Capital Allocation and Delegation of Decision-making Authority Within Firms

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (759 download)

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Book Synopsis Capital Allocation and Delegation of Decision-making Authority Within Firms by : John R. Graham

Download or read book Capital Allocation and Delegation of Decision-making Authority Within Firms written by John R. Graham and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We survey more than 1,000 CEOs and CFOs to understand how capital is allocated, and decision-making authority is delegated, within firms. We find that CEOs are least likely to share or delegate decision-making authority in mergers and acquisitions, relative to delegation of capital structure, payout, investment, and capital allocation decisions. We also find that CEOs are more likely to delegate decision authority when the firm is large or complex. Delegation is less likely when the CEO is particularly knowledgeable about a project, when the CEO has an MBA degree or long tenure, and when the CEO's pay is tilted towards incentive compensation. We study capital allocation in detail and learn that most companies allocate funds across divisions using the net present value rule, the reputation of the divisional manager, the timing of a project"s cash flows, and senior management's "gut feel." Corporate politics and corporate socialism are more important allocation criteria in foreign countries than in the U.S.

Capital Allocation and Delegation of Decision-Making Authority Within Firms

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Capital Allocation and Delegation of Decision-Making Authority Within Firms by : John R. Graham

Download or read book Capital Allocation and Delegation of Decision-Making Authority Within Firms written by John R. Graham and published by . This book was released on 2014 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a unique dataset of more than 1,000 Chief Executive Officers (CEOs) and Chief Financial Officers around the world to investigate the degree to which executives delegate financial decisions and the circumstances that drive variation in delegation. Delegation does not appear to be monolithic; instead, our results show that it varies across corporate policies and also varies with the personal characteristics of the CEO. We find that CEOs delegate decisions for which they need the most input and when they are overloaded. CEOs delegate financial decisions less when they are knowledgable (long-tenured or with a finance background). They delegate more when distracted by recent acquisitions, and they allocate capital based on “gut feel” and the personal reputation of the manager running a given division. Finally, corporate politics and corporate socialism affect capital allocation in European and Asian firms.

Handbook of Corporate Finance

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Publisher : Edward Elgar Publishing
ISBN 13 : 1800373899
Total Pages : 709 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Handbook of Corporate Finance by : David J. Denis

Download or read book Handbook of Corporate Finance written by David J. Denis and published by Edward Elgar Publishing. This book was released on 2024-02-12 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expertly surveying the realm of corporate finance, this adroitly-crafted Handbook offers a wealth of conceptual analysis and comprehensively outlines recent scholarly research and developments within the field. It not only delves into the theoretical dimensions of corporate finance, but also explores its practical implications, thereby bridging the gap between these distinct strands.

Specifics of Decision Making in Modern Business Systems

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Publisher : Emerald Group Publishing
ISBN 13 : 1787566935
Total Pages : 250 pages
Book Rating : 4.7/5 (875 download)

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Book Synopsis Specifics of Decision Making in Modern Business Systems by : Elena G. Popkova

Download or read book Specifics of Decision Making in Modern Business Systems written by Elena G. Popkova and published by Emerald Group Publishing. This book was released on 2019-08-01 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specifics of Decision Making in Modern Business Systems focuses on the regularities and tendencies that are peculiar for the modern Russian practice of decision making in business systems, as well as the authors’ solutions for its optimization in view of new challenges and possibilities.

The Handbook of Organizational Economics

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Publisher : Princeton University Press
ISBN 13 : 1400845351
Total Pages : 1248 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Handbook of Organizational Economics by : Robert Gibbons

Download or read book The Handbook of Organizational Economics written by Robert Gibbons and published by Princeton University Press. This book was released on 2012-12-09 with total page 1248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive introduction to organizational economics, with contributions by leaders in the field In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. This landmark book assembles the leading figures in organizational economics to present the first comprehensive view of both the current state of research in this fast-emerging field and where it might be headed. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more. The defining book on the subject, The Handbook of Organizational Economics is essential reading for researchers and students looking to understand this emerging field in economics. Presents the first comprehensive treatment of organizational economics Features contributions by leaders in the field Unifies and extends existing literatures Describes theoretical and empirical methods used today

Handbook of Financial Decision Making

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Publisher : Edward Elgar Publishing
ISBN 13 : 1802204172
Total Pages : 463 pages
Book Rating : 4.8/5 (22 download)

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Book Synopsis Handbook of Financial Decision Making by : Gilles Hilary

Download or read book Handbook of Financial Decision Making written by Gilles Hilary and published by Edward Elgar Publishing. This book was released on 2023-08-14 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: This accessible Handbook provides an essential entry point for those with an interest in the increasingly complex subject of financial decision making. It sheds light on new paradigms in society and the ways that new tools from private actors have affected financial decision making. Covering a broad range of key topics in the area, leading researchers summarize the state-of-the-art in their respective areas of expertise, delineating their projections for the future.

Optimization and Management in Manufacturing Engineering

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Publisher : Springer
ISBN 13 : 3319645684
Total Pages : 276 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Optimization and Management in Manufacturing Engineering by : Xinbao Liu

Download or read book Optimization and Management in Manufacturing Engineering written by Xinbao Liu and published by Springer. This book was released on 2017-10-02 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Problems facing manufacturing clusters that intersect information technology, process management, and optimization within the Internet of Things (IoT) are examined in this book. Recent advances in information technology have transformed the use of resources and data exchange, often leading to management and optimization problems attributatble to technology limitations and strong market competition. This book discusses several problems and concepts which makes significant connections in the areas of information sharing, organization management, resource operations, and performance assessment. Geared toward practitioners and researchers, this treatment deepens the understanding between resource collaborative management and advanced information technology. Those in manufacturing will utilize the numerous mathematical models and methods offered to solve practical problems related to cutting stock, supply chain scheduling, and inventory management. Academics and students with a basic knowledge of manufacturing, combinatorics, and linear programming will find that this discussion widens the research area of resource collaborative management and unites the fields of information technology, manufacturing management, and optimization.

Handbook of Behavioral Economics - Foundations and Applications 1

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Publisher : Elsevier
ISBN 13 : 0444633898
Total Pages : 749 pages
Book Rating : 4.4/5 (446 download)

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Book Synopsis Handbook of Behavioral Economics - Foundations and Applications 1 by :

Download or read book Handbook of Behavioral Economics - Foundations and Applications 1 written by and published by Elsevier. This book was released on 2018-09-27 with total page 749 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. - Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics - Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics - Written for those who wish to become quickly acquainted with behavioral economics

A Fast and Frugal Finance

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Publisher : Academic Press
ISBN 13 : 0128124962
Total Pages : 278 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis A Fast and Frugal Finance by : William P. Forbes

Download or read book A Fast and Frugal Finance written by William P. Forbes and published by Academic Press. This book was released on 2019-11-15 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Fast and Frugal Finance: Bridging Contemporary Behavioural Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve established problems in finance, including stock buying and selling decisions, when faced with not only risk but fundamental uncertainty. The book concludes by describing potential solutions to financial problems in the forefront of contemporary debates, and calls for taking psychological insights seriously. - Demonstrates how well-constructed 'fast and frugal' models can outperform standard models in time and outcome efficiency - Focuses on how financial decisions are made in reality, using heuristics, rather than how such decisions should be made - Discusses how cognition and the decision-making context interact in producing 'fast and frugal' choices that follow ecological rationality - Explores the development of decision-making trees in finance to aid in decision-making

The Chief Financial Officer and Corporate Performance

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Publisher : Taylor & Francis
ISBN 13 : 104002999X
Total Pages : 138 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Chief Financial Officer and Corporate Performance by : Elżbieta Bukalska

Download or read book The Chief Financial Officer and Corporate Performance written by Elżbieta Bukalska and published by Taylor & Francis. This book was released on 2024-02-23 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial management encompasses a set of complex activities that should be performed by a professional financial manager. Some financial decisions are riskier than others, and as such can result in higher or lower profitability. This risk-return trade-off is the key aspect of financial management. Furthermore, a financial director’s propensity to take risks can lead to less or more conservative financial decisions. This study firstly provides theoretical issues on financial management and the results of previous research, while the second part is empirical, showing the methodology and results of the authors’ research. Apart from CFO risk attitude, the book also examines CFO power. The book highlights the importance of the position of financial managers in companies and demonstrates that financial decisions are the reflection of decision-makers’ characteristics. Additionally, the book provides evidence of whether the COVID-19 crisis has increased or decreased the impact of CFO characteristics on financial decision-making and firm performance. The book will attract the attention of researchers and students of corporate finance and accounting and also contains many valuable tips and insights for practitioners.

EBOOK: Behavioral Corporate Finance, 2/e

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Publisher : McGraw Hill
ISBN 13 : 1526871998
Total Pages : 491 pages
Book Rating : 4.5/5 (268 download)

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Book Synopsis EBOOK: Behavioral Corporate Finance, 2/e by : SHEFRIN

Download or read book EBOOK: Behavioral Corporate Finance, 2/e written by SHEFRIN and published by McGraw Hill. This book was released on 2018-05-18 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: EBOOK: Behavioral Corporate Finance, 2/e

Financial Econometrics, Mathematics and Statistics

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Publisher : Springer
ISBN 13 : 1493994298
Total Pages : 655 pages
Book Rating : 4.4/5 (939 download)

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Book Synopsis Financial Econometrics, Mathematics and Statistics by : Cheng-Few Lee

Download or read book Financial Econometrics, Mathematics and Statistics written by Cheng-Few Lee and published by Springer. This book was released on 2019-06-03 with total page 655 pages. Available in PDF, EPUB and Kindle. Book excerpt: This rigorous textbook introduces graduate students to the principles of econometrics and statistics with a focus on methods and applications in financial research. Financial Econometrics, Mathematics, and Statistics introduces tools and methods important for both finance and accounting that assist with asset pricing, corporate finance, options and futures, and conducting financial accounting research. Divided into four parts, the text begins with topics related to regression and financial econometrics. Subsequent sections describe time-series analyses; the role of binomial, multi-nomial, and log normal distributions in option pricing models; and the application of statistics analyses to risk management. The real-world applications and problems offer students a unique insight into such topics as heteroskedasticity, regression, simultaneous equation models, panel data analysis, time series analysis, and generalized method of moments. Written by leading academics in the quantitative finance field, allows readers to implement the principles behind financial econometrics and statistics through real-world applications and problem sets. This textbook will appeal to a less-served market of upper-undergraduate and graduate students in finance, economics, and statistics. ​

The Chief Financial Officer

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Publisher : The Economist
ISBN 13 : 1610393864
Total Pages : 162 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis The Chief Financial Officer by : The Economist

Download or read book The Chief Financial Officer written by The Economist and published by The Economist. This book was released on 2014-04-08 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid rise in importance of the role of the chief financial officer -- from back-office accountant to front-line executive -- is unrivaled by that of any other corporate position. With access to every facet of the business, CFOs now wield a level of influence matched only by chief executives. This book explains how CFOs earned their privileged status, and what the future may hold for them. It describes their ever-expanding role, and how they are reshaping their departments to help them deal with that transformation. Insights from current and former CFOs provide a first-hand perspective on finance leaders' aspirations and doubts. It is a useful reference for finance chiefs seeking to learn from peers and benchmark their own performance; for those looking to build a career in the C-Suite; for managers seeking to improve their relationship with the finance department; for service providers -- banks, accountancies and consulting firms -- and anyone else who wants to get on the good side of the keeper of the corporate checkbook.

The Future of Global Organizing

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Publisher : Emerald Group Publishing
ISBN 13 : 1785604228
Total Pages : 488 pages
Book Rating : 4.7/5 (856 download)

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Book Synopsis The Future of Global Organizing by : Alain Verbeke

Download or read book The Future of Global Organizing written by Alain Verbeke and published by Emerald Group Publishing. This book was released on 2015-10-23 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This latest volume of Progress in International Business Research explores novel ways in which international business is organized. Contributions advance our understanding and stretch our thinking about new organizational and geographic structures in MNCs, and other organizational forms across borders and geographies.

Tune In

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Publisher : Harriman House Limited
ISBN 13 : 085719996X
Total Pages : 330 pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis Tune In by : Nuala Walsh

Download or read book Tune In written by Nuala Walsh and published by Harriman House Limited. This book was released on 2024-03-26 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite conventional wisdom, the biggest risk confronting our generation isn’t economic, political or climate risk. It’s decision risk, and the failure to hear who and what really matters. Your decisions impact others, yet in today’s noisy world of digital distraction, disinformation and data overload we’re more vulnerable than ever to hearing less and less. In the dash to decide, we sacrifice nuance for convenience, misinterpret people and misunderstand situations, accelerating a rush to misjudgement. The result? A catalogue of human errors, unheard voices and tone-deaf leadership. Tuning out relevant voices degrades decisions, damages reputation and squanders opportunity, amplifying modern activism, rampant polarisation, scandals and scams. Now that can change. In Tune In, award-winning Nuala Walsh champions understanding behaviour as an insurance policy against mishearing, misinformation and misjudgement. This timely masterclass stands apart in its original treatment of 'deaf spots,' the hidden judgement killers that stop us from hearing what really matters. It not only explains your worst mistakes but equips you to prevent future error and the sting of regret. Armed with a new science-led PERIMETERS framework and dozens of 'sonic' strategies that rely on human intelligence, not artificial intelligence, you’ll discover the 10 traps that bind our reasoning. Each is illustrated by a cast of Wall Street titans, sports legends, serial killers, presidents, astronauts, entrepreneurs, entertainers and exonerees. By tuning in, you’ll hear what others don’t and secure advantage. You’ll stand out rather than miss out, becoming a more admired and influential Decision Ninja. Good judgement is at a premium - and your decisions matter. It's time to Tune In.

Comparative Public Management

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Publisher : Georgetown University Press
ISBN 13 : 1626164010
Total Pages : 262 pages
Book Rating : 4.6/5 (261 download)

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Book Synopsis Comparative Public Management by : Kenneth J. Meier

Download or read book Comparative Public Management written by Kenneth J. Meier and published by Georgetown University Press. This book was released on 2017 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the field of public management has become increasingly international, research and policy recommendations that work for one country often do not work for another. Why, for example, is managerial networking important in the United States, moderately effective in the United Kingdom, and of little consequence in the Netherlands? Comparative Public Management argues that scholars must find a better way to account for political, environmental, and organizational contexts to build a more general model of public management. The volume editors propose a framework in which context influences the types of managerial actions that can be used effectively in public organizations. After introducing the innovative framework, the book offers seven empirical chapters--cases from seven countries and a range of policy areas (health, education, taxation, and local governance)--that show how management affects performance in different contexts. Following these empirical tests, the book examines themes that emerge across cases and seeks to set an agenda for future research. Intended for students and scholars of public administration and public policy, this book will be the first to provide a comprehensive comparative assessment of management's impact on organizational performance.

Behavioural Corporate Finance

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Publisher : Cambridge Scholars Publishing
ISBN 13 : 1443887412
Total Pages : 207 pages
Book Rating : 4.4/5 (438 download)

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Book Synopsis Behavioural Corporate Finance by : Júlio Lobão

Download or read book Behavioural Corporate Finance written by Júlio Lobão and published by Cambridge Scholars Publishing. This book was released on 2016-01-14 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Orthodox financial theory often ignores the role played by managers’ personal characteristics in their decision-making processes. However, as anyone with experience in the business world knows, managers’ personalities are crucial in the choices they make. Indeed, it should be noted that firms do not make decisions, rather it is the managers who decide – either as a group or individually. This book explores the impact of managers’ psychological profiles and life experiences on their financial decisions, taking the following key questions as starting points: Why do they commit mistakes? Why do they contract debt and issue shares? How do they choose the right amount of dividends to distribute? Why do they acquire other firms? Why do they sometimes choose to manipulate information and to commit fraud? As the book highlights, having insights into managers’ psychology is essential to understanding their choices and predicting decisions made by competing firms.