Real option analysis has been applied to strategies of market entry and global expansion, predominantly in combination with the formation of alliances and joint ventures. Albeit joint venturing based on option pricing theory is studied in both disciplines, financial economics and international...

Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are particularly exposed to tax uncertainty. Capital tax uncertainty emerges from expected tax reforms, the unclear outcome of future tax audits, and simplified estimates of capital...