Option chain and change management: A structural equation application

Thierry Burger-Helmchen

Post-Print from HAL

Abstract: Building on concepts from a resource-based view of a firm and real option theory we propose a model that describes the links between a firm options development and the expected profitability. Empirical results of structural equation models on the video-game industry indicate that (i) the balance between industry innovativeness and firm innovativeness affects the perception of potential option, (ii) the industry threats and firm competences mediate the transformation of real option into profitable product, (iii) the strategic choice of project to be developed in a creative industry can be satisfactorily modelled by the option chain model.

Keywords: Innovation and change management; Real options; Structural equation analysis; Video-game industry (search for similar items in EconPapers)
Date: 2009-06
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in European Management Journal, 2009, 27 (3), pp.176-186. ⟨10.1016/j.emj.2008.08.004⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Option chain and change management: A structural equation application (2009)
Working Paper: Option chain and change management: a structural equation application (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02302864

DOI: 10.1016/j.emj.2008.08.004

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().