides … latest advances in behavioral finance, real option valuation, and game theory, this unique playbook explains how to express … theory and featuring numerous real-world case studies, Playing at Acquisitions will enhance the ability of CEOs and their …

making risky investment decisions, exposing their companies to potentially costly pitfalls. Playing at Acquisitions provides … latest advances in behavioral finance, real option valuation, and game theory, this unique playbook explains how to express … theory and featuring numerous real-world case studies, Playing at Acquisitions will enhance the ability of CEOs and their …

How does innovation impact on development? How, and under what conditions, do entrepreneurs in developing countries … innovate? And what can be done to support innovation by entrepreneurs in developing countries? This policy brief addresses … these questions and explains the relationship between entrepreneurship, innovation and development. Policy lessons are drawn …

The impact of uncertainty on firms? investment outlays is subject to an ongoing debate. Theory identifies several … channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …

We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries, we estimate neoclassical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …