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...