Strategic Investment: Real Options and Games Han T. J. Smit and Lenos Trigeorgis is an English-language textbook focused on strategic investments. The book provides an extensive analysis of real options and games as valuable tools in corporate finance and strategy.
It covers the integration of real options and game theory to support investment decisions within a competitive market context. With practical examples from sectors such as high-tech R&D, infrastructure, and oil exploration, it offers concrete insight into when investing early or delaying is optimal, as well as the valuation of growth opportunities.
The authors present a clear framework that links strategic choices to financial valuation methods. This makes the book suitable for professionals and students in higher education who are engaged in corporate finance, strategic management, and investment analysis.
Strategic Investment combines theory and practice in an innovative way. The book helps to make strategic decisions concrete by highlighting the synergy between real options and strategic game models. This makes it a valuable source for anyone exploring the complexity of investment strategies and competitive behavior.
In terms of content, it aligns with topics such as budgeting and financial management within the business & economics field.