Modern societies regard knowledge as a production factor in its own right. The market is the prevailing governance mode … qualitative research into patent trading we suggest that the emergence of a well-functioning market for patented new technological … knowledge is confronted with several obstacles, which can be characterized as different facets of uncertainty. They are included …

Real options investment theory predicts current investment falls as uncertainty about market returns increases. In the … mitigate firm-specific uncertainty and stimulate current R&D investment. Our empirical results support both the prediction of … case of R&D investment, which is usually considered an irreversible form of investment, this effect should be quite …

The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment … market uncertainty on R&D investment. …

shape of the negative market jump tail risk which is not spanned by market volatility. Incidents of such tail shape shifts …We study short-term market risks implied by weekly S&P 500 index options. The introduction of weekly options has … short-term risks. Such short-dated options provide an easy and direct way to study market volatility and jump risks. Unlike …

The real options investment theory shows that greater uncertainty about market revenues reduces current Ramp … market uncertainty on Ramp;D investment …;D investment by increasing the value of waiting. This paper presents empirical evidence that patent protection mitigates the effect …