Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10001102367
Persistent link: https://www.econbiz.de/10015156680
Persistent link: https://www.econbiz.de/10003716202
We view innovation investment as a real option and explore the implications of ambiguity (Knightian uncertainty) and risk for innovation decisions. Our analysis uses a risk measure and a new outcome-independent measure of ambiguity. We find a consistently significant negative effect of ambiguity...
Persistent link: https://www.econbiz.de/10013217074
Persistent link: https://www.econbiz.de/10001692912