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ability to generate new growth options. This simple theory predicts that Tobin's q falls with age. Further, competition in the …
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In this paper it is illustrated how option-based valuation can be used to determine whether and when a firm should patent and adopt an Innovation if the arrival time of competitors is stochastic. Four distinct strategies are derived: Apply for a patent without introducing the new technology...
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Theorie existieren zu dieser Fragestellung wenige Untersuchungen. Dies war Anlaß zur Modellierung eines Wachstumsmodells, aus …
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