Since the publication of path-breaking contributions on the governance of environmental resources in the early 1990s many political initiatives have been taken, many governance experiments have been run, and a large multidisciplinary field of research has opened up. The aim of this...

The purpose of this article is to specify the nature of a critical activity in the field of strategy. While post-rational or procedural researches offered alternatives to conventional strategy, they do not reflect the specificity of the critical approach and do not really fit to a critical...

The purpose of this article is to specify the nature of a critical activity in the field of strategy. While post-procedural researches offered alternatives to conventional strategy, they do not really fit to a critical theory of strategic management. Building on a literature review in critical...

Despite a large body of literature on the topic, empirical tests of real option models are scarce. The lack of data offers an initial explanation for this. However other intrinsic reasons could well explain why real options are difficult to test on large-scale studies. We show that the use of...

Despite a large body of literature on the topic and the continuously improving understanding of professionals, real options are not widely used to value firms. Numerous assumptions have been raised to explain the various obstacles to their adoption. Limits concerning the relevance of option...

The objective of this paper is to understand how and why companies implement corporate social responsability policies when they build a new plant. The paper is based on three case studies.

Including real options in firms ’ value raises numerous difficulties. Limitations concerning the relevance of option pricing models outside financial markets are the most salient, but carrying out a valuation implies other assumptions, especially on firms’ governance. In particular,...