Dangers of a financial approach of the real options
Les dangers d'une approche financière des options réelles
Thierry Burger-Helmchen
Post-Print from HAL
Abstract:
This work proposes an explanation of the origin of the real options. After a reminder of the notion of options chain, including the advantages and the drawbacks of the most recent developments, we describe the origin of the real options in the processes of decision through the notions of entrepreneurship and potential options. This theoretical approach is illustrated by an application on the game software industry. The article concludes on the reasons why it would be advantageous for the real options theory to rely less on a purely financial approach and take into account considerations belonging to theories of the firm.
Keywords: Options; Financial risk; Entrepreneurship; Computer software industry; Decision making; Risque financier; Logique d'entreprise; Prise de décisions; Industrie des logiciels d'ordinateur (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:
Published in Revue Française de Gestion, 2007, 1 (170), pp.59-74. ⟨10.3166/rfg.170.59-74⟩
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
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-02302930
DOI: 10.3166/rfg.170.59-74
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().