实物期权理论——跨国公司理论研究的新视角
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外国经济与管理 2006 年 第 28 卷第 10 期, 页码：43 - 50
摘要
参考文献
摘要
本文对跨国公司全球投资的特点和趋势以及传统跨国公司理论的局限性进行了分析,在考察了实物期权理论的特征及其在跨国投资中的应用以后指出,可以对实物期权理论进行扩展,并使之成为跨国公司研究的理论新视角。最后,文章用跨国公司在华投资的发展和变化状况直接证明了这一理论的解释力。
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[2]Merton,C Robert.Application of option-pricing theory:twenty-five years later[J].The American Economic Review,1998,88(3):323-349.
[3]Myers,C Stewart.Finance theory and financial strategy[J].Interfaces,1984,14(1):126-137.
[4]Barwise,Patrick,and Marsh R Paul,et al.Must finance and strategy clash?[J].Harvard Business Review,1989,67(5):85-90.
[5]马莎.阿姆拉姆,纳林.库拉蒂拉卡著;张维等译.实物期权:不确定性环境下的战略投资管理[M].北京:机械工业出版社,2001.
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[7]Buckley Adrian.International capital budgeting,real operating options and FDI[J].Managerial Finance,1996,22(1):19-40.
[8]Kogut Bruce,and Kulatilaka Nalin.Operating flexibility,global manufacturing,and the option value of a multinationalnetwork[J].Management Science,1994,40(1):123-139.
[9]Kogut,Bruce.International business:the new bottom line[J].Foreign Policy,1998,110(Spri.):152-165.
[10]Nordal,B Kjell.Country risk,country risk indices and valuation of FDI:a real option approach[J].Emerging MarketsReview,2001,2(3):197-217.
[11]Clark Ephraim,and Tunaru Radu.Quantification of political risk with multiple dependent sources[J].Journal of Eco-nomics and Finance,2003,27(2):125-135.
[12]Sung Hongmo,and Lapan E Harvey.Strategic foreign direct investment and exchange rate uncertainty[J].Internation-al Economic Review,2000,41(2):411-423.
[13]Campa M Jose.Entry by foreign firms in the United States under exchange rate uncertainty[J].The Review of Econom-ics and Statistics,1993,75(4):614-622.
[14]Kulatilaka Nalin,and Kogut Bruce.Direct investment,hysteresis,and real exchange rate volatility[J].Journal of Japa-nese and International Economics,1996,10(1):12-36.
[15]Pull Kerstin.The comparative attractiveness of international business locations:the role of labor law[J].ManagementDecision,2002,40(7):647-654.
引用本文
赵明, 金芳. 实物期权理论——跨国公司理论研究的新视角[J]. 外国经济与管理, 2006, 28(10): 43–50.
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