Dynamic R&D investment policies

Paul D. Childs, Alexander J. Triantis

Research output: Contribution to journalArticlepeer-review

114 Scopus citations


In this study, an attempt is made to examine dynamic R&D investment policies and the valuation of R&D programs in a contingent claims framework. It is shown how a firm can forecast expected R&D spending through time for an optimally executed R&D program.

Original languageEnglish
Pages (from-to)1359-1377
Number of pages19
JournalManagement Science
Issue number10
StatePublished - Oct 1999

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research


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