Dong, Lingxiu; Kouvelis, Panos; Su, Ping - In: International Journal of Production Economics 153 (2014) C, pp. 215-229
This paper investigates the impact of operational flexibility on firms׳ economic exposure to currency fluctuations in … find that operational flexibility enables the global firm to exploit the possible high exchange rate (i.e., devalued home …, operational flexibility allows for downside risk control as the exchange rate becomes more volatile, since the resource pooling …