Baek, H. Young; Cho, David; Kim, Dong-Kyoon - In: Emerging Markets Finance and Trade 48 (2012) 1, pp. 7-19
Growth option benefits in foreign direct investment may be limited by a low probability of exercise due to less demand or corporate focus change. Acquisitions driven by management self-interest may even decrease shareholder wealth. Flexibility option benefits are negligible among soft-service...