منابع مشابه
Uncertainty, Flexibility, Valuation & Design:
The 21 st century presents humankind with perhaps its greatest challenge since our species almost went extinct some 70,000 years ago in Africa. A big part of meeting that challenge lies in how the urbanization of three billion additional people (equal to the entire world population in 1960) will be accomplished between now and mid-century, on top of necessary renewal and renovation of the earth...
متن کاملRole of manufacturing flexibility in managing duality of formalization and environmental uncertainty in emerging firms
Increased firm formalization helps emerging firms develop stable routines and processes to increase their chances of survival. However, uncertain and dynamic task environments of emerging firms require more flexible organizational structures. Such duality of structural prescriptions stems from competing demands of task and institutional environments. We propose that manufacturing flexibility co...
متن کاملProduction Flexibility and Investment under Uncertainty
This paper extends the theory of real options, which mainly considers the problem of timing of investment, by letting the firm choose also the quantity produced after the time of investment. Under the conditions of irreversible investment and uncertainty in future demand, the firm can adjust its output quantity at each point in time in the future. Our paper shows that changing the structure of ...
متن کاملManager Optimism Based on Environmental Uncertainty and Accounting Conservatism
It is expected that more accounting conservation (environmental uncertainty) reduces manager optimism. Prior research, however, has struggled to establish this relation empirically. Moreover, some evidence points to the possibility that the manager optimism is lower for firms with more accounting conservation. In this paper, the author examine the link between accounting conservation, environme...
متن کاملHierarchy Size and Environmental Uncertainty
We examine how a firm’s changing environment and the information constraints of its managers interact as determinants of the size of the firm’s administration. Following the recent decentralized information processing literature, we assume that it takes individual managers time to process information. A consequence is that it takes time for a firm to aggregate information, even when this task i...
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ژورنال
عنوان ژورنال: Global Journal of Flexible Systems Management
سال: 2012
ISSN: 0972-2696,0974-0198
DOI: 10.1007/s40171-013-0018-9