Literaturverzeichnis 167

Literaturverzeichnis Abel, A. B. et al. (1996): Options, the Value of Capital, and Investment. In: Quarterly Journal of Economics 111 (1996), S. 753-777.

Adner, R./Levinthal, D. A. (2004): What Is not a Real Option: Considering Boundaries for the Application of Real Options to Business Strategy. In: Academy of Management Review 29 (2004), S. 74-85.

Agarwal, S./Ramaswami, S. N. (1992): Choice of Foreign Market Entry Mode: Impact of

Ownership, Location and Internalization Factors, hi: Journal of International Business Studies

23 (1992), S. 1-27.

Aharoni, Y. (1966): The Foreign Direct Investment Decision Process. Boston/MA 1966.

Amram, M./Kulatilaka, N. (1999): Real Options - Managing Strategic Investment in an Un­certain World. Boston/MA 1999.

Andersen, O. (1993): On the Internationalization Process of Firms: A Critical Analysis, hi: Journal of International Business Studies 24 (1993), S. 209-231.

Andersen, O. (1997): Internationalization and Market Entry Mode: A Review of Theories and Conceptual Frameworks. In: Management International Review 37 (1997) Special Issue 2, S. 27-42.

Anderson, E./Gatignon, H. (1986): Modes of Foreign Entry: A Transaction Cost Analysis and Propositions, hi: Journal of International Business Studies 17 (1986), S. 1-26. Anderson, T. J. (2000): Real Options Analysis in Strategic Decision Making: An Applied Approach in a Dual Options Framework. In: Journal of Applied Management Studies 9 (2000), S. 235-255.

Andersson, U./Johanson, J./Vahlne, J.-E. (1997): Organic Acquisitions in the Internationaliza­tion Process of the Business Firm. In: Management International Review 37 (1997) Special Issue 2, S. 67-84.

Arrow, K. (1974): The Limits of Organization. The Fels Lectures on Public Policy Analysis. London 1974.

Audretsch, D. B./Mata J. (1995): The Post-entry Performance of Firms: Introduction, hi: In­ternational Journal of Industrial Organization 13 (1995), S. 413-419.

Audretsch, D. B./Santarelli, E./Vivarelli, M. (1999): Start-up Size and Industrial Dynamics: Some Evidence from Italian Manufacturing. In: International Journal of Industrial Organiza­tion 17 (1999), S. 965-983.

Baecker, P. N./Hommel, U. (2004): 25 Years Real Options Approach to Investment Valua­tion: Review and Assessment, hi: Zeitschrift fur Betriebswirtschaft 74 (2004) Erganzungsheft 3, S. 1-53.

Baldwin, C. Y. (1982): Optimal Sequential Investment when Capital Is not Readily Reversi­ble. hi: Journal of Finance 37 (1982), S. 763-782.

168 Literaturverzeiehnis

Ballwieser, W. (2002): Unternehmensbewertung und Optionspreistheorie. In: Die Betriebs-wirtschaft 62 (2002), S. 184-201.

Bamberg, G./Coenenberg, A. G. (2004): Betriebswirtschaftliche Entscheidungslehre. 12. Aufl. Mtinchen 2004.

Banerjee, A. (2003): Real Option Valuation of a Pharmaceutical Company. In: Vikalpa 28 (2003)2, S. 61-73.

Barkema, H. H./Bell, J. H. J./Pennings, J. M. (1996): Foreign Entry, Cultural Barriers, and Learning. In: Strategic Management Journal 17 (1996), S. 151-166.

Barney, J. D. (1991): Firm Resources and Sustained Competitive Advantage. In: Journal of Management 17 (1991), S. 99-120.

Bartlett, C. A./Ghoshal, S. (1986): Tap Your Subsidiaries for Global Reach. In: Harvard Business Review 64 (1986) 6, S. 87-94.

Bartlett, C. A./Ghoshal, S. (1989): Managing across Borders: The Transnational Solution. Boston/MA 1989.

Beamish, P. W. (1994): Joint Ventures in LDCs: Partner Selection and Performance, hi: Ma­nagement International Review 34 (1994), S. 60-74.

Becker, M. (2005): Controlling von hiternationalisierungsprozessen. Diss., Katholische Uni-versitat Eichstatt-higolstadt 2005.

Belke, A. (2001): Wechselkursschwankungen, AuBenhandel und Arbeitsmarkte - Neue theo-retische und empirische Analysen im Lichte der Europaisehen Wahrungsunion. Heidelberg 2001.

Benito, G. R. G. (1997): Divestment of Foreign Production Operations, hi: Applied Econo­mics 29 (1997), S. 1365-1377.

Benito, G. R. G./Gripsrud, G. (1992): The Expansion of Foreign Direct Investments: Discrete Rational Location Choices or a Cultural Learning Process?. In: Journal of International Busi­ness Studies 23 (1992), S. 461-476.

Bernardo, A. E./Chowdhry, B. (2002): Resources, Real Options, and Corporate Strategy. In: Journal of Financial Economics 63 (2002), S. 211-234.

Bilkey, W. J. (1978): An Attempted Integration of the Literature on the Export Behavior of Firms. In: Journal of International Business Studies 9 (1978), S. 33-46.

Bilkey, W. J./Tesar, G. (1977): The Export Behavior of Smaller-sized Wisconsin Manufactur­

ing Firms. In: Journal of International Business Studies 8 (1977), S. 93-98.

Bjorkman, I./Eklund, M. (1996): The Sequence of Operational Modes Used by Finnish Inves­

tors in Germany. In: Journal of International Marketing 4 (1996) 1, S. 33-55.

Black, F./Scholes, M. (1973): The Pricing of Options and Corporate Liabilities, hi: Journal of

Political Economy 81 (1973), S. 637-659.

Bloom, N./Bond, S. R./Reenen, J. van (2003): Uncertainty and Company Investment Dynam­ics: Empirical Evidence for UK Firms. Working Paper 4025, Center for Economic Policy Re­search, London 2003.

Literaturverzeichnis 169

Bockemuhl, M. (2000): Realoptionen und die Bewertung von Produktinnovationen: Der Ein-fluB von Wettbewerbseffekten. Wiesbaden 2000.

Boer, F. P. (2004): Risk-adjusted Valuation of R&D Projects. In: Research Technology Ma­nagement 2 (2004), S. 50-58.

Bollen, K. A./Jones, S. T. (1982): Political Instability and Foreign Direct Investment: The Motor Vehicle Industry, 1948-1965. In: Social Forces 60 (1982), S. 1070-1088.

Bonduelle, Y./Schmoldt, I./Scholich, M. (2003): Anwendungsmoglichkeiten der Realoptions-bewertung. In: Hommel, U./Scholich, M./Baecker, P. (Hrsg.): Reale Optionen - Konzepte, Praxis und Perspektiven strategischer Unternehmensfinanzierung. Berlin, Heidelberg 2003, S. 4-13.

Botteron, P. (2000): Real Options as a Tool in the Decision to Relocate: An Application to the Banking Industry. Working Paper 3, Universitat Genf 2000.

Botteron, P./Chesney, M./Gibson-Asner, R. (2003): Analyzing Firms' Strategic Investment in a Real Options Framework. In: Journal of International Financial Markets, Institutions & Money 13 (2003), S. 451-480.

Bowman, E. H./Hurry, D. (1993): Strategy through the Option Lens: An Integrated View of Resource Investments and the Incremental-choice Process. In: Academy of Management Re­view 18 (1993), S. 760-782.

Bowman, E. H./Moskowitz, G. T. (2001): Real Options Analysis and Strategic Decision Ma­king. In: Organization Science 12 (2001), S. 772-777.

Boyarchenko, S. L/Levendorskii, S. Z. (2000): Entry and Exit Strategies under non-Gaussian Distributions. In: Brennan, M. J./Trigeorgis, L. (Hrsg.): Project Flexibility, Agency, and Competition - New Developments in the Theory and Application of Real Options. New York, Oxford 2000, S. 71-84.

Bradley, F./Gannon, M. (2000): Does the Firm's Technology and Marketing Profile Affect Foreign Market Entry?. In: Journal of International Marketing 8 (2000) 4, S. 12-36.

Brekke, K. A./Schieldrop, B. (2000): Investment in Flexible Technologies under Uncertainty. In: Brennan, M. J./Trigeorgis, L. (Hrsg.): Project Flexibility, Agency, and Competition - New Developments in the Theory and Application of Real Options. New York, Oxford 2000, S. 34-49.

Brennan, M. J./Schwartz, E. S. (1985): Evaluating Natural Resource Investments. In: Journal of Business 58 (1985), S. 135-157.

Brennan, M. J./Trigeorgis, L. (2000): Real Options - Development and New Contributions. In: Brennan, M. J./Trigeorgis, L. (Hrsg.): Project Flexibility, Agency, and Competition - New Developments in the Theory and Application of Real Options. New York, Oxford 2000, S. 1-10.

Breuer, W./Giirtler, M./Schuhmacher, J. (1999): Die Bewertung betrieblicher Realoptionen. In: Betriebswirtschaftliche Forschung und Praxis 51 (1999), S. 213-232.

170 Literaturverzeicbnis

Breusch, T./Pagan, A. (1980): The LM Test and Its Applications to Model Specification in Econometrics. In: Review of Economic Studies 47 (1980), S. 239-254.

Brockhoff, K. (2002): Problems of Evaluating R&D Projects as Real Options. In: Frenkel, M./Hommel, U./Rudolf, M. (Hrsg.): Risk Management - Challenge and Opportunity. Berlin, Heidelberg 2002, S. 203-212.

Brouthers, K. D. (1995): The Influence of International Risk on Entry Mode Strategy in the Computer Software Industry. In: Management International Review 35 (1995), S. 7-28.

Brouthers, L. E./Brouthers, K. D./Werner, S. (1999): Is Dunning's Eclectic Framework De­scriptive or Normative?. In: Journal of International Business Studies 30 (1999), S. 831-844.

Buckley, A. (1998): International Investment - Value Creation and Appraisal. Copenhagen 1998.

Buckley, P. J. (1983): New Theories of International Business: Some Unresolved Issues. In: Casson, M. C. (Hrsg.): The Growth of International Business. London 1983, S. 34-50.

Buckley, P. J. (1988): The Limits of Explanation: Testing the Internalization Theory of the Multinational Enterprise. In: Journal of International Business Studies 19 (1988), S. 181-193.

Buckley, P. J./Casson, M. C. (1976): The Future of the Multinational Enterprise. London, Basingstoke 1976.

Buckley, P. J./Casson, M. C. (1996): An Economic Model of International Joint Venture

Strategy. In: Journal of International Business Studies 27 (1996) Special Issue, S. 849-876.

Buckley, P. J./Casson, M. C. (1998a): Models of the Multinational Enterprise. In: Journal of

International Business Studies 29 (1998), S. 21-44.

Buckley, P. J./Casson, M. C. (1998b): Analyzing Foreign Market Entry Strategies: Extending the Internalization Approach. In: Journal of International Business Studies 29 (1998), S. 539-562.

Buckley, P. J./Casson, M. C./Gulamhussen, M. A. (2002): Internationalisation - Real Options, Knowledge Management and the Uppsala Approach. In: Havila, V./Forsgren, M./Hakansson, H. (Hrsg.): Critical Perspectives on Internationalisation. Oxford 2002, S. 229-261. Buckley, P. J./Pearce, R. D. (1979): Overseas Production and Exporting by the World's Lar­gest Enterprises: A Study in Sourcing Policy. In: Journal of International Business Studies 10 (1979), S. 9-20.

Btirgel, O./Murray, G. C. (2000): The International Market Entry Choices of Start-up Compa­nies in High-technology Industries. In: Journal of International Marketing 8 (2000) 2, S. 33-62.

Busby, J. S./Pitts, C. G. C. (1997): Real Options in Practice: An Exploratory Survey of How Finance Officers Deal with Flexibility in Capital Appraisal. In: Management Accounting Re­search 8 (1997), S. 169-186.

Calof, J. L./Beamish, P. W. (1995): Adapting to Foreign Markets: Explaining Internationali­zation. In: International Business Review 4 (1995), S. 115-131.

Literaturverzeichnis 171

Calvet, A. L. (1981): A Synthesis of Foreign Direct Investment Theories and Theories of the Multinational Firm, hi: Journal of International Business Studies 12 (1981), S. 43-59. Camino, D./Cazorla, L. (1998): Foreign Market Entry Decisions by Small and Medium-sized Enterprises: An Evolutionary Approach. In: International Journal of Management 15 (1998), S. 123-130.

Carr, P. (1988): The Valuation of Sequential Exchange Opportunities, hi: Journal of Finance 43 (1988), S. 1235-1256.

Carruth, A./Dickerson, A./Henley, A. (2000): What Do We Know about Investment under Uncertainty?, hi: Journal of Economic Surveys 14 (2000), S. 119-153.

Cassimon, D. et al. (2004): The Valuation of a NDA Using a 6-fold Compound Option, hi: Research Policy 33 (2004), S. 41-52.

Casson, M. C. (1985): Transaction Costs and the Theory of the Multinational Enterprise. In: Buckley, P. J./Casson, M. C. (Hrsg.): The Economic Theory of the Multinational Enterprise. London, Basingstoke 1985, S. 20-38.

Casson, M. C. (1992): Internalization Theory and Beyond. In: Buckley, P. J. (Hrsg.): New Directions in International Business: Research Priorities for the 1990s. Aldershot 1992, S. 4-27.

Cavusgil, S. T. (1984): Organizational Characteristics Associated with Export Activity. In: Journal of Management Studies 21 (1984), S. 3-22.

Cavusgil, S. T./Bilkey, W.J./Tesar, G. (1979): A Note on the Export Behavior of Firms: Ex­porter Profiles. In: Journal of International Business Studies 10 (1979), S. 91-97. Chang, S. J. (1996): An Evolutionary Perspective on Diversification and Corporate Restruc­turing: Entry, Exit, and Economic Performance during 1981-89. hi: Strategic Management Journal 17 (1996), S. 587-611.

Chang, S. J./Rosenzweig, P. M. (2001): The Choice of Entry Mode in Sequential Foreign Di­

rect Investment. In: Strategic Management Journal 22 (2001), S. 747-776.

Chen, Y.-F. /Funke, M. (2003): Option Value, Policy Uncertainty and the Foreign Direct In­

vestment Decision. Working Paper No. 139, University of Dundee 2003.

Cherian, J. A./Perotti, E. (2001): Option Pricing and Foreign Investment under Political Risk.

In: Journal of International Economics 55 (2001), S. 359-377.

Chetty, S./Campbell-Hunt, C. (2004): A Strategic Approach to Internationalization: A Tradi­tional versus a "Born-global" Approach. In: Journal of International Marketing 12 (2004) 1, S. 57-81.

Chi, T. (2000): Option to Acquire or Divest a Joint Venture. In: Strategic Management Jour­nal 21 (2000), S. 665-687.

Chi, T./McGuire, D. J. (1996): Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes, hi: Journal of International Business Studies 27 (1996), S. 285-307.

172 Literaturverzeichnis

Childs, P. D./Ott, S. H./Triantis, A. J. (2001): Capital Budgeting for Interrelated Projects: A Real Options Approach. In: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Invest­ment under Uncertainty: Classical Readings and Recent Contributions. Cambridge/MA 2001, S. 419-449.

Cleves, M. A./Gould, W. W./Gutierrez, R. G. (2002): An Introduction to Survival Analysis Using STATA. College Station/TX 2002.

Coase, R. H. (1937): The Nature of the Firm. In: Economica 4 (1937), S. 386-405.

Contractor, F. J. (1984): Choosing between Direct Investment and Licensing: Theoretical

Considerations and Empirical Tests. In: Journal of International Business Studies 15 (1984),

S. 167-188.

Copeland, T./Antikarov, V. (2001): Real Options - A Practitioner's Guide. New York, London 2001.

Copeland, T./Tufano, P. (2004): A Real-world Way to Manage Real Options, hi: Harvard Business Review 82 (2004) 3, S. 90-99.

Cox, D. R. (1972): Regression Models and Life-tables. In: Journal of the Royal Statistics So­ciety 34 (1972), S. 187-220.

Cox, J. C./Ross, S. A./Rubinstein, M. (1979): Option Pricing: A Simplified Approach, hi: Journal of Financial Ecomomics 7 (1979), S. 229-263.

Damisch, P. N. (2002): Wertorientiertes Flexibilitatsmanagement durch den Realoptionsan-satz. Wiesbaden 2002.

Dapena, J. P. (2003): On the Valuation of Companies with Growth Opportunities, hi: Journal of Applied Economics 6 (2003), S. 49-72.

Davidson, W. H. (1980): The Location of Foreign Direct Investment Activity: Country Cha­racteristics and Experience Effects, hi: Journal of International Business Studies 11 (1980), S. 9-22.

Davidson, W. H./McFetridge, D. G. (1985): Key Characteristics in the Choice of International Technology Transfer Mode, hi: Journal of International Business Studies 16 (1985), S. 5-21.

Delios, A./Henisz, W. J. (2003a): Political Hazards, Experience, and Sequential Entry Strate­gies: The International Expansion of Japanese Firms, 1980-1988. In: Strategic Management Journal 24 (2003), S. 1153-1164.

Delios, A./Henisz, W. J. (2003b): Policy Uncertainty and the Sequence of Entry by Japanese Firms, 1980-1998. In: Journal of International Business Studies 34 (2003), S. 227-241.

Delios, A./Makino, S. (2003): Timing of Entry and the Foreign Subsidiary Performance of Japanese Firms. In: Journal of International Marketing 11 (2003) 3, S. 83-105.

Denis, J.-E./Depelteau, D. (1985): Market Knowledge, Diversification and Export Expansion. In: Journal of International Business Studies 16 (1985), S. 77-89.

Deutsche Bundesbank (Hrsg.) (2003): Kapitalverflechtung mit dem Ausland - Statistische Sonderveroffentlichung 10. Frankfurt/Main 2003.

Literaturverzeichnis 173

Dimpfel, M./Algesheimer, R. (2002): Der Einsatz von Realoptionen in der Medien- und

Kommunikationsindustrie. In: Mergers and Acquisitions Review 13 (2002), S. 439-445.

Dixit, A. K. (1995): Irreversible Investment with Uncertainty and Scale Economies. In: Jour­

nal of Economic Dynamics & Control 19 (1995), S. 327-351.

Dixit, A. K. (2001): Investment and Hysteresis. In: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncertainty: Classical Readings and Recent Contribu­tions. Cambridge/MA2001, S. 153-178.

Dixit, A. K./Pindyck, R. S. (1994): Investment under Uncertainty. Princeton/NJ, Chichester 1994.

Dixit, A. K./Pindyck, R. S. (2000): Expandability, Reversibility, and Optimal Capacity Choice. In: Brennan, M. J./Trigeorgis, L. (Hrsg.): Project Flexibility, Agency, and Competi­tion - New Developments in the Theory and Application of Real Options. New York, Oxford 2000, S. 50-70.

Doz, Y. L./Prahalad, C. K. (1991): Managing DMNCs: A Search for a New Paradigm, hi: Strategic Management Journal 12 (1991) Special Issue, S. 145-164.

Driver, C./Yip, P./Dahkil, N. (1996): Large Company Capital Formation and Effects of Mar­ket Share Turbulence: Micro-data Evidence from the PIMS Database, hi: Applied Economics 28(1996), S. 641-651.

Drukarczyk, J. (2003): Finanzierung. 9. Aufl. Stuttgart 2003.

Duan, C.-W./Lin, W. T./Lee, C. F. (2003): Sequential Capital Budgeting as Real Options: The Case of a New DRAM Chipmaker in Taiwan, hi: Review of Pacific Basin Financial Markets and Policies 6 (2003), S. 87-112.

Dunning, J. H. (1973): The Determinants of International Production. In: Oxford Economic Papers 25 (1973), S. 289-336.

Dunning, J. H. (1974): The Distinctive Nature of the Multinational Enterprise. In: Dunning, J. H. (Hrsg.): Economic Analysis and the Multinational Enterprise. London 1974, S. 13-30. Dunning, J. H. (1977): Trade, Location of Economic Activity and the MNE: A Search for an Eclectic Approach. In: Ohlin, B. (Hrsg.): The International Allocation of Economic Activity. London, Basingstoke 1977, S. 395-418.

Dunning, J. H. (1979): Explaining Changing Patterns of International Production: In Defence of the Eclectic Theory. In: Oxford Bulletin of Economics and Statistics 41 (1979), S. 269-295. Dunning, J. H. (1981): Explaining the International Direct Investment Position of Countries: Towards a Dynamic or Development Approach. In: Weltwirtschaftliches Archiv/Review of World Economics 117 (1981), S. 30-64.

Dunning, J. H. (1988): The Eclectic Paradigm of International Production: A Restatement and some Possible Extensions. In: Journal of International Business Studies 19 (1988), S. 1-31.

Dunning, J. H. (1993): Multinational Enterprises and the Global Economy. Wokingham et al. 1993.

174 Literaturverzeichnis

Dunning, J. H. (1995): Reappraising the Eclectic Paradigm in an Age of Alliance Capitalism. In: Journal of International Business Studies 26 (1995), S. 461-491.

Dunning, J. H. (1999): Forty Years On: American Investment in British Manufacturing Indus­try Revisited. In: Transnational Corporations 8 (1999) 2, S. 1-34.

Dunning, J. H. (2000): The Eclectic Paradigm as an Envelope for Economic and Business Theories of MNE Activity. In: International Business Review 9 (2000), S. 163-190.

Dunning, J. H./Bansal, S. (1997): The Cultural Sensitivity of the Eclectic Paradigm. In: Mul­tinational Business Review 5 (1997), S. 1-16.

Dunning, J. H./Kundu, S. K. (1995): The Internationalization of the Hotel Industry - Some New Findings from a Field Study, hi: Management International Review 35 (1995), S. 101-133.

Ebers, M./Gotsch, W. (2002): histitutionenokonomische Theorien der Organisation. In: Kie-ser, A. (Hrsg.): Organisationstheorien. 5. Aufl. Stuttgart 2002, S. 199-251.

Enders, W./Sandler, T. (1996): Terrorism and Foreign Direct Investment in Spain and Greece. In: Kyklos 49 (1996), S. 331-352.

Eriksson, K./Majkgard, A./Sharma, D. D. (2000): Path Dependence and Knowledge Deve­lopment in the Internationalization Process. In: Management International Review 40 (2000), S. 307-328.

Ernst, D./Thummel, R. C. (2000): Realoptionen zur Strukturierung von M&A-Transaktionen. In: Finanz Betrieb 2 (2000), S. 665-673.

Erramilli, M. K. (1991): The Experience Factor in Foreign Market Entry Behavior of Service Firms. In: Journal of International Business Studies 22 (1991), S. 479-501.

Erramilli, M. K./Rao, C. P. (1993): Service Firms' International Entry-mode Choice: A Modi­fied Transaction-cost Analysis Approach. In: Journal of Marketing 57 (1993) 7, S. 19-38.

Erramilli, M. K./Srivastava, R./Kim, S.-S. (1999): Internationalization Theory and Korean

Multinationals. In: Asia Pacific Journal of Management 16 (1999), S. 29-45.

Ferdows, K. (1997): Making the Most of Foreign Factories. In: Harvard Business Review 75

(1997) 2, S. 73-88.

Folta, T. B./Johnson, D. R./O'Brien, J. (2001): Uncertainty and the Likelihood of Entry: An Empirical Assessment of the Moderating Role of Irreversibility. Working Paper No. 1143, Purdue University, West Lafayette/IN 2001.

Folta, T. B./Miller, K. D. (2002): Real Options in Equity Partnerships. In: Strategic Manage­ment Journal 23 (2002), S. 77-88.

Folta, T. B./O'Brien, J. P. (2004): Entry in the Presence of Dueling Options, hi: Strategic Management Journal 25 (2004), S. 121-138.

Forssbaeck, J./Oxelheim, L. (2003): Money Markets and Politics - A Study of European Fi­

nancial Integration and Monetary Policy Options. Cheltenham, Northampton/MA 2003.

Freihube, K. (2001): Die Bedeurung und die Bewertung von Realoptionen (Handlungsspiel-

raumen) in der wertorientierten Unternehmensfuhrung. Diss., FU Berlin 2001.

Literaturverzeichnis 175

Friedl, G. (2002a): Sequential Investment and Time to Build. In: Schmalenbach Business Re­view 54 (2002), S. 56-79.

Friedl, G. (2002b): Der Realoptionsansatz zur Bewertung von Investitionen und Akquisitio-nen. In: Mergers and Acquisitions 13 (2002) 2, S. 73-80.

Friedl, G. (2003): Realoptionen als Bewertungs- und Controllinginstrument. In: Achleitner, A.-K./Bassen, A. (Hrsg.): Controlling von jungen Unternehmen. Stuttgart 2003, S. 239-258.

Galan, J. I./Galende, J./Gonzalez-Benito, J. (1999): Determinant Factors of International De­velopment: Some Empirical Evidence. In: Management Decision 37 (1999), S. 778-785. Gannon, M. (1993): Towards a Composite Theory of Foreign Market Entry Mode Choice: The Role of Marketing Strategy Variables. In: Journal of Strategic Marketing 1 (1993), S. 41-54.

Gatignon, H./Anderson, E. (1988): The Multinational Corporation's Degree of Control over Foreign Subsidiaries: An Empirical Test of a Transaction Cost Explanation. In: Journal of Law, Economics, and Organization 4 (1988), S. 305-336.

Ghemawat, P./del Sol, P. (1998): Commitment vs. Flexibility. In: California Management Review 40 (1998), S. 26-42.

Ghosal, V. (2003): Endemic Volatility of Firms and Establishments: Are Real Options Effects Important?. Working Paper SP II13, Wissenschaftszentrum Berlin 2003.

Ghosal, V./Loungani, P. (2000): The Differential Impact of Uncertainty on Investment in Small and Large Businesses. In: Review of Economics & Statistics 82 (2000), S. 338-343.

Goldberg, L. S. (1993): Exchange Rates and Investment in United States Industry. In: Review of Economics and Statistics 75 (1993), S. 575-589.

Gomes-Casseres, B. (1989): Ownership Structures of Foreign Subsidiaries: Theory and Evi­dence. hi: Journal of Economic Behavior and Organization 11 (1989), S. 1-25.

Gotz, J. (2001): Realoptionsbasierte Bewertung von Investitionen im ProfifuBball. hi: Sig-loch, J./Klimmer, C. (Hrsg.): Unternehmen FuBball - Vom Sportverein zum Kapitalmarktun-ternehmen. Wiesbaden 2001, S. 103-135.

Graham, E. M./Krugman, P. R. (1995): Foreign Direct Investment in the United States. 3. Aufl. Washington, DC 1995.

Grant, R. M. (1991): The Resource-based Theory of Competitive Advantage: Implications for

Strategy Formulation. In: California Management Review 33 (1991), S. 114-135.

Greene, W. H. (2003): Econometric Analysis. 5. Aufl. Upper Saddle River/NJ 2003.

Grenadier, S. R. (2000): Game Choices: The Intersection of Real Options and Game Theory. London 2000.

Grenadier, S. R./Weiss, A. M. (1997): Investment in Technological Innovations: An Option Pricing Approach. In: Journal of Financial Economics 44 (1997), S. 397-416.

GroG-Schuler, A. (2002): Irreversibilitat und Unternehmensstrategie: Das Konzept der Sunk Costs und seine Entscheidungsrelevanz. Wiesbaden 2002.

176 Literaturverzeichnis

Gupta, A. K./Govindarajan, V. (1991): Knowledge Flows and the Structure of Control within

Multinational Corporations. In: Academy of Management Review 16 (1991), S. 768-792.

Hadjikhani, A. (1997): A Note on the Criticism against the Internationalization Process

Model. In: Management International Review 37 (1997) Special Issue 2, S. 43-66.

Hadjinicola, G. C./Kumar, K. R. (2002): Modeling Manufacturing and Marketing Options in

International Operations. In: International Journal of Production Economics 75 (2002), S.

287-304.

Hadley, R.D./Wilson, H. I. M. (2003): The Network Model of hiternationalisation and Expe­riential Knowledge, hi: International Business Review 12 (2003), S. 697-717.

Hall, T. (2004): Political Risk and FDI: Existing EU vs. Accession Countries. In: Oxelheim, L./Ghauri, P. N. (Hrsg.): European Union and the Race for Foreign Direct Investment in Europe. Amsterdam et al. 2004, S. 355-378.

Hampden-Turner, C./Trompenaars, F. (1993): The Seven Cultures of Capitalism - Value Sys­tems for Creating Wealth in the United States, Britain, Japan, Germany, France, Sweden, and The Netherlands. New York 1993.

Hausman, J. (1978): Specification Tests in Econometrics. In: Econometrica 46 (1978), S. 1251-1271.

Hedlund, G. (1986): The Hypermodern MNC - A Heterarchy?. In: Human Resource Ma­nagement 25 (1986), S. 9-35.

Hennart, J.-F. (1982): A Theory of Multinational Enterprise. Ann Arbor/Ml 1982.

Hennart, J.-F. (1991): The Transaction Costs Theory of Joint Ventures: An Empirical Study

of Japanese Subsidiaries in the United States, hi: Management Science 37 (1991), S. 483-497.

Hennart, J.-F. (1993): Explaining the Swollen Middle: Why Most Transactions Are a Mix of

"Market" and "Hierarchy". In: Organization Science 4 (1993), S. 529-547.

Hennart, J.-F./Park, Y.-R. (1993): Greenfield vs. Acquisition: The Strategy of Japanese In­vestors in the United States, hi: Management Science 39 (1993), S. 1054-1070. Hennart, J.-F./Park, Y.-R. (1994): Location, Governance, and Strategic Determinants of Japa­nese Manufacturing Investment in the United States. In: Strategic Management Journal 15 (1994), S. 419-436.

Hofstede, G. (1980): Culture's Consequences - International Differences in Work-related Va­lues. Newbury Park/CA 1980.

Hofstede, G. (1993): Interkulturelle Zusammenarbeit - Kulturen - Organisationen - Manage­ment. Wiesbaden 1993.

Holland, A. S./Ott, S. H./Riddiough, T. J. (2000): The Role of Uncertainty in Investment: An Examination of Competing Investment Models Using Commercial Real Estate Data, hi: Real Estate Economics 28 (2000), S. 33-64.

Holtbriigge, D./EnBlinger, B. (2004): Exportstrategien von Born Global Firms, hi: Zentes, J./Morschett, D./Schramm-Klein, H. (Hrsg.): AuBenhandel - Marketingstrategien und Ma-nagementkonzepte. Wiesbaden 2004, S. 371-388.

Literaturverzeichnis 177

Hommel, U./Lehmann, H. (2001): Die Bewertung von Investitionsprojekten mit dem Realop-tionsansatz - Ein Methodeniiberblick. In: Hommel, U./Scholich, M./Vollrath, R. (Hrsg.): Re-aloptionen in der Unternehmenspraxis: Wert schaffen durch Flexibility. Berlin, Heidelberg 2001, S. 113-129.

Hommel, U./Pritsch, G. (1999): Marktorientierte Investitionsbewertung mit dem Realoptions-ansatz: Ein Implementierungsleitfaden fur die Praxis. In: Finanzmarkt und Portfolio Ma­nagement 13 (1999), S. 121-144.

Hoppe, M. H. (1993): The Effects of National Culture on the Theory and Practice of Ma­naging R&D Professionals Abroad. In: R&D Management 23 (1993), S. 213-225.

Howell, S. D./Jagle, A. J. (1997): Laboratory Evidence on How Managers Intuitively Value Real Growth Options. In: Journal of Business Finance & Accounting 24 (1997), S. 915-935.

Huchzermeier, A. (2000): The Real Option Value of Operational and Managerial Flexibility in Global Supply Chain Networks. In: Frenkel, M./Hommel, U./Rudolf, M. (Hrsg.): Risk Management - Challenge and Opportunity. Berlin, Heidelberg 2000, S. 181-201.

Huchzermeier, A./Loch, C. H. (2001): Project Management under Risk: Using the Real Op­tions Approach to Evaluate Flexibility in R&D. In: Management Science 47 (2001), S. 85-101.

Huisman, K. J. M. (2001): Technology Investment: A Game Theoretic Real Options Ap­proach. Boston/MA, Dordrecht, London 2001.

Huisman, K. J. M. et al. (2004): Strategic Investment under Uncertainty: Merging Real Op­tions with Game Theory, hi: Zeitschrift fur Betriebswirtschaft 74 (2004) Erganzungsheft 3, S. 97-123.

Huisman, K. J. M./Kort, P. M. (2003): Strategic Investment in Technological Innovations. In: European Journal of Operational Research 144 (2003), S. 209-223.

Hule, R. (2000): Information, Risk and Timing of Foreign Direct Investment: A Real Options Perspective. In: Chen, J.-R. (Hrsg.): Foreign Direct Investment. New York, London 2000, S. 75-95.

Hurry, D./Miller, A. T./Bowman, E. H. (1992): Calls on High-technology: Japanese Explora­tion of Venture Capital Investments in the United States. In: Strategic Management Journal 13 (1992), S. 85-101.

Hymer, S. (1968): The Large Multinational Corporation. In: Revue Economique 19 (1968), S. 949-973.

Hymer, S. (1970): The Efficiency (Contradictions) of Multinational Corporations. In: Ameri­can Economic Review 60 (1970), S. 441-448.

Hymer, S. (1972): The Internationalization of Capital. In: Journal of Economic Issues 6 (1972), S. 91-111.

Hymer, S. (1976): The International Operations of National Firms. Cambridge/MA 1976.

Instirut der Deutschen Wirtschaft (Hrsg.) (2004): Deutschland in Zahlen. Koln 2004.

Isermann, R. (1988): Digitale Regelsysteme. 2. Aufl. Berlin, Heidelberg, New York 1988.

178 Literaturverzeichnis

Itaki, M. (1991): A Critical Assessment of the Eclectic Theory of the Multinational Enter­

prise. In: Journal of International Business Studies 22 (1991), S. 445-460.

Jagle, A. J. (1999): Shareholder Value, Real Options, and Innovation in Technology-intensive

Companies. In: R&D Management 29 (1999), S. 271-287.

JahrreiB, W. (1984): Zur Theorie der Direktinvestitionen im Ausland. Berlin 1984.

Janney, J. J./Dess, G. G. (2004): Can Real-options Analysis Improve Decision-making?

Promises and Pitfalls. In: Academy of Management Executive 18 (2004), S. 60-75.

Javidan, M./House, R. J. (2002): Leadership and Cultures around the World: Findings from GLOBE. In: Journal of World Business 37 (2002), S. 1-2.

Johanson, J./Vahlne, J.-E. (1977): The Internationalization Process of the Firm - A Model of Knowledge Development and Increasing Foreign Market Commitments. In: Journal of Inter­national Business Studies 8 (1977), S. 23-32.

Johanson, J./Vahlne, J.-E. (1990): The Mechanism of Internationalisation. In: International Marketing Review 7 (1990) 4, S. 11-24.

Johanson, J./Wiedersheim-Paul, F. (1975): The Internationalization of the Firm - Four Swe­dish Cases, hi: Journal of Management Studies 12 (1975), S. 305-322.

Johansson, J. U./Nonaka, I. (1983): Japanese Export Marketing: Structures, Strategies, Coun-terstrategies. In: International Marketing Review 1 (1983), S. 12-25.

Johnson, H. G. (1968): Comparative Cost and Commercial Policy for a Developing World Economy. Stockholm 1968.

Jost, T. (1997): Direktinvestitionen und Standort Deutschland. Diskussionspapier 2/97, Deut­sche Bundesbank, Frankfurt/Main 1997.

Kalckreuth, U. v. (2003): Exploring the Role of Uncertainty for Corporate Investment Deci­sions in Germany. In: Swiss Journal of Economics and Statistics 139 (2003), S. 173-206.

Karafakioglu, M. (1986): Export Activities of Turkish Manufacturers. In: International Mar­keting Review 3 (1986), S. 34-43.

Kaufmann, D./Kraay, A./Mastruzzi, M. (2003): Governance Matters III: Governance Indica­tors for 1996 - 2002. Discussion Paper, The World Bank, Washington, DC 2003.

Kemna, A. G. Z. (2001): Case Studies on Real Options. In: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncertainty: Classical Readings and Recent Con­tributions. Cambridge/MA2001, S. 641-662.

Kim, W. C./Hwang, P. (1992): Global Strategy and Multinationals' Entry Mode Choice. In: Journal of International Business Studies 23 (1992), S. 29-53.

Kimura, Y. (1989): Firm-specific Strategic Advantages and Foreign Direct Investment Beha­vior of Firms: The Case of Japanese Semiconductor Firms. In: Journal of International Busi­ness Studies 20 (1989), S. 296-314.

Kindleberger, C. P. (1969): American Business Abroad - Six Lectures on Direct Investment. New Haven/CT, London 1969.

Literaturverzeichnis 179

Kogut, B. (1991): Joint Ventures and the Option to Expand and Acquire. In: Management Science 37 (1991), S. 19-33.

Kogut, B./Chang, J. S. (1991): Technological Capabilities and Japanese Foreign Direct In­

vestment in the United States. In: Review of Economics & Statistics 73 (1991), S. 401-413.

Kogut, B./Kulatilaka, N. (1994): Operating Flexibility, Global Manufacturing and the Option

Value of a Multinational Network. In: Management Science 40 (1994), S. 123-139.

Kogut, B./Kulatilaka, N. (2001): Capabilities as Real Options. In: Organization Science 12 (2001), S. 744-758.

Kogut, B./Singh, H. (1988): The Effect of National Culture on the Choice of Entry Mode. In: Journal of International Business Studies 19 (1988), S. 411-432.

Kogut, B./Zander, U. (1993): Knowledge of the Firm and the Evolutionary Theory of the Multinational Corporation. In: Journal of International Business Studies 24 (1993), S. 625-645.

Kostava, T. (1999): Transnational Transfer of Strategic Organizational Practices: A Con­textual Perspective. In: Academy of Management Review 24 (1999), S. 308-324.

Kulatilaka, N. (1993): The Value of Flexibility: The Case of a Dual-fuel Industrial Steam Boiler, hi: Financial Management 22 (1993), S. 271-280.

Kulatilaka, N./Perotti, E. C. (2001): Strategic Growth Options, hi: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions. Cambridge/MA2001, S. 499-516.

Kulatilaka, N./Trigeorgis, L. (2001): The General Flexibility to Switch: Real Options Re­visited. In: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncer­tainty: Classical Readings and Recent Contributions. Cambridge/MA 2001, S. 179-197. Kutschker, M./Schmid, S. (2004): Internationales Management. 3. Aufl. Mtinchen, Wien 2004.

Leahy, J./Whited, T. M. (1996): The Effect of Uncertainty on Investment: Some Stylized Facts, hi: Journal of Money, Credit and Banking 28 (1996), S. 64-83.

Lee, T. (2004): Determinants of the Foreign Equity Share of International Joint Ventures. In: Journal of Economic Dynamics & Control 28 (2004), S. 2261-2275.

Leithner, S./Liebler, H. (2001): Die Bedeutung von Realoptionen im M&A-Geschaft. In: Hommel, U./Vollrath, R./Scholich, M. (Hrsg.): Realoptionen in der Unternehmenspraxis: Wert schaffen durch Flexibilitat. Berlin, Heidelberg 2001, S. 131-153.

Leontief, W. (1956): Factor Proportions and the Structure of American Trade: Further Theo­retical and Empirical Analysis, hi: Review of Economics and Statistics 38 (1956), S. 368-407.

Lessard, D. R. (2003): Risk and the Dynamics of Globalization, hi: Birkinshaw, J. et al. (Hrsg.): Future of the Multinational Company. Chichester 2003, S. 76-85.

Levary, R. R./Wan, K. (1999): An Analytic Hierarchy Process Based Simulation Model for Entry Mode Decision Regarding Foreign Direct Investment. In: Omega 27 (1999), S. 661-677.

180 Literaturverzeichnis

Levy, J. B./Yoon, E. (1995): Modelling Global Market Entry Decisions by Fuzzy Logic with an Application to Country Risk Assessment. In: European Journal of Operational Research 82 (1995), S. 53-78.

Li, J. (1995): Foreign Entry and Survival: Effects of Strategic Choices on Performance in In­ternational Markets. In: Strategic Management Journal 16 (1995), S. 333-351.

Li, T./Cavusgil, S. T. (2000): Decomposing the Effects of Market Knowledge Competence in New Product Export. In: European Journal of Marketing 34 (2000), S. 57-79.

Lin, C.-T./Wu, C. R. (2003): Batch Process and Transfer Decisions in Foreign Markets: A Real Options Model. In: Applied Stochastic Models in Business and Industry 19 (2003), S. 121-131.

Lipponer, A. (2002): A "New" Micro Database for German FDI. Working Paper, Deutsche Bundesbank, Frankfurt/Main 2002.

Lipponer, A. (2003): Mikrodatenbank Direktinvestitionsbestande - Handbuch. Working Pa­per, Deutsche Bundesbank, Frankfurt/Main 2003.

Losch, A. (1944): Die raumliche Ordnung der Wirtschaft: Eine Untersuchung liber Standort, Wirtschaftsgebiete und internationalen Handel. Jena 1944.

Lu, J. W./Beamish, P. W. (2001): The Internationalization and Performance of SMEs. In: Strategic Management Journal 22 (2001), S. 565-586.

Lucke, C. (2001): Investitionsprojekte mit mehreren Realoptionen - Bewertung und Analyse. Sternenfels2001.

Luehrman, T. A. (1998a): Strategy as a Portfolio of Real Options. In: Harvard Business Re­view 76 (1998) 5, S. 89-99.

Luehrman, T. A. (1998b): Investment Opportunities as Real Options: Getting Started on the Numbers. In: Harvard Business Review 76 (1998) 4, S. 51-67.

Luo, Y. (1998): Timing of Investment and International Expansion Performance in China. In: Journal of International Business Studies 29 (1998), S. 391-407.

Luo, Y. (1999): Time-based Experience and International Expansion: The Case of an Emerg­ing Economy. In: Journal of Management Studies 36 (1999), S. 505-534.

Luostarinen, R. (1979): Internationalization of the Firm. An Empirical Study of the Interna­tionalization of Firms with Small and Open Domestic Markets with Special Emphasis on La­teral Rigidity as a Behavioral Characteristic in Strategic Decision Making. Helsinki 1979. Macharzina, K. (2002): Internationales Management - Spate Rezeption und steile Entwick-lung. In: Gaugler, E./K6hler, R. (Hrsg.): Entwicklungen der Betriebswirtschaftslehre - 100 Jahre Fachdisziplin - zugleich eine Verlagsgeschichte. Stuttgart 2002, S. 491-508. Macharzina, K./Engelhard, J. (1991): Paradigm Shift in International Business Research: From Partist and Eclectic Approaches to the GAINS Paradigm, hi: Management International Review 31 (1991) Special Issue, S. 23-43.

Literaturverzeichnis 181

Madhok, A. (1998): The Nature of Multinational Firm Boundaries: Transaction Costs, Firm Capabilities and Foreign Market Entry Mode. In: International Business Review 7 (1998), S. 259-290.

Majd, S./Pindyck, R. S. (1987): Time to Build, Option Value, and Investment Decisions. In: Journal of Financial Ecomomics 18 (1987), S. 7-27.

Malhotra, N. K./Agarwal, J./Ulgado, F. M. (2003): Internationalization and Entry Modes: A Multitheoretical Framework and Research Propositions. In: Journal of International Marke­ting 11 (2003) 4, S. 1-31.

Martzoukos, S. H./Trigeorgis, L. (2002): Real (Investment) Options with Multiple Sources of

Rare Events. In: European Journal of Operational Research 136 (2002), S. 696-706.

Mata, J./Portugal, P. (2000): Closure and Divestiture by Foreign Entrants: The Impact of En­

try and Post-entry Strategies. In: Strategic Management Journal 21 (2000), S. 549-562.

McCloughan, P./Stone, I. (1998): Life Duration of Foreign Multinational Subsidiaries: Evi­dence from UK Northern Manufacturing Industry 1970-93. In: International Journal of In­dustrial Organization 16 (1998), S. 719-747.

McDonald, R. L. (2000): Real Options and Rules of Thumb in Capital Budgeting. In: Bren-nan, M. J./Trigeorgis, L. (Hrsg.): Project Flexibility, Agency, and Competition - New Deve­lopments in the Theory and Application of Real Options. New York, Oxford 2000, S. 13-33.

McDonald, R. L./Siegel, D. R. (1985): Investment and the Valuation of Firms when There Is an Option to Shut Down. In: International Economic Review 26 (1985), S. 331-349.

McDonald, R. L./Siegel, D. R. (1986): The Value of Waiting to Invest. In: Quarterly Journal of Economics 101 (1986), S. 707-727.

McGrath, R. G. (1997): A Real Options Logic for Initiating Technology Positioning Invest­ments. hi: Academy of Management Review 22 (1997), S. 974-996.

McGrath, R. G./Nerkar, A. (2004): Real Options Reasoning and a New Look at the R&D In­vestment Strategies of Pharmaceutical Firms. In: Strategic Management Journal 25 (2004), S. 1-21.

McNaughton, R. B. (2000): Determinants of Time-span to Foreign Market Entry. In: Journal of Euromarketing 9 (2000) 2, S. 99-112.

Meldrum, D. H. (2000): Country Risk and Foreign Direct Investment, hi: Business Econo­mics 35 (2000) 1, S. 33-40.

Merton, R. C. (2001): Applications of Options-pricing Theory: Twenty-five Years Later, hi: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncertainty: Clas­sical Readings and Recent Contributions. Cambridge/MA 2001, S. 623-632. Mieghem, J. A. van (2003): Capacity Management, Investment, and Hedging: Review and Recent Developments, hi: Manufacturing & Service Operations Management 5 (2003), S. 269-302.

Miller, K. D. (1992): A Framework for Integrated Risk Management in International Busi­ness. In: Journal of International Business Studies 23 (1992), S. 311-331.

182 Literaturverzeichnis

Miller, K. D. (2002): Knowledge Inventories and Managerial Myopia. In: Strategic Manage­ment Journal 23 (2002), S. 689-706.

Miller, K. D./Shapira, Z. (2004): An Empirical Test of Heuristics and Biases Affecting Real Option Valuation. In: Strategic Management Journal 25 (2004), S. 269-284.

Miller, K. D./Waller, H. G. (2003): Scenarios, Real Options and Integrated Risk Management. In: Long Range Planning 36 (2003), S. 93-107.

Moen, O./Servais, P. (2002): Born Global or Gradual Global? Examining the Export Behavior of Small and Medium-sized Enterprises. In: Journal of International Marketing 10 (2002) 3, S. 49-72.

Moretto, M. (2003): A Note on Optimal Capacity Reduction by a Multiplant Firm: A Real Option Approach. In: Rivista Internazionale di Scienze Economiche e Commerciali 50 (2003), S. 401-413.

Moretto, M./Valbonesi, P. (1999): Foreign Direct Investment, Policy Uncertainty and Irre­versibility: An Option Pricing Approach, hi: Rivista Internazionale di Scienze Economiche e Commerciali 46 (1999), S. 653-675.

Morschett, D. (2005): Einflussfaktoren auf die Wahl einer Markteintrittsstrategie - Eine meta-analytische Untersuchung der Entscheidung zwischen Tochtergesellschaft und Kooperation. Vortragsmanuskript, Jahrestagung der Kommission INT, Bremen 2005. Mostowfi, M. (2000): Bewertung von Unternehmensakquisitionen unter Berucksichtigung von Realoptionen. Frankfurt/Main 2000.

Mudambi, R./Mudambi S. M. (2002): Diversification and Market Entry Choices in the Con­

text of Foreign Direct Investment, hi: International Business Review 11 (2002), S. 35-55.

Mudambi, R./Navarra, P. (2003): Political Tradition, Political Risk and Foreign Direct In­

vestment in Italy. In: Management International Review 43 (2003), S. 247-265.

Miiller, J. (2000): Real Option Valuation in Service Industries. Wiesbaden 2000.

Murto, P./Nasakkala, E./Keppo, J. (2004): Timing of Investments in Oligopoly under Uncer­

tainty: A Framework for Numerical Analysis. In: European Journal of Operational Research

157(2004), S. 486-500.

Myers, S. C. (1977): Determinants of Corporate Borrowing. In: Journal of Financial Eco-momics 5 (1977), S. 147-175.

Myers, S. C./Majd, S. (1990): Abandonment Value and Project Life. In: Advances in Futures and Options Research 1 (1990), S. 1-21.

Naidu, G. M./Prasad, V. K. (1994): Predictors of Export Strategy and Performance of Small-

and Medium-sized Firms, hi: Journal of Business Research 31 (1994), S. 107-115.

Nelson, R./Winter, S. (1982): An Evolutionary Theory of Economic Change. Cambridge/MA

1982.

Newton, D. P./Paxson, D. A./Widdicks, M. (2004): Real R&D Options, hi: International Journal of Management Reviews 5 (2004), S. 113-131.

Literaturverzeichnis 183

Nigh, D. (1985): The Effect of Political Events on United States Direct Foreign Investment: A Pooled Time-series Cross-sectional Analysis. In: Journal of International Business Studies 16 (1985), S. 1-17.

Nippa, M./Petzold, K. (2000): Okonomische Erklarungs- und Gestaltungsbeitrage des Realop-

tionen-Ansatzes. Working Paper 1, Technische Universitat Bergakademie Freiberg 2000.

OECD (Hrsg.) (2004): Main Economic Indicators. Paris 2004.

Ogawa, K./Suzuki, K. (2000): Uncertainty and Investment: Some Evidence from the Panel Data of Japanese Manufacturing Firms, hi: Japanese Economic Review 51 (2000), S. 170-192.

Paddock, J./Siegel, D./Smith, J. (1988): Option Valuation of Claims on Physical Assets: The Case of Offshore Petroleum Leases. In: Quarterly Journal of Economics 103 (1988), S. 479-508.

Pak, Y. S./Park, Y.-R. (2004): Global Ownership Strategy of Japanese Multinational Enter­prises: A Test of Internalization Theory. In: Management International Review 44 (2004), S. 3-21.

Panayi, S./Trigeorgis, L. (1998): Multi-stage Real Options: The Cases of Information Tech­nology Infrastructure and International Bank Expansion. In: The Quarterly Review of Eco­nomics and Finance 38 (1998) Special Issue, S. 675-692.

Parks, T./Flores, F. (2000): An Identification and Clarification of Relevant Market Entry Risk Variables for Multinational Enterprises. In: International Journal of Management 17 (2000), S. 272-282.

Paxson, D. (2001): Real Football Options in Manchester. In: Howell, S. et al. (Hrsg.): Real Options - Evaluating Corporate Investment Opportunities in a Dynamic World. London et al. 2001, S. 95-112.

Pedell, B. (2000): Commitment als Wettbewerbsstrategie. Berlin 2000.

Pedersen, T./Petersen, B. (1998): Explaining Gradually Increasing Resource Commitment to a Foreign Market. In: International Business Review 7 (1998), S. 483-501.

Peemoller, V./Beckmann, C./Kronmuller, A. (2002): Empirische Erhebung zum aktuellen Stand der praktischen Anwendung des Realoptionsansatzes. In: Finanz Betrieb 4 (2002), S. 561-565.

Pennings, E./Lint, O. (2000): Market Entry, Phased Rollout or Abandonment? A Real Option

Approach, hi: European Journal of Operational Research 124 (2000), S. 125-138.

Pennings, E./Sleuwaegen, L. (2000): International Relocation: Firm and Industry Determi­

nants. In: Economic Letters 67 (2000), S. 179-186.

Pennings, E./Sleuwaegen, L. (2004): The Choice and Timing of Foreign Direct Investment

under Uncertainty, hi: Economic Modelling 21 (2004), S. 1101-1116.

Penrose, E. T. (1959): The Theory of the Growth of the Firm. Oxford 1959.

Perlitz, M. (2000): Internationales Management. 4. Aufl. Stuttgart 2000.

184 Literaturverzeichnis

Perlitz, M./Peske, T./Schrank, R. (1999): Real Options Valuation: The New Fontier in R&D Project Evaluation?. In: R&D Management 29 (1999), S. 255-269.

Perridon, L./Steiner, M. (2004): Finanzwirtschaft der Unternehmung. 13. Aufl. Mtinchen 2004.

Peske, T. (2002): Eignung des Realoptionsansatzes fur die Unternehmensfuhrung. Lohmar, Koln 2002.

Peteraf, M. (1993): The Cornerstones of Competitive Advantage: A Resource-based View. In: Strategic Management Journal 14 (1993), S. 179-191.

Petersen, B./Welch, D. E./Welch, L. S. (2000): Creating Meaningful Switching Options in International Operations. In: Long Range Planning 33 (2000), S. 688-705.

Pfhiir, A./Schaefer, C. (2001): Evaluating Corporate Real Estate with Real Options, hi: Fleischmann, B. et al. (Hrsg.): Operations Research Proceedings 2000. Berlin, Heidelberg 2001, S. 188-195.

Pindyck, R. S. (1988): Irreversible Investment, Capacity Choice and the Value of the Firm. hi: American Economic Review 78 (1988), S. 969-985.

Pindyck, R. S. (1991): Irreversibility, Uncertainty, and Investment. In: Journal of Economic

Literature 29 (1991), S. 1110-1148.

Polanyi, M. (1966): The Tacit Dimension. London 1966.

Prahalad, C. K./Hamel, G. (1990): The Core Competence of the Corporation. In: Harvard Business Review 68 (1990) 3, S. 79-91.

Pritsch, G./Schaffer, U. (2001): Realoptionen als Controlling-Instrument in der Pharma-Branche. In: Controlling 13 (2001), S. 23-31.

Pritsch, G./Weber, J. (2003): Die Bedeutung des Realoptionsansatzes aus Controlling-Sicht. In: Hommel, U./Scholich, M./Baecker, P. (Hrsg.): Reale Optionen - Konzepte, Praxis und Perspektiven strategischer Unternehmensfmanzierung. Berlin, Heidelberg 2003, S. 143-172.

Putten, A. B. van/MacMillan, I. C. (2004): Making Real Options Really Work. In: Harvard Business Review 82 (2004) 12, S. 134-141.

Quigg, L. (2001): Empirical Testing of Real Option-pricing Models. In: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions. Cambridge/MA 2001, S. 803-822.

Reid, S. D. (1981): The Decision-maker and Export Entry and Expansion. In: Journal of In­ternational Business Studies 12 (1981), S. 101-112.

Reuer, J. (2002): How Real Are Real Options? The Case of International Joint Ventures. In: Hitt, M. et al. (Hrsg.): Creating Value - Winners in the New Business Environment. Oxford 2002, S. 61-84.

Reuer, J. J./Tong, T. W. (2005): Real Options in International Joint Ventures. In: Journal of Management 31 (2005), im Druck.

Literaturverzeichnis 185

Rhee, J. H./Cheng, J. L. C. (2002): Foreign Market Uncertainty and Incremental International Expansion: The Moderating Effect of Firm, Industry, and Host Country Factors. In: Manage­ment International Review 42 (2002), S. 419-439.

Ricardo, D. (1817): On the Principles of Political Economy and Taxation. London 1817.

Rob, R./Vettas, N. (2003): Foreign Direct Investment and Exports with Growing Demand.

Working Paper, University of Pennsylvania, Philadelphia 2003.

Roberts, K./Weitzman, M. L. (1981): Funding Criteria for Research, Development, and Ex­ploration Projects. In: Econometrica 49 (1981), S. 1261-1287.

Roberts, M. J./Tybout, J. R. (1997): The Decision to Export in Colombia: An Empirical

Model of Entry with Sunk Costs. In: American Economic Review 87 (1997), S. 545-564.

Ronen, S./Shenkar, O. (1985): Clustering Countries on Attitudinal Dimensions: A Review

and Synthesis. In: Academy of Management Review 10 (1985), S. 435-454.

Roth, A. (1999): Der strategische Wert von Auslandsinvestitionen in der Telekommunika-

tionsbranche. In: Giesel, F./Glaum, M. (Hrsg.): Globalisierung - Herausforderung an die Un-

ternehmensfiihrung zu Beginn des 21. Jahrhunderts. Mtinchen 1999, S. 481-500.

Rugman, A. M. (1975): Motives for Foreign Investment: The Market Imperfections and Risk

Diversification Hypotheses. In: Journal of World Trade Law 9 (1975), S. 567-573.

Rugman, A. M. (1980): A New Theory of the Multinational Enterprise: Internationalization

vs. Internalization. In: Columbia Journal of World Business 15 (1980) 1, S. 23-29.

Rugman, A. M. (1986): New Theories of the Multinational Enterprise: An Assessment of In­ternalization Theory. In: Bulletin of Economic Research 38 (1986), S. 101-118.

Sanchez, R. (1997): Preparing for an Uncertain Future - Managing Organizations for Strategic

Flexibility, hi: International Studies of Management and Organization 27 (1997), S. 71-94.

Sarkar, S. (2003): The Effects of Mean Reversion on Investment under Uncertainty. In: Jour­

nal of Economic Dynamics & Control 27 (2003), S. 377-396.

Schafer, H./Schassburger, B. (2003): Bewertung eines Start-up-Unternehmens mit Hilfe des Realoptionsansatzes. hi: Hommel, U./Scholich, M./Baecker, P. (Hrsg.): Reale Optionen -Konzepte, Praxis und Perspektiven strategischer Unternehmensfinanzierung. Berlin, Heidel­berg 2003, S. 283-315.

Schatzki, T. (2003): Options, Uncertainty and Sunk Costs: An Empirical Analysis of Land

Use Change. In: Journal of Environmental Economics and Management 46 (2003), S. 86-105.

Scherm, E./Siifl, S. (2001): Internationales Management: Eine funktionale Perspektive.

Mtinchen 2001.

Schmid, S./Schurig, A. (2003): The Development of Critical Capabilities in Foreign Subsi­diaries: Disentangling the Role of the Subsidiary's Business Network, hi: International Busi­ness Review 12 (2003), S. 755-782.

Schwartz, E. S./Trigeorgis, L. (2001): Real Options and Investment under Uncertainty: An Overview, hi: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Un­certainty: Classical Readings and Recent Contributions. Cambridge/MA 2001, S. 1-16.

186 Literaturverzeichnis

Schwartz, S. H./Bilsky, W. (1990): Toward a Theory of the Universal Content and Structure of Values: Extensions and Cross-cultural Replications. In: Journal of Personality and Social Psychology 58 (1990), S. 878-891.

Shackleton, M. B./Tsekrekos, A. E./Wojakowski, R. (2004): Strategic Entry and Market Leadership in a Two-player Real Options Game. In: Journal of Banking & Finance 28 (2004), S. 179-201.

Shackleton, V./Ali, A. (1990): Work Related Values of Managers: A Test of the Hofstede Model, hi: Journal of Cross-cultural Psychology 21 (1990), S. 109-118.

Shane, S. (1992): Why Do some Societies Invent More than Others?. In: Journal of Business Venturing 7 (1992), S. 29-46.

Shane, S. (1994): The Effect of National Culture on the Choice between Licensing and Direct Foreign Investment. In: Strategic Management Journal 15 (1994), S. 627-642.

Shenkar, O. (2001): Cultural Distance Revisited: Towards a More Rigorous Conceptualiza­tion and Measurement of Cultural Differences. In: Journal of International Business Studies 32(2001), S. 519-535.

Simon, H. A. (1945): Administrative Behavior. A Study of Decision-making Processes in Administrative Organizations. New York 1945.

Slade, M. E. (2001): Valuing Managerial Flexibility: An Application of Real-option Theory to Mining Investments. In: Journal of Environmental Economics and Management 41 (2001), S. 193-233.

Smekal, C./Sausgruber, R. (2000): Determinants of Foreign Direct Investment in Europe, hi:

Chen, J.-R. (Hrsg.): Foreign Direct Investment. New York, London 2000, S. 33-42.

Smit, H. T. J./Trigeorgis, L. (2001): Flexibility and Commitment in Strategic Investment. In:

Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncertainty: Clas­

sical Readings and Recent Contributions. Cambridge/MA 2001, S. 451-498.

Smith, A. (1776): Inquiry into the Nature and Causes of the Wealth of Nations. London 1776.

Smith, P. B. (1996): National Cultures and the Values of Organizational Employees - Time

for Another Look. In: Joynt, P./Warner, M. (Hrsg.): Managing across Cultures - Issues and

Perspectives. London et al. 1996, S. 92-102.

Smith, P. B. et al. (1989): On the Generality of Leadership Measures across Cultures, hi: Journal of Occupational Psychology 62 (1989), S. 97-109.

Song, X. M./di Benedetto, C. A./Zhao, Y. L. (1999): Pioneering Advantages in Manufactu­ring and Service Industries: Empirical Evidence from Nine Countries. In: Strategic Manage­ment Journal 20 (1999), S. 811-836.

Spremann, K. (1999): Realoptionen - Finanzoptionen: Gemeinsamkeiten und Unterschiede. hi: Albach, H. et al. (Hrsg.): Die Theorie der Unternehmung in Forschung und Praxis. Berlin, Heidelberg, New York 1999, S. 409-419.

STATA Press (Hrsg.) (2003): STATA Cross-sectional Time-series Reference Manual. Col­lege Station/TX 2003.

Literaturverzeichnis 187

Steensma, H. K./Lyles, M. A. (2000): Explaining IJV Survival in a Transitional Economy through Social Exchange and Knowledge-based Perspectives. In: Strategic Management Journal 21 (2000), S. 831-851.

Stray, S./Bridgewater, S./Murray, G. (2001): The Internationalisation Process of Small, Tech­nology-based Firms: Market Selection, Mode Choice and Degree of Internationalisation. In: Journal of Global Marketing 15 (2001) 1, S. 7-29.

Sureth, C./Konig, R. (2000): hivestitionen, Realoptionen und Steuern unter Unsicherheit. In: Das Wirtschaftsstudium 29 (2000), S. 79-85.

Tallman, S. B. (1991): Strategic Management Models and Resource-based Strategies among

MNEs in a Host Market. In: Strategic Management Journal 12 (1991), S. 69-82.

Tallman, S. B./Fladmoe-Lindquist, K. (2002): Internationalization, Globalization, and Capa­

bility-based Strategy. In: California Management Review 45 (2002), S. 116-135.

Tan, B./Vertinsky, I. (1996): Foreign Direct Investment by Japanese Electronics Firms in the United States and Canada: Modelling the Timing of Entry. In: Journal of International Busi­ness Studies 27 (1996), S. 655-681.

Tatoglu, E./Glaister, K. W. (1998): An Analysis of Motives for Western FDI in Turkey. In: International Business Review 7 (1998), S. 203-230.

Taylor, C. R./Zou, S./Osland, G. E. (2000): Foreign Market Entry Strategies of Japanese MNCs. In: International Marketing Review 17 (2000), S. 146-163.

Teece, D. J. (1977): The Multinational Corporation and the Resource Cost of International Technology Transfer. Cambridge/MA 1977.

Teece, D. J. (1981): The Multinational Enterprise: Market Failure and Market Power Consi­derations. In: Sloan Management Review 22 (1981) 3, S. 3-17.

Teece, D. J. (1997): Dynamic Capabilities and Strategic Management, hi: Strategic Manage­ment Journal 18 (1997), S. 509-533.

Tesch, P. (1980): Die Bestimmungsgriinde des internationalen Handels und der Direktinvesti-tion. Eine kritische Untersuchung der auBenwirtschaftlichen Theorien und Ansatzpunkte einer standorttheoretischen Erklarung der leistungswirtschaftlichen Auslandsbeziehungen der Un-ternehmen. Berlin 1980.

Tobin, J. (1969): A General Equilibrium Approach To Monetary Theory. In: Journal of Money, Credit & Banking 1 (1969), S. 15-29.

Tomaszewski, C. (2000): Bewerrung strategischer Flexibility beirn Unternehmenserwerb: Der Wertbeitrag von Realoptionen. Frankfurt/Main 2000.

Trevino, L. J./Grosse, R. (2002): An Analysis of Firm-specific Resources and Foreign Direct

Investment in the United States. In: International Business Review 11 (2002), S. 431-452.

Trigeorgis, L. (1993): The Nature of Option Interactions and the Valuation of Investments

with Multiple Real Options. In: Journal of Financial and Quantitative Analysis 28 (1993), S.

1-20.

188 Literaturverzeichnis

Trigeorgis, L. (1996): Real Options: Managerial Flexibility and Strategy in Resource Alloca­tion. Cambridge/MA, London 1996.

Trigeorgis, L./Mason, S. P. (2001): Valuing Managerial Flexibility. In: Schwartz, E. S./Trigeorgis, L. (Hrsg.): Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions. Cambridge/MA 2001, S. 47-60.

Trompenaars, F. (1993): Riding the Waves of Culture. London 1993.

Tsai, M.-T./Cheng, Y.-M. (2002): The Decision Criteria for the Ownership Control Entry Mode for Taiwanese Manufacturing Firms in the United States: An Application of the Logit Model and AHP. In: International Journal of Commerce & Management 12 (2002) 2, S. 45-71.

Tse, D. K./Pan, Y./Au, K. Y. (1997): How MNCs Choose Entry Modes and form Alliances: The China Experience. In: Journal of International Business Studies 28 (1997), S. 779-805.

Tveteras, R./Eide, G. E. (2000): Survival of New Plants in Different Industry Environments in Norwegian Manufacturing: A Semi-proportional Cox Model Approach, hi: Small Business Economics 14 (2000), S. 65-82.

Uhlenbruck, K. (2004): Developing Acquired Foreign Subsidiaries: The Experience of MNEs

in Transition Economies. In: Journal of International Business Studies 35 (2004), S. 109-123.

Unbehauen, H. (2000): Regelungstechnik II - Zustandsregelungen, digitale und nichtlineare

Regelsysteme. 8. Aufl. Braunschweig, Wiesbaden 2000.

Ursacki, T./Vertinsky, I. (1992): Choice of Entry Timing and Scale by Foreign Banks in Ja­pan and Korea, hi: Journal of Banking & Finance 16 (1992), S. 405-421.

Vahlne, J.-E./Nordstrom, K. A. (1993): The Internationalization Process: Impact of Competi­tion and Experience. In: International Trade Journal 7 (1993), S. 529-548. Vannoni, D. (1999): Entries and Exits in Foreign Markets: Italian Firms' Multinational Ex­pansion in the European Union. In: International Journal of the Economics of Business 6 (1999), S. 181-196.

Vassolo, R. S./Anand, J./Folta, T. B. (2004): Non-addititivity in Portfolios of Exploration Activities: A Real Options-based Analysis of Equity Alliances in Biotechnology. In: Strategic Management Journal 25 (2004), S. 1045-1061.

Vermeulen, F./Barkema, H. (2002): Pace, Rhythm, and Scope: Process Dependence in Buil­ding a Profitable Multinational Corporation. In: Strategic Management Journal 23 (2002), S. 637-653.

Vernon, R. (1966): International Investment and International Trade in the Product Cycle. In: Quarterly Journal of Economics 80 (1966), S. 190-207.

Vollrath, R. (2003): Die Berueksichtigung von Handlungsflexibilitat bei Investitionsentschei-dungen - Eine empirische Untersuchung. In: Hommel, U./Scholich, M./Baecker, P. (Hrsg.): Reale Optionen - Konzepte, Praxis und Perspektiven strategischer Unternehmensfmanzierung. Berlin, Heidelberg 2003, S. 342-373.

Literaturverzeichnis 189

Wagner, H. (2004): Internationalization Speed and Cost Efficiency: Evidence from Germany. In: International Business Review 13 (2004), S. 447-463.

Weeds, H. (2000): Strategic Delay in a Real Options Model of R&D Competition. Working Paper 576, University of Warwick 2000.

Welch, L./Luostarinen, R. (1988): Internationalization. Evolution of a Concept. In: Journal of General Management 14 (1988), S. 34-55.

Welge, M. K./Holtbrugge, D. (2003): Internationales Management. 3. Aufl. Stuttgart 2003.

Wernerfelt, B. (1984): A Resource-based View of the Firm. In: Strategic Management Journal 5 (1984), S. 171-180.

White, R. E./Pointer, T. A. (1990): Organizing for World-wide Advantage. In: Bartlett, C. A./Doz, Y. L./Hedlund, G. (Hrsg.): Managing the Global Firm. London, New York 1990, S. 95-113.

Williamson, O. E. (1975): Markets and Hierarchies - Analysis and Antitrust Implications. New York 1975.

Williamson, O. E. (1985): The Economic Institutions of Capitalism. New York 1985.

Williamson, P. J. (2003): Rejuvenation Revisited: Identifying and Managing Strategy Decay and Innovation. In: Birkinshaw, J. et al. (Hrsg.): Future of the Multinational Company. Chi­chester 2003, S. 194-210.

Witt, P. (2003): Die Bedeutung des Realoptionsansatzes fur Griindungsunternehmen. In: Hommel, U./Scholich, M./Baecker, P. (Hrsg.): Reale Optionen - Konzepte, Praxis und Per-spektiven strategischer Unternehmensfinanzierung. Berlin, Heidelberg 2003, S. 121-141. Wooldridge, J. M. (2003): Introductory Econometrics: A Modern Approach. 2. Aufl. Ma-son/OH2003.

Worner, S. D./Grupp, H. (2003): The Derivation of R&D Return Indicators within a Real Op­tions Framework, hi: R&D Management 33 (2003), S. 313-325.

Xu, D./Shenkar, O. (2002): Institutional Distance and the Multinational Enterprise, hi: Aca­demy of Management Review 27 (2002), S. 608-618.

Yamawaki, H./Audretsch, D. B. (1988): Import Share under International Oligopoly with Dif­ferentiated Products: Japanese Imports in U. S. Manufacturing. In: The Review of Economics and Statistics 70 (1988), S. 569-579.

Yao, J./Jaafari, A. (2003): Combining Real Options and Decision Tree: An Integrative Ap­proach for Project Investment Decisions and Risk Management, hi: Journal of Structured and Project Finance 9 (2003) 3, S. 53-70.

Zaby, A. M./Rumpf, M. (1998): Das eklektische Paradigma. In: Das Wirtschaftsstudium 27 (1998), S. 146-148.

Zhao, H./Luo, Y./Suh, T. (2004): Transaction Cost Determinants and Ownership-based Entry Mode Choice: A Meta-analytical Review. In: Journal of International Business Studies 35 (2004), S. 524-544.