Toward an Integrative Explanation of Corporate Financial Performance

ISBN-13: 9789401062626 / Angielski / Miękka / 2012 / 405 str.

N. Capon; John U. Farley; S. Hoenig

Opis

This volume is a milestone toward developing a more comprehensive understanding of corporate financial performance. The authors review both the factors that cause the financial performance of some firms to be better than others at a point in time and also those factors that influence the trajectory of firm financial performance over time. In addressing these issues, the book considers theoretical and empirical work on financial performance, drawn from several literatures, as well as presenting empirical results. The goals of the book are to improve the understanding of firm financial performance by developing a more integrated framework and to develop a research agenda based on what is learned from this research.

Spis treści

Preface. I. What Determines Corporate Financial Performance? II. What we Know (or Think we Know) about the Causes of Superior Financial Performance. III. An Empirical Examination of Financial Performance: Distilling the Essential Causal Factors. IV. Improving Financial Performance: Summary and Research Agenda. Appendices: I: A Short Selected Background to the Building Blocks. II: A Brief Description of the Empirical Study of 113 Major U.S. Manufacturing Firms. III: An Empirical Test of In Search of Excellence. IV: Conducting the Meta-Analysis. V: Detailed Results of the Partial Replication of the `Top 100 Plus' Studies. VI: Survival in our Sample of Fortune 500 Firms. VII: Developing the Scales that Summarize Environment, Strategy and Organization. VIII: Detailed Statistical Results on How the Scales Relate to Financial Performance. IX: Technical Characteristics of the Translog Performance Function. X: Toward Estimating Scale Values from Publicly Available Data. XI: Developing Firm profiles by Cluster Analysis. XII: Authors who have Studied the Underlying Concepts Summarized in our 34 Scales. References. Index.