This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...

The rate of cost pass-through exceeds 50% under strategic delegation of decision-making to managers with sales revenue contracts— regardless of the number of …rms in the industry and demand curvature. This contrasts sharply with pro…t-maximization, for which cost pass-through can take on any positive value. The key intuition is that …rms under delegation act as if they faced more rivals than th...

As competition for market space continues to increase worldwide and the information technology (IT) budget of many organizations these days comprises hundreds of projects running concurrently across different business functions, decision making units and geographical locations, selecting IT projects for investment has become a challenge in itself, not to mention the need to maximize the benefit...

Despite the growing importance of IT enabled offshoring in the present day business, there is little academic research devoted to the subject. Moreover, to our knowledge, research on the impact of offshoring on firm performance is virtually non-existent, which is the prime motivation for this study. In this research, using resource-based view and resource dependence theory we conceptualize offs...

This paper describes an expert system (ES) based decision support system (DSS), which aids the user to select feasible projects among a strategic portfolio supplied by a dynamic simulator (DS). The ES incorporates the ALTMAN model for predicting financial distress. This model is utilized for aiding the user to find the most feasible values for the financialeconomic parameters, managing the proj...

Ž . The balanced scorecard BSC has emerged as a decision support tool at the strategic management level. Many business leaders now evaluate corporate performance by supplementing financial accounting data with goal-related measures from the following perspectives: customer, internal business process, and learning and growth. It is argued that the BSC concept can be adapted to assist those manag...

This paper introduces a methodology for strategic intervention in collective aeclsion making. The methodology is based on (1) a decomposition of the problem into a few main controversial issues, (2) systematic interviews of subject area specialists to obtain a specification of the decision setting, consisting of a list of stakeholders with their capabilities, positions, and salience on each of ...

Decision-making is one of the most important functions of managers in any kind of organization. Among different manager's decisions strategic decision-making is a complex process that must be understood completely before it can be practiced effectively. Those responsible for strategic decision-making face a task of extreme complexity and ambiguity. For these reasons, over the past decades, nume...

This paper investigates dividend optimization of an insurance corporation under a more realistic model which takes into consideration refinancing or capital injections. The model follows the compound Poisson framework with credit interest for positive reserve, and debit interest for negative reserve. Ruin occurs when the reserve drops below the critical value. The company controls the dividend ...

This paper addresses the issue of understanding the strategic sourcing decision making process in a supply chain environment. A case study of an automotive company was used to analyse the decision making process under different sourcing scenarios. A strategic sourcing assessment was conducted to analyse the consequences of different strategies when sourcing an activity or a product. The assessm...