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How Financial Slack Affects Corporate Performance: An Examination in an Uncertain and Resource Scarce Environment (BestMasters) - Softcover

Gral, Bernadette

 
9783658045517: How Financial Slack Affects Corporate Performance: An Examination in an Uncertain and Resource Scarce Environment (BestMasters)
Softcover
ISBN 10: 3658045515 ISBN 13: 9783658045517
Publisher: Springer Gabler, 2013

Synopsis

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.

"synopsis" may belong to another edition of this title.

About the Author

Bernadette Gral studied Controlling, Business Accountancy and Financial Management at the University of Applied Sciences Upper Austria/Steyr. She works as a consultant in the fields of finance and accounting.

From the Back Cover

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.

Contents

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

Target Groups

  • Researchers, students, and managers in the fields of financial management and accounting

The Author

Bernadette Gral studied Controlling, Business Accountancy, and Financial Management at the University of Applied Sciences Upper Austria/Steyr. She works as a consultant in the fields of finance and accounting.

"About this title" may belong to another edition of this title.

Publisher
Springer Gabler
Publication date
2013
Language
English
ISBN 10 
3658045515
ISBN 13 
9783658045517
Binding
Paperback
Number of pages
116