文档介绍:Corporate Decision-Making with
Macroeconomic Uncertainty
This page intentionally left blank
Corporate Decision-Making with
Macroeconomic Uncertainty
Performance and Risk Management
Lars Oxelheim
Clas
2008
Oxford University Press, Inc., publishes works that further
Oxford University’s objective of excellence
in research, scholarship, and education.
Oxford New York
Auckland Cape Town Dar es Salaam Hong Kong Karachi
Kuala Lumpur Madrid Melbourne Mexico City Nairobi
New Delhi Shanghai Taipei Toronto
With offi ces in
Argentina Austria Brazil Chile Czech Republic France Greece
Guatemala Hungary Italy Japan Poland Portugal Singapore
South Korea Switzerland Thailand Turkey Ukraine Vietnam
Copyright © 2008 by Oxford University Press, Inc.
Published by Oxford University Press, Inc.
198 Madison Avenue, New York, New York 10016
Oxford is a registered trademark of Oxford University Press
All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system, or transmitted, in any form or by any means,
electronic, mechanical, photocopying, recording, or otherwise,
without the prior permission of Oxford University Press.
Library of Congress Cataloging-in-Publication Data
Oxelheim, Lars.
Corporate decision-making with macroeconomic
uncertainty : performance and risk management /
Lars Oxelheim, Clas .
p. cm.
Includes bibliographical references and index.
ISBN 978-0-19-533574-3
1. Risk management. 2. Decision making. 3. Management.
I. , Clas. II. Title.
2008
’03--dc22—2008029861
9 8 7 6 5 4 3 2 1
Printed in the United States of America
on acid-free paper
Preface
Within the last three decades, fi rms anizations, regardless of size,
have been subject to changes in the conditions for doing business including
increased uncertainty about shocks and disturbances in the world econ-
omy. These developments require new strategies wherein management
recognizes the interdependenc