scholarly journals The Impact of Debt Structure on Firm Performance: Empirical Evidence from Nigerian Quoted Firms

2016 ◽  
Vol 6 (11) ◽  
pp. 647-660 ◽  
Author(s):  
E. Chuke Nwude ◽  
Idam Okpara Itiri ◽  
Bamidele Oyakhiromhe Agbadua ◽  
Sergius Nwannebuike Udeh
Keyword(s):  
Firm Performance ◽  
Empirical Evidence ◽  
Debt Structure ◽  
The Impact

Internationalization pathways and the performance of SMEs

2015 ◽  
Vol 49 (3/4) ◽  
pp. 420-443 ◽  
Author(s):  
Marta Fernández Olmos ◽  
Isabel Díez-Vial
Keyword(s):  
Firm Performance ◽  
Empirical Evidence ◽  
International Market ◽  
Theoretical Framework ◽  
Expansion Process ◽  
Export Intensity ◽  
Content Type ◽  
Market Expansion ◽  
Coordination Costs ◽  
The Impact

Purpose – The purpose of this paper is to examine the effect of the chosen specific internationalization pathway on the relationship between internationalization and firm performance. Design/methodology/approach – This paper analyses the internationalization pathway among small- and medium-sized enterprises which internationalize through exporting and are more limited in terms of the resources they can leverage across markets. Findings – Empirical evidence obtained from a sample of wineries in La Rioja shows that the internationalization – export performance relationship is characterized by a U-shaped curve for firms with a gradual internationalization pathway, and an S-shaped curve for firms with an accelerated internationalization pathway. Research limitations/implications – This empirical study on the impact of export intensity on performance has acknowledged the importance of costs caused by the liability of foreignness and the transaction and coordination costs involved in each market expansion process. However, it has not examined the effect of differences in absorptive and coordination capabilities at the firm level. Practical implications – The findings about the role of the specific internationalization pathway in driving export intensity and performance appear to be relevant from a public-policy perspective. Local policies aimed at promoting exports have been widely based on the argument that firms can improve their performance through increasing their level of international sales. However, empirical evidence shows that these efforts may not work as well as was thought, unless combined with the right market expansion pathway and the optimal level of exports associated with this international market expansion. Social implications – Most studies on the effect of international market expansion on firm performance have not considered the influence of the specific market expansion pathway chosen. In taking this factor into account, this paper contributes to the existing body of work by developing an integrative theoretical framework that explores how the pathway of internationalization impacts on firms’ performance. Originality/value – Most studies on the effect of international market expansion on firm performance have not considered the influence of the specific market expansion process chosen. In taking this factor into account, this paper contributes to the existing body of work by developing an integrative theoretical framework that explores how the process of international market expansion impacts on firms’ performance.

Board Activity and Firm Performance

2017 ◽  
Vol 10 (1) ◽  
pp. 44-57
Author(s):  
Jyoti Paul
Keyword(s):  
Firm Performance ◽  
Empirical Evidence ◽  
Performance Measures ◽  
Firm Value ◽  
The Past ◽  
Point Estimates ◽  
Board Monitoring ◽  
The Impact ◽  
The Relationship

Because of recent failures in the past, the role of Board and the Board monitoring have become important. The directors are expected to be more accountable. In this study, the researcher tries to investigate the relationship between the level of board activity and firm value for firms in FMCG sector over a three-year period from 2010–2011 to 2012–2013. The primary aim of the article is to provide empirical evidence and specifically find out the impact of board activity measured by number of meetings and its impact on firm performance. The results indicate that the attendance in board meetings is significantly positively correlated with ROA. The OLS results with both the performance measures show that the point estimates of attendance at board meetings were significant indicating that attendance in such meetings is perceived to be an indicator of good monitoring activities of the board.

scholarly journals Bank influence, firm performance and survival: Empirical evidence from Germany 1970-1986

2003 ◽  
Vol 1 (2) ◽  
pp. 65-70 ◽  
Author(s):  
Julie Ann Elston
Keyword(s):  
Firm Performance ◽  
Empirical Evidence ◽  
Firm Size ◽  
Firm Growth ◽  
Survival Rates ◽  
Agency Problems ◽  
Empirical Results ◽  
Concentrated Ownership ◽  
Governance Systems ◽  
The Impact

This paper systematically investigates the impact of bank-influence on firm performance and survival in Germany. Close bank-firm relationships and concentrated ownership which characterize the Japanese and German financial and governance systems are often credited with reducing agency problems and improving monitoring of firm activities, thus improving firm performance and the chances of survival. Empirical results reveal that bank influenced firms have higher survival rates than independent firms. However, firm growth appears to be independent of bank influence and negatively related to firm size.

The Impact of Divestment on Firm Performance: Empirical Evidence from a Panel of UK Companies

2003 ◽  
Vol 50 (2) ◽  
pp. 173-196 ◽  
Author(s):  
Michelle Haynes ◽  
Steve Thompson ◽  
Mike Wright
Keyword(s):  
Firm Performance ◽  
Empirical Evidence ◽  
The Impact

scholarly journals The Effect of Phases of the Adoption of the Circular Economy on Firm Performance: Evidence from 28 EU Countries

2020 ◽  
Vol 12 (6) ◽  
pp. 2557
Author(s):  
Ilija Moric ◽  
Jelena Šaković Jovanović ◽  
Rajka Đoković ◽  
Sanja Peković ◽  
Đurđica Perović
Keyword(s):  
Firm Performance ◽  
Propensity Score ◽  
Empirical Evidence ◽  
Circular Economy ◽  
Adoption Process ◽  
Substantial Body ◽  
Potential Benefits ◽  
Nuanced Understanding ◽  
The Impact ◽  
The Relationship

Although a substantial body of literature has analysed the potential benefits of the circular economy, empirical evidence on the relationship between circular economy-related activities and firm performance is scarce. Rather than analysing only the effect of the circular economy on firm performance, we empirically examine the effects of the different phases of the adoption process of the circular economy on firm performance. Therefore, in this paper, a multiphase framework of circular economy adoption is developed. Employing a propensity-score-matching model on the sample of more than 4000 European SMEs, we show that the adoption of circular economy activities improves firm performance as measured by productivity. In addition, our findings reveal that the impact of circular economy activities on firm performance is dependent on the different phases of the adoption process. Taken together, this study enriches current research on the circular economy by contributing to a more nuanced understanding on the relationship between the different phases of the adoption process and firm performance.

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