Why companies succeed or fail : corporate cycles and firm function in tandem
Purpose: This paper aims to underscore the need for developing a model of corporate cycles, which can explain how corporations rise, decline and fall in the marketplace. Design/methodology/approach: This is a conceptual study that draws on prior theoretical and empirical insights of the entrepreneurial, managerial and social functions of the firm to develop a model of corporate cycles. Findings: Firms that pass the test of the market and live for a long time, undergo cycles, expansions and contractions, driven by successes and failures in the way they configure and execute their entrepreneurial, managerial and social, functions. Practical implications: A model of corporate cycles can explain how momentum rises and falls on Wall Street. It can also help predict revenue growth, a key variable in equity valuation models. Originality/value: The originality of this study stems from a constructive synthesis of different concepts and theories of the firm to explain firms’ growth, decline and fall in the marketplace.
Year of publication: |
2021
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Authors: | Mourdoukoutas, Panos ; Stefanidis, Abraham |
Published in: |
Journal of Business Strategy. - Emerald, ISSN 0275-6668, ZDB-ID 2068174-4. - 2021 (27.12.)
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Publisher: |
Emerald |
Saved in:
Online Resource
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