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Technology Switching Option and the Market Value of the Firm: A Model and an Empirical Test
16 references·1 citing·39 second hop
Technology Switching Option and the Market Value of the Firm: A Model and an Empirical Test (2007)Technology Switching Option and the Marke…The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail (2013)The Innovator's Dilemma: When…Market value and patent citations (2005)Market value and patent citat…The Stock Market Valuation of Research and Development Expenditures (2001)The Stock Market Valuation of…Capabilities, cognition, and inertia: evidence from digital imaging (2000)Capabilities, cognition, and …The capitalization, amortization, and value-relevance of R&D (1996)The capitalization, amortizat…Real Options: Managerial Flexibility and Strategy in Resource Allocation (1996)Real Options: Managerial Flex…Investment Under Uncertainty. (1994)Investment Under Uncertainty.Valuation: Measuring and managing the value of companies (1992)Valuation: Measuring and mana…Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms (1990)Architectural Innovation: The…Competing Technologies, Increasing Returns, and Lock-In by Historical Events (1989)Competing Technologies, Incre…Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value (1986)Technological Opportunity and…Patterns of Industrial Innovation (1978)Patterns of Industrial Innova…Determinants of corporate borrowing (1977)Determinants of corporate bor…The valuation of options for alternative stochastic processes (1976)The valuation of options for …Option pricing when underlying stock returns are discontinuous (1976)Option pricing when underlyin…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Real options theory in strategic management (2016)Real options theory in strate…Invention and Economic Growth (1966)Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations (1993)The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools (2001)The Increasing Dominance of Teams in Production of Knowledge (2007)Necessity as the mother of ‘green’ inventions: Institutional pressures and environmental innovations (2012)Technological Innovation, Resource Allocation, and Growth* (2017)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Option pricing: A simplified approach (1979)The Pricing of Options on Assets with Stochastic Volatilities (1987)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Theory of rational option pricing (2005)An Evolutionary Theory of Economic Change. (1983)The Management of Innovation (1994)Toward a knowledge‐based theory of the firm (1996)Capitalism, Socialism and Democracy (1997)Dynamic capabilities and strategic management (1997)Clio and the Economics of QWERTY (1985)Network Externalities, Competition, and Compatibility (1985)Increasing Returns and Economic Geography (1990)A Simple Model of Herd Behavior (1992)International Norm Dynamics and Political Change (1998)Sources, Procedures, and Microeconomic Effects of Innovation (2000)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Value of Waiting to Invest (1982)Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy (1986)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)The Impact of Uncertainty Shocks (2009)Policy Uncertainty and Corporate Investment (2015)Measuring Economic Policy Uncertainty* (2016)Absorptive Capacity: A Review, Reconceptualization, and Extension (2002)Exploitation, Exploration, and Process Management: The Productivity Dilemma Revisited (2003)Open for innovation: the role of openness in explaining innovation performance among U.K. manufacturing firms (2005)
this work references cited by second hop

References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1994Investment Under Uncertainty.9,566 cited
  • 1990Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms8,369 cited
  • 1989Competing Technologies, Increasing Returns, and Lock-In by Historical Events7,726 cited
  • 1976Option pricing when underlying stock returns are discontinuous5,965 cited
  • 2013The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail3,708 cited
  • 2005Market value and patent citations3,383 cited
  • 1978Patterns of Industrial Innovation3,340 cited
  • 1976The valuation of options for alternative stochastic processes2,935 cited
  • 1986Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value2,846 cited
  • 2000Capabilities, cognition, and inertia: evidence from digital imaging2,502 cited
  • 1992Valuation: Measuring and managing the value of companies2,284 cited
  • 1996Real Options: Managerial Flexibility and Strategy in Resource Allocation2,224 cited
  • 1996The capitalization, amortization, and value-relevance of R&D

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1,947 cited
  • 2001The Stock Market Valuation of Research and Development Expenditures1,871 cited
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    • 2016Real options theory in strategic management557 cited