Real Options and Strategic Investment Decisions: Can They Be of Use to Scholars?
通过电信行业投资案例展示实物期权的优势，探讨其对战略管理理论的理解，并指出理论与实践差距，为未来研究提出议程。
Real options (RO) analysis has been of growing interest to the academic community as a promising approach to supporting investment decisions under uncertainty. In this article we examine an applied investment decision in the telecommunications industry to highlight the main benefits associated with using real options. The paper then discusses the theoretical issues raised by real options. Specifically, we examine two research streams to explain how real options contributes to a theoretical understanding of strategic management, and to better understand the gap between theory and practice of real options. Finally, we lay out an agenda for future research.