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

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 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 …