• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Information management & computer security >Escalation And Premature termination In Mis Projects: The Role Of Real Options
【24h】

Escalation And Premature termination In Mis Projects: The Role Of Real Options

机译：Mis项目中的升级和过早终止：实物期权的作用

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Purpose - The purpose of this paper is to examine how the real option theory is applicable to evaluation of cases of escalation and premature termination of Management Information Systems (MIS) projects. Design/methodology/approach - The paper compares the implications of psychological and economic escalation theories with lessons from the real option theory as applied to MIS projects. Then, it examines published case studies, and discuss when project continuation enhances and reduces value for the manager and the firm. Findings - Escalation of commitment is continuation of an investment project after receiving negative signals. Escalation was identified as a significant problem in MIS projects often explained by the desire of the manager to avoid recognizing mistakes and to protect reputation. The opposite problem of premature termination of certain investment projects was also identified. This study argues that accurate application of real option theory is critical to distinguish between escalation and premature termination. Under the real option theory, an investment project is analogous to a financial option, in that there is an opportunity to continue the project, but no obligation. Continuation has value when there is uncertainty and new information about the project may be revealed. Failure to account for the real options in a project is value-reducing as it may lead to mistakes in premature termination of projects when projects with real option value are labeled as cases of irrational escalation. Practical implications - The paper details the implications of real option theory to evaluating project continuation in the MIS setting. Originality/value - This paper applies insights from real option theory to studies of escalation in MIS. Continuing a project may be seen as escalation when it actually has value for the firm, as new information received by continuing the project reduces uncertainty.
机译：目的-本文的目的是研究实物期权理论如何应用于评估管理信息系统（MIS）项目的升级和过早终止的案例。设计/方法/方法-本文将心理和经济升级理论的含义与应用于MIS项目的实物期权理论的经验进行了比较。然后，它审查了已发表的案例研究，并讨论了项目延续何时能增加和减少经理和公司的价值。调查结果-承诺升级是在收到负面信号后投资项目的延续。升级被认为是MIS项目中的一个重大问题，通常是经理希望避免识别错误并保护声誉的原因所致。还发现了某些投资项目过早终止的相反问题。这项研究认为，实物期权理论的正确应用对于区分升级和过早终止至关重要。根据实物期权理论，投资项目类似于财务期权，因为有机会继续进行该项目，但没有义务。当存在不确定性并且可能会透露有关该项目的新信息时，继续具有价值。如果在项目中将实物期权的价值标记为不合理升级的情况，则无法在项目中考虑实物期权的价值会降低，因为它可能导致项目过早终止的错误。实际意义-本文详细介绍了实物期权理论对MIS环境中评估项目延续性的意义。原创性/价值-本文将实物期权理论的见解应用于MIS升级研究。当项目对公司确实有价值时，继续进行项目可能会被视为升级，因为通过继续进行项目获得的新信息会减少不确定性。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号