Issue |
SHS Web of Conferences
Volume 7, 2014
ICMETM 2014 - International Conference on Modern Economic Technology and Management
|
|
---|---|---|
Article Number | 01004 | |
Number of page(s) | 7 | |
Section | Economic Technology | |
DOI | https://doi.org/10.1051/shsconf/20140701004 | |
Published online | 20 May 2014 |
The Decision of Enterprises during the Process of Technological Innovation Diffusion Based on Real Option Theory
Business School, Central South University, 410083 Changsha Hunan, China
Based on real option theory, the article analyses the decision-making of enterprises during the process of technological innovation diffusion under an uncertain circumstance. Under the assumption that the returns of enterprises follow geometric Brownian motion, the article firstly estimates the transition value of imitating technology innovators and the average latency of imitation, then it analyses the influence of every parameter on the diffusion process. It can be concluded that both the market demand and the rate have significant effects on the diffusion rate of innovative technology.
Key words: technological innovation / technological innovation diffusion / real option / geometric brownian motion
© Owned by the authors, published by EDP Sciences, 2014
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.