TY  - JOUR
A1  - Gorupec, Natalia
A1  - Brehmer, Nataliia
A1  - Tiberius, Victor
A1  - Kraus, Sascha
T1  - Tackling uncertain future scenarios with real options
BT  - a review and research framework
JF  - The Irish journal of management
N2  - Real options are widely applied in strategic and operational decision-making, allowing for managerial flexibility in uncertaincontexts. Increased scholarly interest has led to an extensive but fragmented research landscape. We aim to measure andsystematize the research field quantitatively. To achieve this goal, we conduct bibliometric performance analyses and bibliographiccoupling analyses with an in-depth content review. The results of the performance analyses show an increasing interest in realoptions since the beginning of the 2000s and identify the most influential journals and authors. The science mappings reveal sixand seven research clusters over the last two decades. Based on an in-depth analysis of their themes, we develop a researchframework comprising antecedents, application areas, internal and external contingencies, and uncertainty resolution throughreal option valuation or reasoning. We identify several gaps in that framework, which we propose to tackle in future research.
KW  - bibliometric analysis
KW  - decision processes
KW  - real options
KW  - research framework
Y1  - 2022
U6  - https://doi.org/10.2478/ijm-2022-0003
SN  - 1649-248X
SN  - 2451-2834
VL  - 41
IS  - 1
SP  - 69
EP  - 88
PB  - Sciendo
CY  - Warsaw
ER  -