The application of real options theory to the decision making of
multinational enterprises (MNEs) is an exciting new area of
research within the field of international business. Such
contributions will make existing theories in international business
(such as internalization theory) dynamic and more realistic. This
important collection presents 20 of the most significant articles
that apply real options theory to international business and
strategic management. The volume organizes the recent literature so
that further advances can be made by international business
scholars to capitalize on the power and usefulness of the real
options approach. Part I includes articles that help to clarify the
definitions of real options and the boundaries of applying real
options theory to analyze the decision making of firms. Part II
consists of applications to operational flexibility of the
multinational network. Part III comprises applications to market
entry modes among which joint ventures are most widely studied.
Part IV refers to applications to market entry timing. Part V
includes several applications to strategic management.
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