The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
Entry in the presence of dueling options
Abstract
This paper investigates the influence of industry uncertainty on the decision by established firms to enter a new industry. Specifically, we examine the tension between the option to defer , which discourages entry in the presence of uncertainty, and the option to grow , which may encourage entry in the presence of uncertainty when there are early mover advantages. Empirical analysis on data from a broad array of industries revealed that the effect of uncertainty on entry is not monotonic. Our findings are the first to find support for the nonmonotonic effect of uncertainty that has only recently emerged in theoretical treatments of real options theory, and amplify the importance of considering both the option to defer and the option to grow when contemplating entry. Furthermore, we found evidence that the relationship between uncertainty and entry is moderated by: (a) irreversibility, which influences the value of the option to defer; (b) the total value of growth opportunities; and (c) early mover advantages, which magnify the value of growth options. Copyright © 2003 John Wiley & Sons, Ltd.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Generalized autoregressive conditional heteroskedasticity
Bollerslev, T. (1986) · Journal of Econometrics · doi:10.1016/0304-4076(86)90063-1 · Cited by 22,254
Determinants of corporate borrowing
Myers, S. C. (1977) · Journal of Financial Economics · doi:10.1016/0304-405x(77)90015-0 · Cited by 13,169
Schwartz, E. S., Dixit, A. K., & Pindyck, R. S. (1994) · The Journal of Finance · doi:10.2307/2329279 · Cited by 9,498
Dixit, R. K., & Pindyck, R. S. (1994) · doi:10.1515/9781400830176 · Cited by 9,029
What Do We Know about Capital Structure? Some Evidence from International Data
RAJAN, R. G., & ZINGALES, L. (1995) · The Journal of Finance · doi:10.1111/j.1540-6261.1995.tb05184.x · Cited by 6,538
The Determinants of Capital Structure Choice
TITMAN, S., & WESSELS, R. (1988) · The Journal of Finance · doi:10.1111/j.1540-6261.1988.tb02585.x · Cited by 6,112 · cited 2×
“Following precedent, including Friend and Lang (1988), Titman and Wessels (1988), Gompers (1995), and Rajan and Zingales (1995), we measure Intangible for each industry by the median value of the ratio of intangible assets to total assets for all firms in that industry in the previous year.”
BackgroundMethodApplied Linear Regression Models
(1997) · Technometrics · doi:10.1080/00401706.1997.10485142 · Cited by 4,615
Lieberman, M. B., & Montgomery, D. B. (1988) · Strategic Management Journal · doi:10.1002/smj.4250090706 · Cited by 3,637
The Value of Waiting to Invest
McDonald, R., & Siegel, D. (1986) · The Quarterly Journal of Economics · doi:10.2307/1884175 · Cited by 3,596
The resource‐based view within the conversation of strategic management
Mahoney, J. T., & Pandian, J. R. (1992) · Strategic Management Journal · doi:10.1002/smj.4250130505 · Cited by 3,392
Cited by
The use of logit and probit models in strategic management research: Critical issues
Hoetker, G. (2007) · Strategic Management Journal · doi:10.1002/smj.582 · Cited by 1,519
Push and pull factors in international franchising
Madanoglu, M., Alon, I., & Shoham, A. (2017) · International Marketing Review · doi:10.1108/imr-03-2015-0037 · Cited by 59
Metadata
- Authors
- Folta, T. B., & O'Brien, J. P.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2003-11-04
- Volume
- 25
- Issue
- 2
- Pages
- 121-138
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2081142080
- Cited by
- 320
- References
- 47
- FWCI
- 7.18
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Entry in the presence of dueling options. https://app.cochat.ai/papers/10.1002/smj.368
- The paper
- Folta, T. B., & O'Brien, J. P. (2004). Entry in the presence of dueling options. Strategic Management Journal. https://doi.org/10.1002/smj.368
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
