VASSOLO Roberto Santiago
Assessing the value of a portfolio of real options
ANAND, J.; ORIANI, R.; VASSOLO, R. S.
Advances in Strategic Management
Año: 2007 vol. 24 p. 285 - 313
This study analyses the determinants of value of a portfolio of real options and explores implications for strategic management. It focuses the analysis on four elements: the number of real options in the portfolio, constraints on the number of options that can be exercised, the volatility of underlying assets, and the correlation between underlying assets. These elements are articulated around a trade-off between growth options and switching options and are applied to different strategic situations of technological, market, and macroeconomic uncertainty.