Managerial Discretion in Imperfect Markets

2023
ISBN: 978-981-99-1539-2
Verlag: Springer Nature Singapore

Buch, Englisch, 184 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 318 g

This book deals with behavioral responses of management of firms that make several decisions with respect to production, marketing, finance, organization of activities within divisions, and interrelations between divisions (including synergies between them and constraints placed on each other in the attainment of overall goals of the firm). The market conditions, that constitute the basis of such decisions, may be stable, random but predictable, or uncertain. It can be expected that objectives attained by the firm, as a result of decisions of management, may be different from the maximum which can be achieved. A generic conceptualization of such managerial discretion and operationally useful methods of measurement have been presented. It is possible to develop machine learning algorithms on this basis to minimize managerial discretion and assist managers in arriving at strategic decisions thereby leaving more resources to deal with uncertain events as they arise. The volume is a great resource not only for researchers, but also decision makers in corporates.

Zielgruppe

Research

Autoren/Hrsg.

Ramamohan Rao, T. V. S.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensforschung
• Mathematik | Informatik EDV | Informatik Informatik Künstliche Intelligenz Maschinelles Lernen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Sozialwissenschaften Pädagogik Schulen, Schulleitung Schulleitung, Schulentwicklung
• Wirtschaftswissenschaften Betriebswirtschaft Management Strategisches Management

Inhaltsverzeichnis

Chapter 1. Introduction.- Chapter 2. Managerial Discretion.- Chapter 3. Specification and Estimation.- Chapter 4. Production Decisions.- Chapter 5. Multiproduct Firms.- Chapter 6. Advertising and Warranties.- Chapter 7. Inventory Investment.- Chapter 8. Capital Stock and Investment.- Chapter 9. Financial Arrangements.- Chapter 10. Spinoffs and Carveouts.- Chapter 11. Conclusion.

Über Autor(innen)

Dr. Rao is an emeritus professor and an institute fellow of the Indian Institute of Technology, Kanpur. His research and publications are in the areas of industrial organization, microeconomic theory, and econometrics.