Vertical integration : a real options approach
Koussis, Nicos (Frederick University Cyprus)
Silaghi, Florina (Universitat Autònoma de Barcelona.)

Publicació:	Routledge, 2022
Descripció:	6 pàg.
Resum:	We develop a theoretical real options model and explore the trade-off between vertical integration and external procurement. In contrast to transaction cost theory, we show that higher volatility in the downstream market reduces the likelihood to switch to internal production. We also analyse the decision to acquire the supplier and provide novel predictions on the acquisition likelihood and premium contributing to studies relating to vertical M&As.
Ajuts:	Ministerio de Ciencia e Innovación PID2020-114460GB-C31
Drets:	Tots els drets reservats.
Llengua:	Anglès
Document:	Article ; recerca ; Versió de l'autor
Matèria:	Vertical integration ; Real options ; Optimal timing ; Acquisition ; Supply Chain
Publicat a:	Applied Economics Letters, Vol. 30, Num.19(2022),p.2758-2764, ISSN 1466-4291

DOI: 10.1080/13504851.2022.2107159

Preprint 13 p, 653.1 KB

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