Application of Real Options in the Governance of Innovation
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This presentation starts from the analysis of real option to that of the game options and analyzes how strategic interactions are taking into account in corporate governance. Focusing on strategic investment decision, this presentation demonstrates, firstly, the relevance to use key lessons and implications of real options in the process of decision making and, secondly, how the use of option games hypothesis allows us to propose a combination of real option and game theory in
competitive environment with unpredictable events. Consequently, real options game models bring together real options and game theory.
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