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Real options theory applies techniques known from finance theory to the valuation of capital investments. The present paper investigates further into this analogy, considering the case of a portfolio of real options. An implementation of real option models in practice will mostly be concerned...
Persistent link: https://www.econbiz.de/10010316295
In this article, we analyse the optimal investment decision in a new health care technology of a representative … hospital that maximises its surplus in an uncertain environment. The new technology allows the hospital to increase the quality … to show how the purchasing rules might influence the level of investment. We show that the investment in new technology …
Persistent link: https://www.econbiz.de/10011324946
This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a generalization of the "real option" approach. We examine this issue with reference to an industry where each firm has only one investment opportunity which is completely irreversible and...
Persistent link: https://www.econbiz.de/10011325060
technology development. The result of this paper is beneficial to build a ground to transit towards a data-driven state by …
Persistent link: https://www.econbiz.de/10015194855
Es vollzieht sich ein umfassender digitaler Wandel und es werden große Hoffnungen in die Möglichkeiten digitaler Werkzeuge für die Kommunikation und Visualisierung in Planungsprozessen, für die Analyse und Modellierung räumlicher Informationen und auch für die Verwaltung ganzer Städte und...
Persistent link: https://www.econbiz.de/10014336185
As audit technology becomes more widespread, practice and academia are raising concerns about the costs and benefits of … these technologies. We examine how internal auditors use technology‐based audit techniques (TBATs) and how TBATs impact the …
Persistent link: https://www.econbiz.de/10014503562
Deutsche Krankenhäuser sehen sich heutzutage mit Herausforderungen wie der Globalisierung, dem demographischen Wandel, nachhaltiger Entwicklung und den Folgen des Corona-Virus konfrontiert. Um in diesen Zeiten die Versorgungsqualität zu verbessern, profitabel zu wirtschaften und die Resilienz...
Persistent link: https://www.econbiz.de/10014503657
the effects of an agreement where the more advanced firm shares its technology with the inferior one. We show that the …
Persistent link: https://www.econbiz.de/10010271093
Im Zuge der Globalisierung nimmt die Intensität der Beziehungen zwischen Nationen, zwischen Unternehmen und zivilgesellschaftlichen Akteuren zu. Transnationale Normbildungsnetzwerke entstehen, die einen bislang wenig bekannten Einfluss auf alle Lebensbereiche (Wirtschafts- und...
Persistent link: https://www.econbiz.de/10010293521
value of patents and their potential to block competitors in technology markets. Our empirical results for European firm … firms with valuable patents. However, patents with a potential to block technology competitors seem to be only of interest …
Persistent link: https://www.econbiz.de/10010297965