The Impact of a Firm’s Financial Flexibility on its Strategic Renewal: Key Concepts with Evidential Support from Businesses Across Industries

2012 ◽  
Vol 13 (3) ◽  
pp. 165-175 ◽  
Author(s):  
S. Balasubrahmanyam ◽  
Prasad Kaipa ◽  
K. B. Akhilesh
Keyword(s):  
Financial Flexibility ◽  
Strategic Renewal ◽  
Evidential Support ◽  
Key Concepts ◽  
The Impact

scholarly journals Wellness Tourism—New Challenges and Opportunities for Tourism in Salou

2021 ◽  
Vol 13 (15) ◽  
pp. 8246
Author(s):  
Marta Gemma Nel-lo Andreu ◽  
Alba Font-Barnet ◽  
Marc Espasa Roca
Keyword(s):  
Environmental Sustainability ◽  
Seasonal Adjustment ◽  
Competitive Advantages ◽  
Strategic Renewal ◽  
Challenges And Opportunities ◽  
The Face ◽  
History Of ◽  
Wellness Tourism ◽  
Fundamental Value ◽  
The Impact

Following a long history of using various strategies and policies for diversification and seasonal adjustment in the face of the challenges of achieving economic, social, and environmental sustainability, sun and beach destinations should also consider targeting the wellness tourism market as a post pandemic opportunity and long-term solution. Salou is a mature sun and beach destination in the Mediterranean, but one which, for some time, has had an increasing commitment to family and sports tourism as a result of a strategic renewal process. Now, with the impact of the coronavirus pandemic, the destination management organization is considering the evolution of the model, the internalization of sustainability as a fundamental value, and the impact of different markets. In this study, we examined the challenges the Salou Tourist Board has faced during the development of a post pandemic model for sustainable tourism and what strategies it has adopted in response. We also considered the opportunities and competitive advantages that Salou has in the field of wellness tourism. The results obtained should encourage the continuation of work that promotes the environmental axis of sustainability and adds value to the natural resources on which it depends, including the sea and the landscape, while maintaining the environmental quality of the resources.

Sociology and the Environment: An Analysis of Coverage in Introductory Sociology Textbooks

2005 ◽  
Vol 33 (2) ◽  
pp. 154-169 ◽  
Author(s):  
Tammy L. Lewis ◽  
Craig R. Humphrey
Keyword(s):  
Content Analysis ◽  
Positive Relationship ◽  
Social Problems ◽  
Environmental Issues ◽  
Environmental Sociology ◽  
Introductory Sociology ◽  
Award Winning ◽  
Key Concepts ◽  
The Impact ◽  
By Products

Using content analysis, this research examines the impact of the first 25 years of environmental sociology research on current introductory sociology textbooks. The investigators searched the texts for 40 key concepts in environmental sociology and for the inclusion of works by 20 award-winning environmental sociologists. On average, the texts cited 7 of the 40 key concepts. Eliminating multiple citations to a page, the total number of pages cited averaged just under three percent per book. On average, the texts cite four works by influential environmental sociologists. The texts, however, omitted some of the most central, unique concepts in the field. The texts typically treated environmental issues as social problems rather than as the by-products of institutionalized behaviors or practices. There tends to be a positive relationship between the sales of a text and the discussion of the environment.

scholarly journals Financial Flexibility as an Investment Efficiency Factor in Asian Companies

2018 ◽  
Vol 20 (2) ◽  
pp. 137 ◽  
Author(s):  
Victoria Cherkasova ◽  
Evgeny Kuzmin
Keyword(s):  
Investment Efficiency ◽  
Small Companies ◽  
Investment Activity ◽  
Financial Flexibility ◽  
Investment Expenditure ◽  
Institutional Economic ◽  
The Difference ◽  
Debt Capacity ◽  
The Impact ◽  
Capacity Method

This study explores the impact of a company’s financial flexibility on the effectiveness of its investments.The number of companies that have financial flexibility was calculated with the application of thespare debt capacity method. The research identifies the impact of financial flexibility on investment activity and on the level of suboptimal investments. The data from 1,736 companies in theAsian region, during the 2005-2015time period, are presented. The Asian region has unique institutional, economic and commercial environments that present a great basis for this paper. The results of the research reveal that financially flexible companies spend more on their investment expenditure and conduct more effective investment policiesby reducing the level of over- and underinvestment. Financial flexibility helps companies to make effective investments during a crisis period, but the difference in the flexibility between developed and developing countries and between large and small companies was not observed.

On the Association between Donor-Imposed Financial Inflexibility and Future Donations to Charitable Organizations

2014 ◽  
Vol 27 (1) ◽  
pp. 63-79 ◽  
Author(s):  
Krishnamurthy Surysekar ◽  
Elizabeth H. Turner ◽  
Clark M. Wheatley
Keyword(s):  
Organizational Performance ◽  
Managerial Discretion ◽  
Costs And Benefits ◽  
Charitable Organizations ◽  
Financial Flexibility ◽  
Negative Relation ◽  
For Profit ◽  
Not For Profit ◽  
The Impact

ABSTRACT We address the impact of financial flexibility on organizational performance in a not-for-profit (NFP) setting. Specifically, we examine the link between donor-imposed financial inflexibility and subsequent donations. Donors sometimes impose restrictions on NFP use of the donated resources. These restrictions arise because of donors' preferences regarding how the assets are used, or as a mechanism for donors to monitor the actions of NFP management. Restricted donations cause financial inflexibility and limit managerial discretion. We examine the costs and benefits of restricting managerial discretion and find a negative relation between future donations and high levels of donor restriction. Specifically, we empirically demonstrate that when restricted assets comprise a high percentage of total assets, additional increases in restricted assets are associated with an overall reduction in future donations.

Maintaining Safe Breastfeeding Practices During the COVID-19 Pandemic: An Overview of the Evidence to Inform Clinical Guidelines

2021 ◽  
Vol 40 (3) ◽  
pp. 140-145
Author(s):  
Tiffany Gwartney ◽  
Allyson Duffy
Keyword(s):  
Health Care ◽  
Health Care Providers ◽  
Best Practice ◽  
Newborn Health ◽  
Care Providers ◽  
Postnatal Transmission ◽  
Breastfeeding Practices ◽  
Evidential Support ◽  
Guidelines And Recommendations ◽  
The Impact

The impact of the COVID-19 pandemic upon the health care landscape has prompted many organizations to revise policies in response to ever-changing guidelines and recommendations regarding safe breastfeeding practices. The application of these professional guidelines into clinical practice is fraught with barriers, inconsistencies, and often-minimal evidential support. Key concerns for health care providers and patients include antenatal versus postnatal transmission, milk transmission, and separation care versus rooming-in, including the subsequent impacts upon breastfeeding and bonding. While SARS-CoV-2 is a novel virus, the volume of literature to support best practice for couplet care continues to be developed at a rapid pace. The benefits of breastfeeding are steeped in evidence and outweigh the potential risk of transmission of COVID-19 from mother to newborn. Health care organizations must continue to seek guidance for policy revision within the ever-growing body of evidence for best practice and evaluate current practices for feasibility during and after hospitalization.

6. Social Constructivism

2015 ◽  
Author(s):  
Christine Agius
Keyword(s):  
Social Constructivism ◽  
International System ◽  
Security Studies ◽  
Security Threats ◽  
Socially Constructed ◽  
Alternative Approach ◽  
Key Concepts ◽  
Critical Constructivism ◽  
The Impact

This chapter examines the impact of social constructivism on Security Studies as well as its critique of the assumed orthodoxy of rationalist approaches to security and the international system. In particular, it considers the manner that social constructivists address the question of how security and security threats are ‘socially constructed’. The chapter first provides an overview of definitions and key concepts relating to constructivism, such as its emphasis on the importance of ideas, identity, and interaction, along with its alternative approach to thinking about security. It then explores Alexander Wendt’s three cultures of anarchy and compares conventional constructivism with critical constructivism. Finally, it analyses rationalist and poststructuralist critiques of constructivism.

scholarly journals How to optimise public health interventions: a scoping review of guidance from optimisation process frameworks

2020 ◽  
Vol 20 (1) ◽  
Author(s):  
Sam McCrabb ◽  
Kaitlin Mooney ◽  
Benjamin Elton ◽  
Alice Grady ◽  
Sze Lin Yoong ◽  
...  
Keyword(s):  
Public Health ◽  
Scoping Review ◽  
Implementation Strategy ◽  
Public Health Intervention ◽  
Health Intervention ◽  
Health Interventions ◽  
Problem Identification ◽  
Key Concepts ◽  
The Common ◽  
The Impact

Abstract Background Optimisation processes have the potential to rapidly improve the impact of health interventions. Optimisation can be defined as a deliberate, iterative and data-driven process to improve a health intervention and/or its implementation to meet stakeholder-defined public health impacts within resource constraints. This study aimed to identify frameworks used to optimise the impact of health interventions and/or their implementation, and characterise the key concepts, steps or processes of identified frameworks. Methods A scoping review of MEDLINE, CINAL, PsycINFO, and ProQuest Nursing & Allied Health Source databases was undertaken. Two reviewers independently coded the key concepts, steps or processes involved in each frameworks, and identified if it was a framework aimed to optimise interventions or their implementation. Two review authors then identified the common steps across included frameworks. Results Twenty optimisation frameworks were identified. Eight frameworks were for optimising interventions, 11 for optimising implementation and one covered both intervention and implementation optimisation. The mean number of steps within the frameworks was six (range 3–9). Almost half (n = 8) could be classified as both linear and cyclic frameworks, indicating that some steps may occur multiple times in a single framework. Two meta-frameworks are proposed, one for intervention optimisation and one for implementation strategy optimisation. Steps for intervention optimisation are: Problem identification; Preparation; Theoretical/Literature base; Pilot/Feasibility testing; Optimisation; Evaluation; and Long-term implementation. Steps for implementation strategy optimisation are: Problem identification; Collaborate; Plan/design; Pilot; Do/change; Study/evaluate/check; Act; Sustain/endure; and Disseminate/extend. Conclusions This review provides a useful summary of the common steps followed to optimise a public health intervention or its implementation according to established frameworks. Further opportunities to study and/or validate such frameworks and their impact on improving outcomes exist.

Working Capital Financing, Firm Performance and Financial Flexibility: Evidence from Indian Hospitality Firms

2020 ◽  
pp. 097215092096137
Author(s):  
Nufazil Altaf
Keyword(s):  
Firm Performance ◽  
Method Of Moment ◽  
Working Capital ◽  
Short Term ◽  
Financial Flexibility ◽  
Negative Effect ◽  
Capital Financing ◽  
Hospitality Firms ◽  
Break Even Point ◽  
The Impact

This article examines the relationship between working capital financing and firm performance for a sample of 185 Indian hospitality firms. In addition, this study examines the impact of financial flexibility on working capital financing performance relationship for a period of 10 years. This study employs two-step generalized method of moment (GMM) techniques to arrive at results. Results of the study confirm the inverted U-shaped relationship between working capital financing and firm performance with optimal break-even point, beyond which short-term debt financing has a negative effect on performance at 0.54. In addition, we found that firms likely to be more financially flexible can finance a greater proportion of working capital using short-term debt, since break-even point turns out to be high for firms likely to be more financially flexible. The study is expected to extend the existing debate on working capital management by using the sample of Indian Hospitality firms for analysing the above-mentioned relationships.

Do banking sector concentration, banking sector development and equity market development influence firms’ financial flexibility? Evidence from Pakistan

2019 ◽  
Vol 9 (1) ◽  
pp. 115-129 ◽  
Author(s):  
Yasin Mahmood ◽  
Maqsood Ahmad ◽  
Faisal Rizwan ◽  
Abdul Rashid
Keyword(s):  
Banking Sector ◽  
Developing Economies ◽  
Bank Lending ◽  
Equity Market ◽  
Debt Financing ◽  
Market Development ◽  
Financial Flexibility ◽  
Content Type ◽  
Banking Sector Development ◽  
The Impact

Purpose The purpose of this paper is to investigate the role of banking sector concentration, banking sector development and equity market development in corporate financial flexibility (FF). Design/methodology/approach The study used annual data for the period from 1991 to 2014 to examine the relationship between banking sector concentration, banking sector development, equity market development and corporate FF; hypotheses were tested using an unbalanced panel logistic regression model. Findings The paper provides empirical insights into the relationships between macroeconomic factors and corporate FF. The results suggest a substantial change in FF across firms; banking sector concentration discourages firms from borrowing, leading to the reduction of corporate borrowing, consequently an increase in FF can be observed. Banking sector development facilitates debt financing, hence reducing FF. Equity market development also has a positive impact on FF, as it is a substitute for debt financing. Practical implications The banking sector is an important provider of capital to business entities. A concentrated banking system discourages the provision of capital to firms; hence regulators have to take appropriate measures to resolve the problem of a reduced supply of capital. Banking sector development facilitates the provision of capital; further development may reduce bank lending rates to firms. Equity market development positively affects FF; hence, firm managers can use equity financing to resume FF. By following pecking order theory, managers use internal sources to finance value-maximizing investment projects, debt and issue shares as the last choice to get financing. When borrowing capacity is depleted, managers can obtain further funds by issuing stocks. Originality/value FF is an emergent area of research in advanced countries, while in developing economies, it is in the initial stages. Little work is available in this area to find the impact of banking sector concentration, banking sector development and equity market development, therefore, this study fills this gap in the existing literature.

Sign in / Sign up

Export Citation Format

Share Document