Диссертация (1151064), страница 33
Текст из файла (страница 33)
Testing the waters: using collective real options to manage thesocial dilemma of strategic alliances / M.W. McCarter, J.T. Mahoney, G.B.Northcraft // Academy of Management Review. – 2011. – Vol. 36, No. 4. – С.621–640.178176. McDonald, R. The Value of Waiting to Invest / R. McDonald, D. Siegel // TheQuarterly Journal of Economics. – 1986. – Vol. 101, No.
4 (November). – С. 707–727.177. McFarlan, F.W. Portfolio approach to information systems / F.W. McFarlan //Harvard Business Review. – 1981. – Vol. 59, Issue 5 (September-October). – С.142–150.178. Merton, R.C. The Theory of Rational Option Pricing / R.C. Merton // Bell Journalof Economics and Management Science. – 1973. – Vol. 4, No. 1 (Spring). – С.141-183.179.
Miller, M.H. The History of Finance: An Eyewitness Account / M.H. Miller //Journal of Applied Corporate Finance. – 2000. – Volume 13, Number 2 (Summer).– С. 8-14.180. Moel, A. When Are Real Options Exercised? An Empirical Study of MineClosings / A. Moel, P. Tufano // The Review of Financial Studies. – 2002. – Vol.15, No. 1.
(Spring). – С. 35-64.181. Moon, M. Evaluating research and development investments in innovation,infrastructure, and strategic options / M. Moon, E.S. Schwartz. – in ProjectFlexibility, Agency and Competition: New Developments in the Theory andApplication of Real Options / eds. M.J. Brennan, L.
Trigeorgis. – Oxford: OxfordUniversity Press, 2000. – С. 85–106.182. Moretto, M. Competition and irreversible investments under uncertainty / M.Moretto // Information Economics and Policy. – 2008. – No. 20. – С. 75–88.183. Muharam, F.M. Assessing Risk for Strategy Formulation in Steel Industry throughReal Option Analysis / F.M. Muharam // Procedia Social and Behavioral Sciences.– 2011.
– No. 24. – С. 991–1002.184. Myers, S.C. Determinants of corporate borrowing / S.C. Myers // Journal ofFinancial Economics. – 1977. – Volume 5, Issue 2 (November). – С. 147-175.185. Nau, R.F. Valuing Risky Projects: Option Pricing Theory and Decision Analysis /R.F. Nau, J.E. Smith // Management Science. – 1995. – Vol. 41, No. 5 (May). – С.795-816.179186. Norton III, G.M. Valuation: Maximizing Corporate Value / G.M.
Norton III. –Canada: John Wiley & Sons, Inc., 2008. – 214 c.187. O’Brien, J. Sunk costs, uncertainty and market exit: A real options perspective / J.O’Brien, T. Folta // Industrial and Corporate Change. – 2009. – Volume 18,Number 5. – С. 807–833.188. Parr, T. Enterprise Programme Management: Delivering Value / T. Parr, D.Williams. – UK: Palgrave Macmillan, 2004. – 256 c.189.
Pawlina, G. Strategic Quality Choice Under Uncertainty: A Real OptionsApproach / G. Pawlina, P.M. Kort // The Manchester School. – 2010. – Vol. 78,No. 1 (January). – С. 1–19.190. Pennings, E. Privatization of real options / E. Pennings // Journal of ComparativeEconomics. – 2008. – No. 36. – С. 489–497.191. Pindyck, R.S. Irreversibility, Uncertainty, and Investment / R.S. Pindyck // Journalof Economic Literature. – 1991. – Vol.
29, No. 3 (September). – С. 1110–1148.192. Pindyck, R.S. Investments Under Uncertain Cost / R.S. Pindyck // Journal ofFinancial Economics. – 1993. – No. 34 (August). – С. 53-76.193. Rappaport, A. Creating Shareholder Value: A Guide for Managers and Investors /A. Rappaport. – New York: The Free Press, a Division of Simon & Schuster Inc.1998. – 224 c.194.
Rogers E. M. Diffusion of Innovation. 5th ed. – New York: Free Press, 2003. – 552c.195. Samuelson, P.A. Proof That Properly Anticipated Prices Fluctuate Randomly /P.A. Samuelson // Industrial Management Review. – 1965. – Vol. 6, No. 2(Spring). – C. 41-49.196. Samuelson, P.A. Proof That Properly Discounted Present Values of Assets VibrateRandomly / P.A. Samuelson // The Bell Journal of Economics and ManagementScience.
– 1973. – Vol. 4, No. 2. (Autumn). – С. 369-374.197. Shibata, T. The impacts of uncertainties in a real options model under incompleteinformation / T. Shibata// European Journal of Operational Research. – 2008. – No.187. – С. 1368–1379.180198. Smit, H.T.J. Real options and games: Competition, alliances and other applicationsof valuation and strategy / H.T.J.
Smit, L. Trigeorgis // Review of FinancialEconomics. – 2006. – №15. – С. 95–112.199. Smit, H.T.J. Strategic Investment: Real Options and Games / H.T.J. Smit, L.Trigeorgis. – New Jersey: Princeton University Press, 2004. – 492 c.200. Solow, R.M. A Contribution to the Theory of Economic Growth / R.M. Solow //Quarterly Journal of Economics. – 1956. – Vol. 70 (February). – С. 65-94.201. Solow, R.M. Technical Change and the Aggregate Production Function / R.M.Solow // Review of Economics and Statistics. – 1957.
– 39. – С. 312-320.202. Stark, A.W. Real Options, (Dis)Investment Decision-Making and AccountingMeasures of Performance / A.W. Stark // Journal of Business Finance andAccounting. – 2000. – 27(3)&(4) (April/May). – С. 313-331.203. Tamayo, I. The moderating effect of innovative capacity on the relationshipbetween real options and strategic flexibility / I. Tamayo, A. Ruiz-Moreno, A.J.Verdu // Industrial Marketing Management. – 2010. – Volume 39, Issue 7(October). – С. 1120–1127.204. Tamayo-Torres, I.
The moderating effect of environmental uncertainty on therelationship between real options and technological innovation in high-tech firms /I. Tamayo-Torres, I. Tamayo, A. Ruiz-Moreno, A.J. Verdu // Technovation. –2012. – No. 32. – С. 579–590.205.
Tanguturi, V.P. Migration to 3G wireless broadband internet and real options: thecase of an operator in India / V.P. Tanguturi, F.C. Harmantzis //Telecommunications Policy. – 2006. – No. 30. – С. 400–419.206. Taylor, J. Managing Information Technology Projects: Applying ProjectManagement Strategies to Software, Hardware, and Integration Initiatives / J.Taylor. – USA: AMACOM, 2004. – 304 c.207.
The Oxford Handbook of Innovation Management / Edited by M. Dodgson, D. M.Gann, N. Phillips. – Oxford: Oxford University Press, 2014. – 718 c.208. Titman, S. Urban Land Prices Under Uncertainty / S. Titman // AmericanEconomic Review. – 1985. – Vol. 75, No. 3 (June). – С. 505–514.181209. Trigeorgis, L. Real Options: Managerial Flexibility and Strategy in ResourceAllocation / L.
Trigeorgis. – Cambridge, Massachusetts: The MIT Press, 1998. –444 c.210. Trigeorgis, L. The Nature of Option Interactions and the Valuation of Investmentswith Multiple Real Options / L. Trigeorgis // The Journal of Financial andQuantitative Analysis. – 1993. – Vol. 28, No. 1 (March). – С. 1-20.211. Wang, J. A fuzzy set approach for R&D portfolio selection using a real optionsvaluation model / J. Wang, W.-L. Hwang // Omega.
– 2007. – No. 35. – С. 247 –257.212. Wickham, P.A. Strategic Entrepreneurship / P.A. Wickham. – UK: Prentice Hall,2004. – 648 c.213. Wu, L.-C. Management of information technology investment: а framework basedon a Real Options and Mean-Variance theory perspective / L.-C. Wu, C.-S. Ong //Technovation. – 2008. – No. 28. – С. 122–134.214. Wystup, U. FX Options and Structured Products / U. Wystup.
– England: JohnWiley & Sons Ltd., 2006. – 340 с.215. You, C.J. A real option theoretic fuzzy evaluation model for enterprise resourceplanning investment / C.J. You, C.K.M. Lee, S.L. Chen, R.J. Jiao // Journal ofEngineering and Technology Management. – 2012. – No. 29. – С. 47–61.216. Lan, Y.-W. Advancement to the Real Option Models in Valuing R&D / Y.-W. Lan// International Journal of Business. – 2011. – 16(1).
– С. 25-34.217. Zhang, P.G. Exotic Options: a Guide to Second Generation Options / P.G. Zhang.– Singapore: World Scientific Publishing Co. Pte. Ltd., 1998. – 724 c.182СПИСОК ИЛЛЮСТРАТИВНОГО МАТЕРИАЛАСписок рисунков:Рисунок 1 – Зависимость цены опциона от цены базового актива .......................... 31Рисунок 2 – Виды риска и методы оценки стоимости .............................................. 46Рисунок 3 – Использование реальных опционов на разных стадияхинновационного процесса ............................................................................................
53Рисунок 4 – Алгоритм обоснования инновационно-инвестиционных проектов совстроенными реальными опционами ........................................................................ 106Рисунок 5 – Изменение сегодняшней стоимости проекта во времени, млн. руб. 144Рисунок 6 – Результаты оценки среднеквадратического отклонения доходностипроекта .......................................................................................................................... 145Рисунок 7 – Дерево событий проекта, млн.
руб. ...................................................... 147Рисунок 8 – Дерево событий проекта со встроенными опционами, млн. руб. ..... 150Рисунок 9 – Карта реализации опционов .................................................................. 153Список таблиц:Таблица 1 – Сравнение типов реальных опционов, выделяемых разнымиавторами. ........................................................................................................................ 57Таблица 2 – Система классификация реальных опционов на стороне активов. ....
60Таблица 3 – Изменение управленческих документов инновационного проекта привнедрении реальных опционов .................................................................................. 124Таблица 4 – Соответствие методов составления расписания инновационногопроекта и связанных с ним реальных опционов ...................................................... 125183Таблица 5 – Сравнительные характеристики распространенных технологийсейсморазведки шельфа. .............................................................................................
136Таблица 6 – Принадлежность объектов интеллектуальной собственности.......... 137Таблица 7 – Принадлежность объектов интеллектуальной собственности.......... 137Таблица 8 – Прогноз денежных потоков инновационно-инвестиционного проекта....................................................................................................................................... 141Таблица 9 – Основные экономические показатели проекта ................................... 142.