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Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within … such a model, surprise increases of risk lead to a wait-and-see policy for investment at the firm level and a decrease in … the size of firm-level risk fluctuations. We find that time-varying firm-level risk on its own is unlikely to be a major …
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Today, organizations make significant investments in information technology (IT) as a strategic resource to achieve their goals. If these investments are managed properly, they can create value for the organization. However, companies face problems in evaluating IT investment plans to gain value...
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