Exercising a firm’s growth options: A portfolio approach

•The hedging potential of GO from prior explorative investments.•The portfolio of businesses as a basis of analysis for the decision to exercise GO.•A firm’s level of diversification deters GO exercise.•The average volatility of a firm’s current businesses discourages GO exercise.•Relatedness and ri...

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Bibliographic Details
Published in:	Journal of business research Vol. 132; pp. 571 - 585
Main Authors:	Andrés, Pablo de, Fuente, Gabriel de la, Velasco, Pilar
Format:	Journal Article
Language:	English
Published:	Elsevier Inc 01.08.2021 Elsevier B.V
Subjects:	Hedging (Finance) Investment strategy Opportunity exploitation Options (Finance) Options exercise Portfolio of businesses Real options Portfolio of businesses D22 Opportunity exploitation G32 C25 Investment strategy Real options Options exercise L25
ISSN:	0148-2963
Online Access:	Get full text
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