Publication Type
Book Chapter
Version
acceptedVersion
Publication Date
1-2007
Abstract
We provide a comprehensive synthesis and extension of the real option (RO) literature on joint ventures (JVs), contributing in three main areas. First, we examine major alternative theoretical perspectives on JVs - learning, bargaining, transaction cost and agency theory - to elaborate how they complement or contradict RO predictions. Second, we compare arguments and variables used to explain different JV stages - initial RO explicitness and equity shares, JV stability, and performance consequences - and highlight research opportunities. Third, we discuss and extend research about behavioral aspects of making RO (JV) investments. Overall, we offer new predictions and suggestions for a better integration within the RO literature, and between RO and related literatures on JVs.
Discipline
Business | Strategic Management Policy
Research Areas
Strategy and Organisation
Publication
Real Options Theory
Volume
24
First Page
103
Last Page
144
ISBN
9780762314270
Identifier
10.1016/s0742-3322(07)24004-5
Publisher
Emerald
City or Country
Bingley
Citation
CUYPERS, Ilya and MARTIN, Xavier.
Joint Ventures and Real Options: An Integrated Perspective. (2007). Real Options Theory. 24, 103-144.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/1084
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/s0742-3322(07)24004-5