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Sunk costs, uncertainty and market exit: A real options perspective

โœ Scribed by O'Brien, J.; Folta, T.


Book ID
118167652
Publisher
Oxford University Press
Year
2009
Tongue
English
Weight
191 KB
Volume
18
Category
Article
ISSN
0960-6491

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A real options perspective on entreprene
โœ Jonathan P. O'Brien; Timothy B. Folta; Douglas R. Johnson ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 190 KB

## Abstract In this paper we develop and test theory regarding whether entrepreneurs contemplating starting a new venture account for the value of the option to defer the entry decision. While others have illuminated the theoretical applicability of real options theory to entrepreneurship, empirica