This paper considers a firm that must issue common stock to raise cash to undertake a valuable investment opportunity. Management is assumed to know more about the firm's value than potential investors. Investors interpret the firm's actions rationally. An equilibrium model of the issue-invest...

This paper describes corporate investment and financing decisions when managers have inside information about the value of the firm's existing investment and growth opportunities, but cannot convey that information to investors. Capital markets are otherwise perfect and efficient. In these...

This article chooses to deal exclusively with one perspective of strategy - corporate strategic tasks. There are three different imperatives here -leadership, economic and managerial, that are useful to characterize these tasks. Again, a focus is made on the second and third of these...

This paper reports on a diagnostic study completed by a large firm in the consumer goods sector. This study is aimed at evaluating the production and distribution planning system, the quality of the forecasting system, and the existing levels of inventory. Aggregate models are presented to...