Toward an Integrative Explanation of Corporate Financial Performance

Online-Ressource (XIII, 405 p)

online resource

I. What Determines Corporate Financial Performance?1.1 The Mission of This Book: Integration -- 1.2 The Three Core Approaches -- 1.3 Why Do We Need Integration? -- 1.4 What Do We Mean by an Integrative or Holistic Explanation of Performance? -- 1.5 The Plan of the Book -- II. What We Know (or Think We Know) About The Causes of Superior Financial Performance -- II.1 What People Expect: Theoretical Perspectives on Financial Performance -- II.2 Trends of Integration among Theoretical Perspectives on Financial Performance -- II.3 What We Know Empirically about Firm Financial Performance -- II.4 Major Studies: Summary and Replication -- II.5 Summary -- III. An Epirical Examination of Financial Performance: Distilling The Essential Causal Factors -- III.1 The Performance Function: A Framework for Integration -- III.2 Measuring Financial Performance -- III.3 What Correlates with Financial Performance? Empirical Characteristics of “Good” Performing Firms -- III.4 Summary of the Causal Factors: From Variables to Scales -- III.5 Integrating with the Performance Function -- III.6 Using an Abbreviated Form of the Performance Function and Estimated Scales to Predict and Track Performance of a Firm -- III.7 Profiles of Firms Based on the Causal Factors: A Performance Exploration -- III.8 Summary -- IV. Improving Financial Performance: Summary And Research Agenda -- IV.1 What We’ve Done in Context of Research on Firm Performance -- IV.2 Our General Perspective Regarding Empirical Studies of Firm Performance: Good Performance Is a Complex Matter Requiring a Comprehensive Approach to Both Analysis and Measurement -- IV.3 A Research Agenda for the Study of Corporate Financial Performance -- IV.4 To the Manager -- Appendices -- I. A Short Selected Background to the Building Blocks -- AI.l Environment -- AI.2 Strategy -- AI.3 Organization Structure -- AI.4 Organizational Climate -- II. A brief description of the empirical study of 113 Major U.S. Manufacturing Firms -- AII.l Study Design -- AII.2 Data Collection -- III. An Empirical Test of in Search of Excellence -- AIII.1 Methodology -- AIII. 1.1 Strategy and Performance Measures -- AIII. 1.2 Measures of the Eight Peters and Waterman Principles -- AIII.2 Results -- AIII.2.1 Peters and Waterman Dimensions -- AIII.2.2 Strategic Dimensions -- AIII.3 Caveats -- IV. Conducting the Meta-Analysis -- AIV.l Methodology -- AIV. 1.1 Counting Methodology -- AIV. 1.2 ANCOVA Methodology -- AIV.2 The Financial Performance Literature -- AIV.2.1 Empirical Methodology in the Literature -- AIV.2.2 Levels of Analysis -- AIV.3 Results -- AIV.3.1 Counting Methodology -- AIV.3.2 ANCOVA Results -- AIV.4 Publication Bias -- V. Detailed Results of The Partial Replication of the “top 100 Plus” Studies -- VI. Survival in our Sample of Fortune 500 Firms -- VII. Developing the Scales that Summarize Environment, Strategy and Organization -- AVII.1 Categorization of Resource Inputs into Subsystems -- AVII.1.1 Classification Procedure -- AVII. 1.2 Results of the Classification Procedure -- AVII.2 Forming the Scales -- VIII. Detailed Statistical Results on how the Scales Relate to Financial Performance -- IX. Technical Characteristics of the Translog Performance Function -- AIX.l The Performance Function -- AIX.2 Specific Characteristics of the Firm -- AIX.3 Specific Functional Form -- AIX.3.1 Technical Characteristics -- AIX.3.2 Choice of Form -- X. Toward Estimating Scale Values From Publicly Available Data -- AX.1 Gathering and Assessing the Data -- AX.2 Assembling the Data -- AX.2.1 Environmental Scales -- AX.2.2 Strategy Scales -- AX.2.3 Organization Structure Scales -- AX.2.4 Organizational Climate Scales -- AX.2.5 “Other Performance”Scales -- AX.3 Using the Data -- XI Developing Firm Profiles by Cluster Analysis -- XII. Authors who have Studied the Underlying Concepts Summarized in our 34 Scales -- References -- 1. General References -- 2. References for Hambrick’s 1980-1985 “Top 50” Strategy Studies -- 3. References for Our 1984-1993 “Top 50 Plus” Strategy Studies -- 4. References for the Meta-Analysis of Financial Performance Literature.

10.1007/978-94-011-5380-5 [DOI]

ECONIS - Online Catalogue of the ZBW