How Financial Slack Affects Corporate Performance
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Author | : Bernadette Gral |
Publisher | : Springer Science & Business Media |
Total Pages | : 128 |
Release | : 2013-12-30 |
Genre | : Business & Economics |
ISBN | : 3658045523 |
Download How Financial Slack Affects Corporate Performance Book in PDF, Epub and Kindle
Bernadette Gral examines the relationship between financial slack and corporate performance in the European pharmaceutical industry during the financial crisis of 2007 to 2010. Her investigation includes correlational and regression analyses as well as the qualitative content analysis of newspaper articles. The results show that financial slack influences corporate performance measured as ROA based on net income, thus implying that firms use slack resources to enhance performance during crises. The findings support the arguments for a beneficial effect of financial slack on performance according to the resource based view and behavioral theory of the firm.
Author | : IEEE Staff |
Publisher | : |
Total Pages | : |
Release | : 2021-02-26 |
Genre | : |
ISBN | : 9781665411424 |
Download 2021 International Conference on Public Management and Intelligent Society (PMIS) Book in PDF, Epub and Kindle
Computational and artificial intelligence Intelligent systems Autonomous systems Intelligent robots Robot learning Computational intelligence Hybrid intelligent systems Machine intelligence Consumer electronics Ambient intelligence Home automation Smart homes Systems, man, and cybernetics Multi agent systems Intelligent control Smart spaces Face recognition Fingerprint recognition Handwriting recognition Automatic speech recognition Smart glasses
Author | : Colin A. Carnall |
Publisher | : Digital Press |
Total Pages | : 0 |
Release | : 1997 |
Genre | : Business planning |
ISBN | : 9780750619325 |
Download Strategic Change Book in PDF, Epub and Kindle
Managing major or strategic change now demands the ability to visualise the future, to see what might happen, and to estimate how the organization might respond. Through a selection of key articles on strategic change from authors such as Senge, Handy, Argyris and Prahalad and Doz, Carnall examines how we can understand the process of change and how we can use this knowledge to create the future. These articles look at: *networked organizations *market induced changes for internal and external markets *culture change *learning organization *globalisation This book also includes new material on how to create programmes of change to maximise learning as well as topical approaches such as process re-engineering, time-based management and corporate bench-marking. Students on MBA and other post-graduate business courses, and practitioners in the field of strategic change will find this book essential reading. Colin Carnall is Professor of Management Studies and Director of Programmes at Henley Management College. Top-flight editor from one of the best British Business Schools Includes articles from leading authors -Senge, Handy, Argyris and Prahalad and Doz to name a few Includes new material on how to create programmes of change to maximise learning
Author | : André Dorsman |
Publisher | : Springer Science & Business Media |
Total Pages | : 221 |
Release | : 2014-02-17 |
Genre | : Business & Economics |
ISBN | : 3642415962 |
Download Perspectives on Energy Risk Book in PDF, Epub and Kindle
Since the Industrial Revolution, the efficiency with which energy resources are extracted and converted into work has played a prominent role in the accumulation of material wealth. The prominent role of energy resources, in conjunction with their scarcity and their uneven geographic distribution, has had significant repercussions. Collaboration, competition and conflict among nation states for energy resources have created global, geopolitical and market risks. In this volume, academic scholars and practitioners assess these risks from global, geopolitical and market perspectives. They do so by presenting empirical research and discussing our current understanding of this quickly changing and developing field. This is the third volume in a series on energy organized by the Centre for Energy and Value Issues (CEVI). The previous volumes in the series were Financial Aspects in Energy (2011) and Energy Economics and Financial Markets (2012).
Author | : Kose John |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Does Corporate Governance Matter More for Firms with High Financial Slack? Book in PDF, Epub and Kindle
The effect of corporate governance may depend on a firm's financial slack. On one hand, financial slack may be spent by managers for their private benefits; a high level is likely associated with severe agency conflicts. Thus corporate governance matters more for high financial slack firms (i.e., the wasteful spending hypothesis). On the other hand, financial slack provides insurance against future uncertainties; a low level may signal deviations from the best interests of shareholders. Then corporate governance is more effective for low financial slack firms (i.e., the precautionary needs hypothesis). We differentiate the two hypotheses using the passage of antitakeover laws to identify exogenous variation in governance. Consistent with the wasteful spending hypothesis, the laws' passage has a larger negative impact on the operating and stock market performance of high financial slack firms. Further analysis shows that these firms do not invest more but become less efficient at cost management after the laws' passage.
Author | : Beata K. Smarzynska Javorcik |
Publisher | : World Bank Publications |
Total Pages | : 36 |
Release | : 2001 |
Genre | : Air quality management |
ISBN | : |
Download Pollution Havens and Foreign Direct Investment Book in PDF, Epub and Kindle
The "pollution haven" hypothesis states that multinational firms, particularly those in highly polluting industries, relocate to countries with weak environmental standards. Despite the plausibility and popularity of this hypothesis, Smarzynska and Wei find only weak evidence in its favor.
Author | : Carole Howorth |
Publisher | : Edward Elgar Publishing |
Total Pages | : 477 |
Release | : 2024-03-14 |
Genre | : Business & Economics |
ISBN | : 1800888724 |
Download Elgar Encyclopedia of Family Business Book in PDF, Epub and Kindle
The intertwining of family relationships with business imperatives provides a fascinating but complex arena for study. This Encyclopedia is a valuable resource because family business studies are necessarily multi-disciplinary and wide-ranging, drawing on entrepreneurship, management, governance, economics, ethics, business history, as well as family studies.
Author | : Marshall Scott Poole |
Publisher | : Oxford University Press |
Total Pages | : 446 |
Release | : 2004-08-26 |
Genre | : Business & Economics |
ISBN | : 0195135008 |
Download Handbook of Organizational Change and Innovation Book in PDF, Epub and Kindle
In a world of organizations that are in constant change scholars have long sought to understand and explain how they change. This book introduces research methods that are specifically designed to support the development and evaluation of organizational process theories. The authors are a group of highly regarded experts who have been doing collaborative research on change and development for many years.
Author | : Amina Mohamed Buallay |
Publisher | : Emerald Group Publishing |
Total Pages | : 131 |
Release | : 2022-09-16 |
Genre | : Business & Economics |
ISBN | : 1801178585 |
Download International Perspectives on Sustainability Reporting Book in PDF, Epub and Kindle
As global concerns grow surrounding the environment, climate, and sustainability, International Perspectives on Sustainability Reporting presents business case studies from different sectors across different regions, highlighting the changing institutional contexts and laws in each country regarding sustainability reporting.
Author | : John Joseph |
Publisher | : Emerald Group Publishing |
Total Pages | : 354 |
Release | : 2018-12-10 |
Genre | : Business & Economics |
ISBN | : 1787563308 |
Download Organization Design Book in PDF, Epub and Kindle
Advances in Strategic Management is dedicated to communicating innovative, new research that advances theory and practice in Strategic Management. This volume focuses on organization design and collaborative ways of working.