Abstract
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 language | English |
|---|---|
| Pages (from-to) | 1359-1377 |
| Number of pages | 19 |
| Journal | Management Science |
| Volume | 45 |
| Issue number | 10 |
| DOIs | |
| State | Published - Oct 1999 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
ASJC Scopus subject areas
- Strategy and Management
- Management Science and Operations Research
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