STRATEGY AND SHAREHOLDER VALUE CREATION: THE REAL OPTIONS FRONTIER
Author:
Publisher
Wiley
Subject
Management of Technology and Innovation
Link
http://onlinelibrary.wiley.com/wol1/doi/10.1111/j.1745-6622.2000.tb00051.x/fullpdf
Reference1 articles.
1. Oil exploration was one of the earliest applications of real options, with pioneering work by Paddock, Siegel, and Smith, "Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases ," Quarterly Journal of Economics , 1988 .
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