{"id":"https://openalex.org/W2888677575","doi":"https://doi.org/10.1109/tem.2018.2862156","title":"The Value of Operational Response in Varied Industries During the Great Recession","display_name":"The Value of Operational Response in Varied Industries During the Great Recession","publication_year":2018,"publication_date":"2018-08-24","ids":{"openalex":"https://openalex.org/W2888677575","doi":"https://doi.org/10.1109/tem.2018.2862156","mag":"2888677575"},"language":"en","primary_location":{"id":"doi:10.1109/tem.2018.2862156","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2018.2862156","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5087987464","display_name":"Andrew Manikas","orcid":"https://orcid.org/0000-0001-8164-7217"},"institutions":[{"id":"https://openalex.org/I142740786","display_name":"University of Louisville","ror":"https://ror.org/01ckdn478","country_code":"US","type":"education","lineage":["https://openalex.org/I142740786"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Andrew S. Manikas","raw_affiliation_strings":["College of Business, University of Louisville, Louisville, USA"],"raw_orcid":"https://orcid.org/0000-0001-8164-7217","affiliations":[{"raw_affiliation_string":"College of Business, University of Louisville, Louisville, USA","institution_ids":["https://openalex.org/I142740786"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5002371565","display_name":"Pankaj C. Patel","orcid":"https://orcid.org/0000-0003-4934-8166"},"institutions":[{"id":"https://openalex.org/I7863295","display_name":"Villanova University","ror":"https://ror.org/02g7kd627","country_code":"US","type":"education","lineage":["https://openalex.org/I7863295"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Pankaj C. Patel","raw_affiliation_strings":["Management Department, Villanova University, Villanova, USA"],"raw_orcid":"https://orcid.org/0000-0003-4934-8166","affiliations":[{"raw_affiliation_string":"Management Department, Villanova University, Villanova, USA","institution_ids":["https://openalex.org/I7863295"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.5215,"has_fulltext":false,"cited_by_count":6,"citation_normalized_percentile":{"value":0.73661532,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"67","issue":"1","first_page":"54","last_page":"69"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9919000267982483,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9919000267982483,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9524999856948853,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9449999928474426,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/recession","display_name":"Recession","score":0.6682230234146118},{"id":"https://openalex.org/keywords/operational-efficiency","display_name":"Operational efficiency","score":0.6485474109649658},{"id":"https://openalex.org/keywords/operational-risk","display_name":"Operational risk","score":0.5900155901908875},{"id":"https://openalex.org/keywords/production","display_name":"Production (economics)","score":0.5606978535652161},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5206786394119263},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.48845186829566956},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.47586721181869507},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.45879361033439636},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.45442911982536316},{"id":"https://openalex.org/keywords/contingency","display_name":"Contingency","score":0.4368094801902771},{"id":"https://openalex.org/keywords/market-value","display_name":"Market value","score":0.4242023229598999},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3940927982330322},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.30178749561309814},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.27832478284835815},{"id":"https://openalex.org/keywords/risk-management","display_name":"Risk management","score":0.20760852098464966},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.11030060052871704},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.10647666454315186},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.10091391205787659}],"concepts":[{"id":"https://openalex.org/C195742910","wikidata":"https://www.wikidata.org/wiki/Q176494","display_name":"Recession","level":2,"score":0.6682230234146118},{"id":"https://openalex.org/C2778964270","wikidata":"https://www.wikidata.org/wiki/Q7097774","display_name":"Operational efficiency","level":2,"score":0.6485474109649658},{"id":"https://openalex.org/C11489865","wikidata":"https://www.wikidata.org/wiki/Q944806","display_name":"Operational risk","level":3,"score":0.5900155901908875},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.5606978535652161},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5206786394119263},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.48845186829566956},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.47586721181869507},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.45879361033439636},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.45442911982536316},{"id":"https://openalex.org/C97508593","wikidata":"https://www.wikidata.org/wiki/Q1359069","display_name":"Contingency","level":2,"score":0.4368094801902771},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.4242023229598999},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3940927982330322},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.30178749561309814},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.27832478284835815},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.20760852098464966},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.11030060052871704},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.10647666454315186},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.10091391205787659},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tem.2018.2862156","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2018.2862156","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","score":0.46000000834465027,"display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":110,"referenced_works":["https://openalex.org/W78445386","https://openalex.org/W96687786","https://openalex.org/W126697369","https://openalex.org/W286809262","https://openalex.org/W300955702","https://openalex.org/W327040762","https://openalex.org/W366728794","https://openalex.org/W371825029","https://openalex.org/W654384793","https://openalex.org/W1486925192","https://openalex.org/W1500840356","https://openalex.org/W1501814687","https://openalex.org/W1507135660","https://openalex.org/W1599982338","https://openalex.org/W1767470961","https://openalex.org/W1795381179","https://openalex.org/W1937654471","https://openalex.org/W1948274132","https://openalex.org/W1963496561","https://openalex.org/W1964813960","https://openalex.org/W1965208090","https://openalex.org/W1966275857","https://openalex.org/W1976982917","https://openalex.org/W1977193347","https://openalex.org/W1983177532","https://openalex.org/W1988881933","https://openalex.org/W1990266198","https://openalex.org/W1995434879","https://openalex.org/W1995634043","https://openalex.org/W1997235485","https://openalex.org/W1997947426","https://openalex.org/W1999055276","https://openalex.org/W2003138836","https://openalex.org/W2006108110","https://openalex.org/W2007361991","https://openalex.org/W2010712848","https://openalex.org/W2012405620","https://openalex.org/W2020410811","https://openalex.org/W2021047355","https://openalex.org/W2030132123","https://openalex.org/W2039479114","https://openalex.org/W2042463003","https://openalex.org/W2044344716","https://openalex.org/W2048069982","https://openalex.org/W2050108405","https://openalex.org/W2054270284","https://openalex.org/W2057103008","https://openalex.org/W2057955015","https://openalex.org/W2059096111","https://openalex.org/W2067868909","https://openalex.org/W2069134832","https://openalex.org/W2083228694","https://openalex.org/W2086563017","https://openalex.org/W2087471938","https://openalex.org/W2094830213","https://openalex.org/W2100390860","https://openalex.org/W2100937829","https://openalex.org/W2101064841","https://openalex.org/W2101946146","https://openalex.org/W2114989862","https://openalex.org/W2119984765","https://openalex.org/W2122595797","https://openalex.org/W2122965070","https://openalex.org/W2125400847","https://openalex.org/W2125650595","https://openalex.org/W2135098285","https://openalex.org/W2135547033","https://openalex.org/W2139473829","https://openalex.org/W2140654102","https://openalex.org/W2140753014","https://openalex.org/W2141640905","https://openalex.org/W2143469005","https://openalex.org/W2147516620","https://openalex.org/W2157564376","https://openalex.org/W2160142079","https://openalex.org/W2167098005","https://openalex.org/W2167652764","https://openalex.org/W2192120699","https://openalex.org/W2297594047","https://openalex.org/W2313632343","https://openalex.org/W2332116257","https://openalex.org/W2333610989","https://openalex.org/W2493233212","https://openalex.org/W2528651165","https://openalex.org/W2598468721","https://openalex.org/W2613537951","https://openalex.org/W2795498891","https://openalex.org/W2890391863","https://openalex.org/W3023294223","https://openalex.org/W3121871011","https://openalex.org/W3121875170","https://openalex.org/W3122062748","https://openalex.org/W3122085894","https://openalex.org/W3122148140","https://openalex.org/W3122398384","https://openalex.org/W3125198127","https://openalex.org/W3125338072","https://openalex.org/W3125397542","https://openalex.org/W3125647812","https://openalex.org/W3143147472","https://openalex.org/W4237239309","https://openalex.org/W4240545727","https://openalex.org/W4241859086","https://openalex.org/W4376848418","https://openalex.org/W6603201825","https://openalex.org/W6603908035","https://openalex.org/W6611266275","https://openalex.org/W6643720545","https://openalex.org/W6653818661","https://openalex.org/W6789127836"],"related_works":["https://openalex.org/W2900280076","https://openalex.org/W3125430893","https://openalex.org/W4294770264","https://openalex.org/W3200977356","https://openalex.org/W3023292428","https://openalex.org/W2900271850","https://openalex.org/W3126258066","https://openalex.org/W3006425937","https://openalex.org/W3047517390","https://openalex.org/W2361414636"],"abstract_inverted_index":{"What":[0],"type":[1],"of":[2,37,61,88,120,151,154],"operational":[3,43,50,53,89,92,121,136,155],"response":[4,156],"did":[5],"the":[6,12,18,35,76,86,98,104,108,111,118,128,142,152,158],"U.S.":[7,65],"stock":[8],"market":[9,99,112,143],"value":[10,100,153],"during":[11,157],"2008":[13,74,159],"Great":[14],"Recession?":[15],"Based":[16],"on":[17,26,97,141],"contingency":[19],"theory":[20],"as":[21,75],"an":[22],"overarching":[23],"framework,":[24],"contingent":[25],"high-tech":[27,116],"or":[28,42,91],"low-medium":[29],"technology":[30],"(LMT)":[31],"industry,":[32],"we":[33,79],"propose":[34],"role":[36],"survival":[38],"(improving":[39],"production":[40,105,129],"efficiency":[41,106,130],"hedging)":[44],"and":[45,72,135],"adaptation":[46],"(investing":[47],"in":[48,55,110],"new":[49],"assets)":[51],"related":[52],"responses":[54],"firm":[56],"performance.":[57],"In":[58],"a":[59,124,132,148],"sample":[60],"749":[62],"publicly":[63],"traded":[64],"manufacturing":[66],"firms":[67],"from":[68],"2003":[69],"to":[70],"2012":[71],"using":[73],"recession":[77],"year,":[78],"find":[80],"that":[81],"for":[82,115],"LMT":[83],"firms,":[84,117],"while":[85],"newness":[87,119],"assets":[90,122],"hedging":[93,137],"has":[94,123,131,138],"no":[95,139],"effect":[96],"(Tobin's":[101],"Q),":[102],"increasing":[103,127],"limits":[107],"decline":[109],"value.":[113,144],"Conversely,":[114],"negative":[125],"influence,":[126,134],"positive":[133],"influence":[140],"The":[145],"findings":[146],"provide":[147],"much-needed":[149],"understanding":[150],"recession.":[160]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2021,"cited_by_count":1}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}
