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What makes and what does not make a real option? A study of equity shares in international joint ventures

Cuypers, Ilya RP, Martin, Xavier

Journal of International Business Studies · 2010 · Volume 41 · Issue 1

DOI: 10.1057/jibs.2009.17

Abstract

This paper examines the boundaries of real options logic, with an application to joint ventures (JVs). We distinguish between forms of uncertainty that are

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