Corporate Strategy and Wealth Creation

2002 ◽  
pp. 124-139
Author(s):  
Caron H. St. John ◽  
Nagraj (Raju) Balakrishnan ◽  
James O. Fiet
Keyword(s):  
Financial Performance ◽  
Corporate Strategy ◽  
Decisive Role ◽  
Wealth Creation ◽  
Strategic Decisions ◽  
Executive Management ◽  
Corporate Managers ◽  
Firm Financial Performance ◽  
Economic Trends ◽  
Stock Analysts

Corporate managers, business consultants, stock analysts, and academic researchers have long maintained that the strategic decisions of managers have a direct influence on firm performance. Although societal and economic trends, industry characteristics, and chance all influence performance, the strategic decisions made by managers are believed to play a decisive role in shaping financial performance. Even so, researchers investigating this relationship have reported largely ambiguous results (Rumelt, 1974; Ramanujam and Varadarajan, 1989; Hoskisson and Hitt, 1990; Robbins and Pearce, 1992; Markides and Williamson, 1994; Barker, 1994). Furthermore, attempts by analysts to forecast future financial performance by scrutinizing current strategy decisions have been plagued with problems. Can firm financial performance be predicted with accuracy from the corporate strategy decisions of the executive management team?

Impact of corporate governance on financial performance of sugar sector firms listed in Pakistan stock exchange

2019 ◽  
Vol 12 (2) ◽  
Author(s):  
Muhammad Wasim Jan Khan ◽  
Usman Saeed
Keyword(s):  
Developing Countries ◽  
Corporate Governance ◽  
Financial Performance ◽  
Firm Size ◽  
Stock Exchange ◽  
Balance Sheet ◽  
Board Size ◽  
Return On Equity ◽  
Firm Financial Performance ◽  
Relationship Of

Corporate governance is considered as environment of trust, set of processes, policies and laws affecting the way corporations are administrated and directed. The previous literature in context of the corporate governance relationship with firm financial performance shows controversial findings; similarly literature shows lack of studies in context of developing countries as Pakistan. Therefore, this research explores the relationship of the corporate governance and the firm financial performance in context of developing country as Pakistan. The data has been collected from the sugar sector listed in KSE (Pakistan Stock Exchange), 20 corporations are selected as sample from sugar sector on basis of outstanding shares. Corporate governance taken as independent variable and measured as CEO biformity (CB), board size (BS), firm age (FA), firm size (FS). Financial performance of firms taken as dependent variable and measured as return on asset (ROA), return on equity (ROE), net profit margin (NPM). Data is collected for period of 2000-2013 from reports of the sugar companies listed in KSE (Pakistan Stock Exchange) issued annually and analysis of balance sheet given by State Bank of Pakistan (SBP). Result shows that CEO biformity significantly affecting firm financial performance. Board size (BS) shows partially significant impact on firm financial performance. Firms age (FA) show partially significant impact on firm financial performance. Firm size (FS) shows partially significant impact on firm financial performance. Therefore, conclusion has been drawn based on the results of analysis that this study adds new knowledge to the existing body of knowledge of corporate governance impact on firm financial performance and in context of developing countries as Pakistan. Keywords: Corporate governance, firm financial performance, sugar sector, Pakistan.

An empirical examination of firm financial performance along dimensions of supply chain resilience

2017 ◽  
Vol 40 (3) ◽  
pp. 254-269 ◽  
Author(s):  
Xun Li ◽  
Qun Wu ◽  
Clyde W. Holsapple ◽  
Thomas Goldsby
Keyword(s):  
Supply Chain ◽  
Financial Performance ◽  
Three Dimensions ◽  
Empirical Examination ◽  
Content Type ◽  
Supply Chain Resilience ◽  
Critical Dimensions ◽  
Firm Financial Performance ◽  
Supply Chain Agility ◽  
The Impact

Purpose This paper aims to investigate the impact of three critical dimensions of supply chain resilience, supply chain preparedness, supply chain alertness and supply chain agility, all aimed at increasing a firm’s financial outcomes. In a turbulent environment, firms require resilience in their supply chains to prepare for potential changes, detect changes and respond to actual changes, thus providing superior value. Design/methodology/approach Using survey data from 77 firms, this study develops scales for preparedness, alertness and agility. It then tests their hypothesized relationships with a firm’s financial performance. Findings The results reveal that the three dimensions of supply chain resilience (i.e. preparedness, alertness and agility) significantly impact a firm’s financial performance. It is also found that supply chain preparedness, as a proactive resilience capability, has a greater influence on a firm’s financial performance than the reactive capabilities including alertness and agility, suggesting that firms should pay more attention to proactive approaches for building supply chain resilience. Originality/value First, this study develops a comparatively comprehensive definition for supply chain resilience and explores its dimensionality. Second, this study provides empirically validated instruments for the dimensions of supply chain resilience. Third, this study is one of the first to provide empirical evidence for direct impact of supply chain resilience dimensions on a firm’s financial performance.

scholarly journals Corporate Strategy and Corporate Strategists: Power, Identity, and Knowledge within the Firm

1994 ◽  
Vol 26 (3) ◽  
pp. 435-451 ◽  
Author(s):  
E Schoenberger
Keyword(s):  
Corporate Strategy ◽  
Strategic Decisions ◽  
Social Agents ◽  
Corporate Strategies ◽  
The People ◽  
Ability To Act

In this paper it is argued that, to explain why whole groups of once-successful firms in a particular nation or region fail to react appropriately to new competitive conditions, we need to take a closer look at the people who devise and implement corporate strategies. That is to say, we need to analyze corporate strategists as social agents in a particular time and place, and try to understand what aspects of their social being might tend systematically to produce inappropriate corporate strategies. The argument centers on questions of power and identity and on how these shape knowledge and the ability to act. In this way an explanation of the origins and the power of the managerial commitments that shape strategic decisions is sought.

Modeling the relationship between corporate strategy and wealth creation using neural networks

2000 ◽  
Vol 27 (11-12) ◽  
pp. 1077-1092 ◽  
Author(s):  
Caron H.St. John ◽  
Nagraj Balakrishnan ◽  
James O. Fiet
Keyword(s):  
Neural Networks ◽  
Corporate Strategy ◽  
Wealth Creation ◽  
The Relationship
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