Post by arfankj4 on Mar 7, 2024 2:02:48 GMT -5
This decreases private firms exposure to misvaluation and leads them to hold lower levels of precautionary cash than similar sized public firms as private firms do not need to optimize the timing of their equity issues. Consistent with these predictions I use a unique panel of non SEC filing private U.S. firms to show that the average public firm holds twice as much cash as the average private firm. This cash gap is driven by small and medium sized public firms which are most equity dependent and is larger in industries with higher exposure to misvaluation shocks.
Download working paper http papers.ssrn sol papers.cfm abstract id A Methodology for Operationalizing Enterprise Architecture and Evaluating Enterprise IT Flexibility By MacCormack Alan Robert Lagerstrom and Carliss Y. Baldwin ABSTRACT—We propose a network based methodology for operationalizing enterprise architecture. Our methodology is based upon using a Design Structure Matrix DSM to capture the coupling between different Poland Mobile Number List components in a firm s architecture including business and technology related aspects. We apply our methodology to data gathered in a large pharmaceutical firm. We show that this methodology helps to identify layers in the firm s architecture associated with different technologies e.g. applications servers and databases.
We also show that it reveals the main flow of control within the architecture as denoted by the classification of components into Core Peripheral Shared and Control elements. a subset of software applications within this architecture. We find that the cost of change is associated with the degree to which applications are highly coupled. We show the best measure of coupling that predicts the cost of change is one that captures all the direct and indirect connections between components. We believe our work constitutes an important step in making the concept of enterprise architecture more operational improving a firm s ability to analyze its architecture understand its performance implications and adapt and improve it in the future.
Download working paper http papers.ssrn sol papers.cfm abstract id A Methodology for Operationalizing Enterprise Architecture and Evaluating Enterprise IT Flexibility By MacCormack Alan Robert Lagerstrom and Carliss Y. Baldwin ABSTRACT—We propose a network based methodology for operationalizing enterprise architecture. Our methodology is based upon using a Design Structure Matrix DSM to capture the coupling between different Poland Mobile Number List components in a firm s architecture including business and technology related aspects. We apply our methodology to data gathered in a large pharmaceutical firm. We show that this methodology helps to identify layers in the firm s architecture associated with different technologies e.g. applications servers and databases.
We also show that it reveals the main flow of control within the architecture as denoted by the classification of components into Core Peripheral Shared and Control elements. a subset of software applications within this architecture. We find that the cost of change is associated with the degree to which applications are highly coupled. We show the best measure of coupling that predicts the cost of change is one that captures all the direct and indirect connections between components. We believe our work constitutes an important step in making the concept of enterprise architecture more operational improving a firm s ability to analyze its architecture understand its performance implications and adapt and improve it in the future.