an the managers have experienced one kind of crisis or another in their organizations, and hence are willing to group and empower themselves in challenging them. this article while classifying the organizations in two categories as crisis accepting and crisis challenging, suggestion for making the organization as crisis challenging have been given. the process of crisis creation, three perspect...

Information technology is crucial in many industries and is seen as a decisive factor of a firm’s performance and financial success. Based on the dynamic capabilities view, this paper aims at extending existing research on organizational IT capability and performance. In particular, this work examines if firms exhibiting superior IT capability outperform their competitors, especially during two...

crisis management, as one of the key activities in strategic management has significant importance. one of the major requirements of crisis management is the high level of readiness and qualification of human resources responsible for crisis management. the focus of this paper is on presenting a crisis management model with human resources approach. first, we reviewed the literature and extract...

Real options investments are expected to take their greatest value during periods of abnormally high uncertainty. This important proposition of real options is empirically difficult to test, since one cannot readily find such well-defined unanticipated periods affecting large numbers of firms. We attempt to address this problem in the real options literature by focusing on the case of Korean fi...

The massive losses that banks incurred with the meltdown of the subprime mortgage market have raised concerns about their ability to continue lending to corporations. We investigate these concerns. We find that firms paid higher loan spreads during the subprime crisis. Importantly, the increase in loan spreads was higher for firms that borrowed from banks that incurred larger losses. These resu...

This paper aims at analyzing the astonishingly mild response of the German labor market to the severe demand shock that occurred in the aftermath of the financial crisis. It stresses the role of institutions such as workingtime accounts which create a large scope for a buffering capacity within the firm. It is argued that labor market reforms and the behavior of social partners have strengthene...

Due to the integration and interrelatedness of the global economy in recent decades, the onset of financial crisis from the U.S. economy and its diffusion to the other global economies has led to the most important events and global financial crisis at the beginning of the third millennium. This investigation aims to examine the impact of financial distress on tax avoidance of the listed compan...

This paper uses firm-level information to examine how the Asian and Russian crises affected different types of firms around the world. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries. Results indicate that firms that competed with exports from the crisis countries, and firms which had direct...

OBJECTIVES To compare the microbiological efficacy, turnaround time, cost, convenience, and patient and user tolerance of Tristel Trio Wipes, PeraSafe solution and Cidex OPA solution for the high-level disinfection of flexible nasendoscopes. METHODS Flexible nasendoscopes were used in routine clinical encounters. They were then disinfected with one of the three disinfectant methods. Surveilla...

We survey 1,050 Chief Financial Officers (CFOs) in the U.S., Europe, and Asia to directly assess whether their firms are credit constrained during the global financial crisis of 2008. We study whether corporate spending plans differ conditional on this surveybased measure of financial constraint. Our evidence indicates that constrained firms planned deeper cuts in tech spending, employment, and...