Research summary: T his article provides a review of real options theory (ROT) in strategic
management research. We review the fundamentals of ROT and provide a taxonomy of this …

Purpose Historically, investments in innovation are perceived as one of the paramount
decisions businesses opt to thrive and the impact of such investments on businesses' market …

This paper contributes to the debate on the role of real options theory in business strategy
and organizational decision‐making. It analyses and critiques the decision‐making and …

Research summary: U‐and inverted U‐shaped relationships are increasingly explored in
strategy research, with 11 percent of all articles published in S trategic M anagement J …

Exogenous shocks have long been a feature of the global economy, yet they have become
particularly salient in recent years. This Special Issue of the Journal of World Business …

How gender diversity affects the innovation performance under different innovation contexts
has been a complex and unsolved puzzle in the innovation literature. This study aims to …

Recently, the level of climate change has substantially been rising; relatively not much is
known on 'how'companies alter the association between their environmental performance …

A common perspective is that consistent R&D investment facilitates innovation, while volatile
spending implies myopic decision making. However, the benefits to exploiting extant …

Research summary: Cash can create shareholder value when used for adaptation to
unfolding contingencies, but can also reduce value when appropriated by other …

This study examines whether the influence of family ownership on R&D investment varies
depending on growth opportunities and business group membership. Using data on Korean …