The deferral option in the collective dismissal procedure. La opción de aplazamiento en los expedientes de regulación de empleo

Eguren Segurado, Santos and Solana Perez, Pablo and Grijalvo Martin, Maria Mercedes (2015). The deferral option in the collective dismissal procedure. La opción de aplazamiento en los expedientes de regulación de empleo. "Dirección y Organización", v. 56 ; pp. 32-42. ISSN 2171-6323.

Description

Title: The deferral option in the collective dismissal procedure. La opción de aplazamiento en los expedientes de regulación de empleo
Author/s:
  • Eguren Segurado, Santos
  • Solana Perez, Pablo
  • Grijalvo Martin, Maria Mercedes
Item Type: Article
Título de Revista/Publicación: Dirección y Organización
Date: July 2015
ISSN: 2171-6323
Volume: 56
Subjects:
Freetext Keywords: collective dismissal procedure; deferral option; demand; real options; uncertainty
Faculty: E.T.S.I. Industriales (UPM)
Department: Ingeniería de Organización, Administración de Empresas y Estadística
Creative Commons Licenses: Recognition - No derivative works - Non commercial

Full text

[img]
Preview
PDF - Requires a PDF viewer, such as GSview, Xpdf or Adobe Acrobat Reader
Download (1MB) | Preview

Abstract

The work in this paper focuses on the integration of the real options theory for organizational projects in the management of Human Resources, and particularly on the inclusion of the deferral option in collective dismissal procedures. This option has been studied and developed to be applied to ?Expediente de regulación de empleo?, which is the legal form existing in Spain for the collective termination of employment contracts and which organizations turn to when confronted with a negative financial situation, as a way of maintaining their viability. Two main issues which it is hoped to resolve are examined: the search for a source of uncertainty to make the deferral option viable for this type of projects, and the development of a procedure to obtain the value of the option and therefore facilitate decision making. The analysis performed has enabled us to state that the volatility of demand is the source of uncertainty that makes the option viable. The procedure developed by the binomial tree, which is determined by the evolution of demand, is the tool that enables the value of the option to be found.

More information

Item ID: 40665
DC Identifier: http://oa.upm.es/40665/
OAI Identifier: oai:oa.upm.es:40665
Deposited by: Memoria Investigacion
Deposited on: 30 May 2016 16:06
Last Modified: 05 Jun 2019 13:58
  • Logo InvestigaM (UPM)
  • Logo GEOUP4
  • Logo Open Access
  • Open Access
  • Logo Sherpa/Romeo
    Check whether the anglo-saxon journal in which you have published an article allows you to also publish it under open access.
  • Logo Dulcinea
    Check whether the spanish journal in which you have published an article allows you to also publish it under open access.
  • Logo de Recolecta
  • Logo del Observatorio I+D+i UPM
  • Logo de OpenCourseWare UPM