001468423 000__ 06163cam\\22006257a\4500 001468423 001__ 1468423 001468423 003__ OCoLC 001468423 005__ 20230707003251.0 001468423 006__ m\\\\\o\\d\\\\\\\\ 001468423 007__ cr\un\nnnunnun 001468423 008__ 230603s2023\\\\si\\\\\\ob\\\\000\0\eng\d 001468423 019__ $$a1381093466 001468423 020__ $$a9789819915378$$q(electronic bk.) 001468423 020__ $$a9819915376$$q(electronic bk.) 001468423 020__ $$z9819915368 001468423 020__ $$z9789819915361 001468423 0247_ $$a10.1007/978-981-99-1537-8$$2doi 001468423 035__ $$aSP(OCoLC)1380994149 001468423 040__ $$aYDX$$beng$$cYDX$$dGW5XE$$dEBLCP 001468423 049__ $$aISEA 001468423 050_4 $$aHD31 001468423 08204 $$a658.4$$223/eng/20230615 001468423 1001_ $$aRamamohan Rao, T. V. S. 001468423 24510 $$aManagerial discretion in imperfect markets /$$cT. V. S. Ramamohan Rao. 001468423 260__ $$aSingapore :$$bSpringer,$$c2023. 001468423 300__ $$a1 online resource 001468423 504__ $$aIncludes bibliographical references. 001468423 5050_ $$aIntro -- Preface -- References -- About This Book -- Contents -- About the Author -- 1 Introduction -- 1.1 The Firm -- 1.2 Transaction Costs -- 1.3 Agency Costs -- 1.4 Some Hybrids -- 1.5 Non-price Strategies -- 1.6 Financial Issues -- 1.7 Managerial Discretion -- 1.8 Purpose of Study -- 1.9 Designing a Machine Learning Algorithm -- 1.10 A Look Ahead -- References -- 2 Managerial Discretion -- 2.1 The Genesis -- 2.2 Measuring Managerial Discretion -- 2.3 Choice of Materials -- 2.4 Choice of Products -- 2.5 Organizational Arrangements -- 2.6 Financial Mix -- 2.7 Summing Up 001468423 5058_ $$a2.8 Lessons for Machine Learning -- References -- 3 Specification and Estimation -- 3.1 The Purpose -- 3.2 The Issues -- 3.3 The Variables -- 3.4 Price Determination -- 3.5 General Forms of Tradeoff -- 3.6 Contracts -- 3.7 Switching and Threshold Effects -- 3.8 Estimation Problems -- 3.9 Uncertainty Considerations -- 3.10 Tradeoff Estimation -- 3.11 Estimating Thresholds -- 3.12 Contract Parameters -- 3.13 Further Observations -- References -- 4 Production Decisions -- 4.1 Some Basics -- 4.2 Imperfect Markets -- 4.3 Related Products -- 4.4 Small Scale Firms -- 4.5 Public Sector Firms 001468423 5058_ $$a4.6 Service Organizations -- 4.7 Price Determination -- 4.8 Summing Up -- References -- 5 Multi-product Firms -- 5.1 The Nature of Products -- 5.2 Economies of Scale and Scope -- 5.3 Tradeoff Between Objectives -- 5.4 Organizational Forms -- 5.5 Franchises and Subsidiaries -- 5.6 Non-Price Strategies and Value Generation -- 5.7 Empirical Evidence -- 5.8 Anomalies -- References -- 6 Advertising and Warranties -- 6.1 Focus on Consumer -- 6.2 Advertising and Selling Costs -- 6.3 Modeling the Effects -- 6.4 Empirical Experiences -- 6.5 Warranties -- 6.6 Further Observations -- References 001468423 5058_ $$a7 Inventory Behavior -- 7.1 Sources of Inventory -- 7.2 Pertinent Issues -- 7.3 Determinants of Inventory Holding -- 7.4 Blinder Paradox -- 7.5 Fazzari and Peterson -- 7.6 Composition of Inventories -- 7.7 Empirical Patterns -- 7.8 Adjustments to Uncertainty -- 7.9 Some Issues Remain -- References -- 8 Capital Stock and Investment -- 8.1 The Setting -- 8.2 Why Invest? -- 8.3 Acceleration Principle -- 8.4 User Cost of Capital -- 8.5 Tobin's q -- 8.6 Market Imperfection -- 8.7 Empirical Evidence -- References -- 9 Financial Arrangements -- 9.1 Product and Financial Markets -- 9.2 Capital Structure 001468423 5058_ $$a9.3 Locus of Control -- 9.4 Focus Versus Flexibility -- 9.5 Debt-Equity Ratio -- 9.6 Dividend Decisions -- 9.7 Empirical Observations -- 9.8 The Imponderables -- References -- 10 Carveouts and Spinoffs -- 10.1 Empirical Setting -- 10.2 Elasticity of Substitution -- 10.3 Organizational Arrangements -- 10.4 Specification of Synergies -- 10.5 Basic Results -- 10.6 Conclusion -- References -- 11 Conclusion -- 11.1 Overall Pattern -- 11.2 Specific Patterns -- 11.3 Organizational Arrangements -- 11.4 Concept of Efficiency -- 11.5 Managerial Discretion -- 11.6 What Then? -- References 001468423 506__ $$aAccess limited to authorized users. 001468423 520__ $$aThis 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. 001468423 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed June 15, 2023). 001468423 650_0 $$aManagement. 001468423 650_0 $$aOrganizational behavior. 001468423 650_0 $$aStrategic planning. 001468423 650_0 $$aOrganizational effectiveness. 001468423 655_0 $$aElectronic books. 001468423 77608 $$iPrint version: $$z9819915368$$z9789819915361$$w(OCoLC)1371585127 001468423 852__ $$bebk 001468423 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-981-99-1537-8$$zOnline Access$$91397441.1 001468423 909CO $$ooai:library.usi.edu:1468423$$pGLOBAL_SET 001468423 980__ $$aBIB 001468423 980__ $$aEBOOK 001468423 982__ $$aEbook 001468423 983__ $$aOnline 001468423 994__ $$a92$$bISE