Capital Structure, Environmental Dynamism, Innovation Strategy, and Strategic Risk Management

Torben Juul Andersen

Capital Structure, Environmental Dynamism, Innovation Strategy, and Strategic Risk Management

Torben Juul Andersen

Research output: Working paper › Research

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Abstract

Previous research found that capital structure affects performance when it is adapted to the level of environmental dynamism and pursuit of an innovation strategy. The current study reproduces some of these relationships in a more recent dataset but also identifies significant nuances across industrial environments. Analyses of a large cross sectional sample and various industry sub-samples suggest that other factors have influenced capital structure effects in recent years including flexibilities in multinational organization and effective strategic risk management capabilities.

Original language	English
Place of Publication	København
Publisher	Center for Strategic Management and Globalization
Number of pages	32
Publication status	Published - Sept 2005

Series	SMG Working Paper
Number	2/2005

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Financial leverage
Derivatives
Real options

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smg wp 2005-002Final published version, 587 KBLicence: CC BY-NC-ND

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Cite this

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KW - Real options

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KW - Real options

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