title: A real options model for analysis of industrial R&D expenditures
metadata.name: dc.contributor.author
metadata.value: Bukhvalov, A. V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Loukianova, A. E.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Nikulin, E. D.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Okulov, V. L.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2018-10-23T16:38:23Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2018-10-23T16:38:23Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2018-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Bukhvalov A. V., Loukianova A. E., Nikulin E. D., Okulov V. L. 2018. A real options model for analysis of industrial R&D expenditures. Russian Management Journal 16 (3): 393– 406.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/spbu18.2018.304
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15000
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The objective of this paper is to develop the model that can be used to explain the amount
  of research and development (R&D) expenditures of large and mature companies. The research
  methodology is based on real options approach. We model companies’ R&D expenditures
  as payments for the real option, which is the right of a company to invest in real
  assets in the future, and therefore to ensure business development. The main result is
  a valuation model, which includes several relevant factors. While existing research papers
  apply real options approach mostly to the R&D projects of particular companies or within
  particular industries and situations, the current paper applies the corresponding methodology
  in general and aggregated setting. We hope that it will contribute to understanding of
  R&D intensity in large innovative companies.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: Research was conducted with financial support from the grant provided by St. Petersburg University (project
  No. 16.23.1460.2017).
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Russian Management Journal;Volume 16; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: R&D expenditures
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: R&D projects portfolio
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: real option approach
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: volatility of company value
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: A real options model for analysis of industrial R&D expenditures
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 04-Bukhvalov.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15000/1/04-Bukhvalov.pdf
resources.format: Adobe PDF
resources.size: 200,84 kB