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We consider an exporting firm facing FX risk. We show that FX options are not used for hedging, if there is no ex-post production flexibility. Hence, in the standard setting of having no ex-post optionality, hedging with forwards is the best choice.The value of FX options for hedging arises as...
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rates. We use data from the 1993 and 1988 Survey of Manufacturing Technology (SMT) to examine the use of advanced (computer … technology use with changes in plant productivity performance. The main findings of the study are as follows. First, diffusion is … achieving an average net increase of less than one new technology. In this regard, technology appears to be an experience good …
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a dynamic monopoly setting with simultaneous investment decisions in process as well as in product Research …
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This paper introduces the V-form organisation, a new form of firm organisation where vertical integration is outsourced to a decentralized distributed ledger (a blockchain). V-form organisations rely on the coordination of a (trusted) third party. It looks specifically at two instances of V-form...
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Blockchain (distributed ledger technology) is an institutional technology that allows trust to be manufactured instead … the levels of trust that have previously sustained them. Blockchain technology offers a new industrialised form of trust …
Persistent link: https://www.econbiz.de/10012832826
Plug and Play – The Era of Technology Convergence.Emergences of new technologies like Mobile, Cloud and robust payment … twitter use multiple platform technology to reach its audience like the internet and android platforms. Thus creating …
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past 20 years, from small town phone service suppliers, to top-5 global players. The approach taken is a dynamic eco …
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