debuts of the month
Search our site
Persons Unknown by Susie Steiner Read the opening extract of the brand new Susie Steiner book before its publication on 05/04/2018

Strategic Investment Real Options and Games by Han T. J. Smit, Lenos Trigeorgis

Strategic Investment Real Options and Games



Strategic Investment Real Options and Games by Han T. J. Smit, Lenos Trigeorgis

Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike.


Winner of the 2004 Award for Best Professional/Scholarly Book in Business, Management, and Accounting, Association of American Publishers

About the Author

Han T. J. Smit is HAL Professor of Private Equity at Erasmus University in Rotterdam. Lenos Trigeorgis has been the Bank of Cyprus Chair Professor of Finance at the University of Cyprus and Visiting Professor of Finance at the University of Chicago. His book Real Options is a classic in the field.

More books by this author
Author 'Like for Like' recommendations

Loading other formats...

Book Info

Publication date

25th June 2004


Han T. J. Smit, Lenos Trigeorgis

More books by Han T. J. Smit, Lenos Trigeorgis
Author 'Like for Like'


Princeton University Press


504 pages





It is a website dedicated to those who adore reading It really is a one stop shop for book lovers. Love it!

Edel Waugh

I love reading because my cares & woes vanish for an hour or two whilst I read of the joys, adventures, lives of the characters in the book.

Jennifer Moville

It's a lively, independent website with reviews, recommendations and more - with a huge range of books available to buy in all formats.

Alison Layland

Lovereading does a stella job in promoting both new and established authors.

Iris Clements

Lovereading is not only an amazing site, but it's one of my very favourites. It's like visiting a fascinating bookstore, but better.

Rebecca Jayne Barrett

It's information about new books so, for a book lover like me, what's not to like!

Joan Hill

The books for review are always great reads, brilliantly written, and introduces me to a huge variety of, established and new, authors.

Lesley Hart

Lovereading always comes up with great suggestions and has introduced me to enjoyable books and new authors to discover.

Gaynor Passmore