Debt capacity creates financial flexibility and collateral-based debt capacity is the least sensitive to cash flow … effects of financial flexibility on firms' cash policies. We find strong evidence that increases in debt capacity lead to …

The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose … dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of … produce all inputs even when it buys them in the market. This sort of flexibility makes for results which are somehow contrary …

This paper refers to the conceptualizations of strategic flexibility, real options, and human resource (HR) options to … build a model for valuing future-oriented and organizational flexibility-enhancing aspects of training. By adopting an …

We study the role of financial flexibility on COVID-19 employment actions. Using daily data from March through May 2020 … flexibility attenuates these pandemic effects, reducing the likelihood of workforce reductions by almost half. The role of … financial flexibility is greatest in firms with better governance, a more asymmetric cost structure, and better pre …

financial flexibility can affect company investment. Low leverage is defined according to deviations from target which are …