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Author: N. Capon Publisher: Springer Science & Business Media ISBN: 9401153809 Category : Business & Economics Languages : en Pages : 414
Book Description
This volume is a milestone on our journey toward developing a more comprehensive understanding of the underpinnings of corporate financial performance. Weare concerned with both the factors that cause the financial performance of some firms to be better than others at a point in time and those factors that influence the trajectory of firm financial performance over time. In addressing these issues, we consider theoretical and empirical work on financial performance, drawn from several literatures, as well as present the results from our own empirical study. The review of the theoretical and empirical work is contemporary; the major portion of data comprising the empirical study was collected in the early 1980s as part of the Columbia Business School project on corporate strategic planning, but some data sequences extend into the mid-1980s and early 1990s. Our goals are to improve understanding of firm financial performance by developing a more integrated framework and to develop a research agenda based on what we have learned. This volume consists of four chapters, 12 appendices that provide detailed technical support and development for various portions of the discussion and an extensive set of references. It interweaves results from published literature in various fields with our original empirical work and develops an integrative approach to the study of firm fmancial performance.
Author: N. Capon Publisher: Springer Science & Business Media ISBN: 9401153809 Category : Business & Economics Languages : en Pages : 414
Book Description
This volume is a milestone on our journey toward developing a more comprehensive understanding of the underpinnings of corporate financial performance. Weare concerned with both the factors that cause the financial performance of some firms to be better than others at a point in time and those factors that influence the trajectory of firm financial performance over time. In addressing these issues, we consider theoretical and empirical work on financial performance, drawn from several literatures, as well as present the results from our own empirical study. The review of the theoretical and empirical work is contemporary; the major portion of data comprising the empirical study was collected in the early 1980s as part of the Columbia Business School project on corporate strategic planning, but some data sequences extend into the mid-1980s and early 1990s. Our goals are to improve understanding of firm financial performance by developing a more integrated framework and to develop a research agenda based on what we have learned. This volume consists of four chapters, 12 appendices that provide detailed technical support and development for various portions of the discussion and an extensive set of references. It interweaves results from published literature in various fields with our original empirical work and develops an integrative approach to the study of firm fmancial performance.
Author: Stuart C. Gilson Publisher: Wiley ISBN: 9780471405658 Category : Business & Economics Languages : en Pages : 0
Book Description
Improve shareholder value through proactive corporate restructuring practices From a Harvard professor and widely recognized expert in the field comes a cutting edge look at how to use corporate restructuring to improve shareholder value. Radical Restructuring: Strategies to Increase Financial Performance looks at corporate restructuring as a creative tool to proactively improve the business rather than as a reactionary way to avert financial ruin. It was written using the author's extensive and award-winning research on domestic and international restructuring over the past two decades. All businesses must provide value to their shareholders in order to succeed, and that value can be expanded dramatically through the use of smart business strategies. This book examines proactive ways to use corporate restructuring in order to exploit new opportunities, boost financial performance, and increase competitive advantage. Discover how to use restructuring strategies like spin-offs, mergers, bankruptcy, and tort claims to return health to the business Study restructuring theory, particularly as it relates to corporate restructuring Learn how to identify the right restructuring strategies for specific business objectives Read real world examples from companies like Humana, Lucent, Delphi Automotive, Continental Airlines, Scott Paper, Agilent Technologies, and Dupont-Conoco The focus of the book is not on restructuring because of bankruptcy or poor management problems, but rather on restructuring as a business tool to facilitate change and growth in an organization. With real success stories to supplement the theory, this book is ideal for finance professionals, managers, institutional investors, and even students looking to better understand how to utilize restructuring practices to solve today's most pressing business challenges.
Author: Sherman Lewis Publisher: Praeger ISBN: 089930432X Category : Business & Economics Languages : en Pages : 0
Book Description
Written for both current and aspiring managers at all levels, this book focuses on ways to improve corporate financial performance. Lewis draws from the fields of finance, accounting, economics, management, mathematics, and information systems to provide a clear exposition as well as detailed examples of practial decision-making for planning and controlling operations. He demonstrates ways to ensure acceptable levels of risk, obtain clear and relevant information, effectively balance long-term and short-term goals and needs, finance profit and growth plans, and incorporate intangibles into the decision process. Throughout, the aim is to help managers make decisions that will have a positive effect on overall corporate financial performance. Organized around three central themes, the book begins by considering the ways in which future growth and profits are shaped by today's choices. Separate chapters address such issues as the evaluation of projected financial statements, current assets, capital expenditures, the discount rate, product costs, and formulating marketing plans. In the second section, the author focuses on controlling current performance. He examines management reports and their role in controlling operations, operating controls for marketing and manufacturing performance, and factory overhead and product costs. The final section looks at information and accounting systems. The author first provides the basics of accounting to enable management to communicate effectively with accountants and other financial experts and then describes approaches to designing workable, useful information systems.
Author: Richard J. Priore, ScD, MHA, FACHE, FACMPE Publisher: Springer Publishing Company ISBN: 0826144640 Category : Medical Languages : en Pages : 281
Book Description
The increasing pressure on the bottom line of healthcare provider organizations requires leaders who understand and can adeptly apply the basic principles of effective financial and operations management. To be successful in today's environment leaders must simultaneously improve quality and service while reducing expense. Improving Financial and Operations Performance: A Healthcare Leader's Guide is a collection of proven effective tips, tools, and techniques accumulated from real-world challenges and lessons learned logically organized to provide a straightforward approach to planning, assessing, managing, and monitoring a business enterprise to improve profitability. This book provides a clear, step-by-step "how to" approach for both new and experienced leaders seeking a leg up in tackling the myriad of common and complex challenges they are facing including conducting a budget variance analysis, managing labor and non-labor productivity and expense, performing a comprehensive financial condition analysis, growing profitable volume and market share, developing an effective business case for improving quality, and evaluating the financial impact of a future project. Written for clinical and administrative leaders working in the trenches, it provides practical and applicable tools with relevant, real-world, and replicable case study examples. The essential value of Improving Financial and Operations Performance: A Healthcare Leader's Guide is improving decision-making effectiveness, enhancing operations efficiency know-how, and developing strong financial management acumen to overcome the challenges in today's healthcare environment. Key Features: Author experience with extensive expertise as a former investor-owned hospital CEO, integrated health system vice president, managing director for the renowned turnaround experts, the Hunter Group, and graduate business school professor in management, finance, and economics. Realistic case examples to apply the key lessons through detailed practical and relevant case studies using clear step-by-step instructions. Calls-to-action at the end of each chapter with critical leadership imperatives to help prioritize and focus efforts on what matters most. Comprehensive glossary of key terms and concepts using plain easy to understand language. Appendices and Excel templates containing easy-to-use plug-and-play financial worksheets, checklists, best practice pathways, and performance assessments.
Author: Önder Kaymaz Publisher: Springer ISBN: 1137515333 Category : Business & Economics Languages : en Pages : 95
Book Description
Globalization and the accompanying investment facilities available have resulted in rapid popularity for international financial reporting standards (IFRS). However, differences often exist in terms of what firms report, and once inconsistency between tax regulations and financial reporting regulations occur, differences between taxable and accounting practices are inevitable. This book introduces a new approach to corporate financial reporting by investigating goal incongruence (GING) in the context of the principal and agent (PA) setting. The authors argue that improving the method for the disclosure of information would not only increase the quality of corporate financial information and reporting but also reduce the possibility of any GING arising. This book presents the financial implications of international accounting and financial reporting standards (IAS and IFRS), presenting numerous real-life situations, cases, examples and implications to reveal how GING might influence the implementation of corporate financial reporting of profit volumes and sizes, which are the leading drivers of and widely accepted proxies for corporate financial performance.
Author: Publisher: GRIN Verlag ISBN: 3346976556 Category : Business & Economics Languages : en Pages : 30
Book Description
Master's Thesis from the year 2023 in the subject Business economics - Investment and Finance, Kiel University of Applied Sciences (Economics), language: English, abstract: Financial performance is an essential measurement that companies are aiming to improve by following various strategies. These strategies could be environmental-, social- or governmental (ESG). However, in the literature, the relationship between company performance and ESG is under huge debate. On the one hand, studies show that ESG influences positively company performance by improving corporate sustainability as well as attracting investors and stakeholders. On the other hand, studies suggest an opposite impact on the company performance. Furthermore, some studies find no relationship between both of them. In light of these contradicting results, this study aims to investigate ESG in the context of company performance to shed light on their relationship and causality. Moreover, this study includes various indicators and variables that represent company performance. The overall outcome of this study suggests that the company performance has no significant impact on the ESG and vice versa.
Author: William A. Barnett Publisher: Emerald Group Publishing ISBN: 1789732735 Category : Business & Economics Languages : en Pages : 344
Book Description
This volume of The International Symposia in Economic Theory and Econometrics explores and investigates contemporary challenges and issues facing the Asia-Pacific economies. For researchers and students of economics and finance, this volume is a fascinating exploration of emerging topics in one the fastest growing economies in the world.
Author: Jegoo Lee Publisher: ISBN: Category : Languages : en Pages : 33
Book Description
Purpose:This paper aims to propose and test a modified interpretation of long-standing issues on the corporate responsibility (CR)-corporate financial performance (CFP) relationship: companies involved in CR are in general no better and no worse in their level of financial performance than companies without such engagement because of the trade-off between benefit and cost at firm level and imbalance between supply and demand at industry (market) level.Design/methodology/approach:The authors apply this frame to a data set with more than 12,000 observations over a 14-year period, using confidence intervals, as a useful and statistically valid approach for testing the null hypothesis.Findings:The present study's findings support neutrality between CR and CFP at the firm and industry levels, implying that a firm's CR involvement neither penalizes nor improves its CFP.Research limitations/implications:CR activities may provide windows of opportunity for companies but do not systematically improve financial performance.Practical implications:“Doing good” is not a panacea for corporate achievement with respect to market-facing activities. For firms to succeed, instead, they need to create and implement their business cases and models by converting their involvement in CR activities into drivers for better outcomes because investments in CR practices do alone not guarantee improved financial performance.Originality/value:The innovations in this study are twofold. Conceptually, this paper proposes a comprehensive approach for a neutral CR-CFP linkage. Empirically, it introduces a novel and appropriate method for testing neutrality. These will mark an important advance in the theoretical and empirical debates over CR and CFP.
Author: Gharoie Ahangar, Reza Publisher: IGI Global ISBN: 1668483882 Category : Business & Economics Languages : en Pages : 338
Book Description
The relentless growth of data in financial markets has boosted the demand for more advanced analytical tools to facilitate and improve financial planning. The ability to constructively use this data is limited for managers and investors without the proper theoretical support. Within this context, there is an unmet demand for combining analytical finance methods with business analytics topics to inform better investment decisions. Advancement in Business Analytics Tools for Higher Financial Performance explores the financial applications of business analytics tools that can help financial managers and investors to better understand financial theory and improve institutional investment practices. This book explores the value extraction process using more accurate financial data via business analytical tools to help investors and portfolio managers develop more modern financial planning processes. Covering topics such as financial markets, investment analysis, and statistical tools, this book is ideal for accountants, data analysts, researchers, students, business professionals, academicians, and more.
Author: Hoang N. Pham Publisher: Routledge ISBN: 1000540278 Category : Business & Economics Languages : en Pages : 190
Book Description
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
Author: N. Capon
Author: N. Capon
Author: Stuart C. Gilson
Author: Sherman Lewis
Author: Richard J. Priore, ScD, MHA, FACHE, FACMPE
Author: Önder Kaymaz
Author: 
Author: William A. Barnett
Author: Jegoo Lee
Author: Gharoie Ahangar, Reza
Author: Hoang N. Pham