How Financial Slack Affects Corporate Performance

Name: How Financial Slack Affects Corporate Performance
Author: Bernadette Gral

An Examination in an Uncertain and Resource Scarce Environment

Paperback Engels 2013 2014e druk 9783658045517

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Samenvatting

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.

Specificaties

ISBN13:9783658045517

Taal:Engels

Bindwijze:paperback

Aantal pagina's:116

Uitgever:Springer Fachmedien Wiesbaden

Druk:2014

Hoofdrubriek:Financieel management, Algemeen management, Organisatiekunde

Serie:BestMasters

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Inhoudsopgave

Conceptualization and Measurement of Financial Slack.- Relationship between Financial Slack and Corporate Performance.- Impact of Environmental Uncertainty and Munificence on Financial Slack.