The role of the abandonment option in strategic capital allocation: a review of selected literature
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/11144/5682 |
Resumo: | We review the most relevant contributions to the abandonment option since the late 1960s. We begin by approaching the contributions to the literature before the emergence of the real options approach to capital investment decisions, and thereafter, under a consistent real options approach, highlighting the interactions between the option to abandon and other types of options. We then identify the methodologies adopted, and the business sectors/ types of investment projects where the abandonment option is more frequently studied. We also debate the strategic role of the abandonment solution in corporate divestitures and under a game-theoretical approach. Finally, we present some concluding remarks and identify how certain gaps found in the literature may constitute opportunities for future research. |
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The role of the abandonment option in strategic capital allocation: a review of selected literatureReal optionsabandonment optionResource allocationreal option gamesWe review the most relevant contributions to the abandonment option since the late 1960s. We begin by approaching the contributions to the literature before the emergence of the real options approach to capital investment decisions, and thereafter, under a consistent real options approach, highlighting the interactions between the option to abandon and other types of options. We then identify the methodologies adopted, and the business sectors/ types of investment projects where the abandonment option is more frequently studied. We also debate the strategic role of the abandonment solution in corporate divestitures and under a game-theoretical approach. Finally, we present some concluding remarks and identify how certain gaps found in the literature may constitute opportunities for future research.CICEE. Universidade Autónoma de Lisboa2022-11-17T13:31:22Z2021-12-01T00:00:00Z2021-12info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11144/5682eng2184-898Xhttps://doi.org/10.26619/ERBE-2021.I.2.3Ribeiro, JoãoCosta-Filho, Joãoinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-11T02:26:53Zoai:repositorio.ual.pt:11144/5682Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:35:26.705863Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The role of the abandonment option in strategic capital allocation: a review of selected literature |
title |
The role of the abandonment option in strategic capital allocation: a review of selected literature |
spellingShingle |
The role of the abandonment option in strategic capital allocation: a review of selected literature Ribeiro, João Real options abandonment option Resource allocation real option games |
title_short |
The role of the abandonment option in strategic capital allocation: a review of selected literature |
title_full |
The role of the abandonment option in strategic capital allocation: a review of selected literature |
title_fullStr |
The role of the abandonment option in strategic capital allocation: a review of selected literature |
title_full_unstemmed |
The role of the abandonment option in strategic capital allocation: a review of selected literature |
title_sort |
The role of the abandonment option in strategic capital allocation: a review of selected literature |
author |
Ribeiro, João |
author_facet |
Ribeiro, João Costa-Filho, João |
author_role |
author |
author2 |
Costa-Filho, João |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Ribeiro, João Costa-Filho, João |
dc.subject.por.fl_str_mv |
Real options abandonment option Resource allocation real option games |
topic |
Real options abandonment option Resource allocation real option games |
description |
We review the most relevant contributions to the abandonment option since the late 1960s. We begin by approaching the contributions to the literature before the emergence of the real options approach to capital investment decisions, and thereafter, under a consistent real options approach, highlighting the interactions between the option to abandon and other types of options. We then identify the methodologies adopted, and the business sectors/ types of investment projects where the abandonment option is more frequently studied. We also debate the strategic role of the abandonment solution in corporate divestitures and under a game-theoretical approach. Finally, we present some concluding remarks and identify how certain gaps found in the literature may constitute opportunities for future research. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-12-01T00:00:00Z 2021-12 2022-11-17T13:31:22Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/11144/5682 |
url |
http://hdl.handle.net/11144/5682 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
2184-898X https://doi.org/10.26619/ERBE-2021.I.2.3 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
CICEE. Universidade Autónoma de Lisboa |
publisher.none.fl_str_mv |
CICEE. Universidade Autónoma de Lisboa |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799136830635900928 |