THE ECONOMICS OF EMERGENCY MEETINGS.
In this article, we examine the timing of emergency meetings. Meetings are critical to the success of organizations, allowing them to coordinate information, discuss strategies, and realign policies to meet their objectives. We treat the emergency meetings between scheduled meetings as real options....
| Publicado en: | Economic Inquiry Vol. 53; no. 2; pp. 1019 - 1038 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2015
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=100824368&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 100824368 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Apr2015 vid: 53 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 100824368 10.1111/ecin.12181 ppf: 1019 ppct: 19 formats: fmt: – @attributes: type: T – @attributes: type: P size: 579KB tig: atl: THE ECONOMICS OF EMERGENCY MEETINGS. aug: au: Aadland, David Sterbenz, Frederic P. affil: Department of Economics and Finance, University of Wyoming, Laramie WY 82071 su: Organization of Petroleum Exporting Countries United States. Federal Open Market Committee Business meetings Meeting planning Association management Industrial management research Management sug: subj: Business meetings Organization of Petroleum Exporting Countries United States. Federal Open Market Committee Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) International and other extra-territorial public administration Meeting planning Association management Industrial management research Management ab: In this article, we examine the timing of emergency meetings. Meetings are critical to the success of organizations, allowing them to coordinate information, discuss strategies, and realign policies to meet their objectives. We treat the emergency meetings between scheduled meetings as real options. The optimal strategy involves time-varying threshold values that, when exceeded, trigger an emergency meeting. The model explains why organizations need both scheduled and emergency meetings. The model also predicts more frequent emergency meetings during periods of high volatility and a hump-shaped distribution for the timing of emergency meetings. We find empirical support for these predictions using data from the Organization of Petroleum Exporting Countries and the Federal Open Market Committee of the U.S. Federal Reserve system. ( JEL C44, C61, C63) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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