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1 比如Muaer和Trinatsi(1994)应用模拟技术,将企业的经营决策、投资决策与融资决策纳入一个统一的框架下分析,他们发现经营柔性与财务柔性之间存在替代关系。再如Gamba和Triantis(2008)改变传统将投资与融资相互分离的做法,通过将投资与财务柔性结合在一个模型中,研究表明投资灵活性大的项目,从财务柔性获取的价值就小。