This research examines the nature of the interrelationship between strategic change and the value creation process and answers a series of fundamental questions remained unanswered in the scientific literature, yet rich in advice on the question of strategic change. We respond to three research...

We investigate the interdependence between the adoption of the incentive system based on economic value added (SIVEA), the structure of governance and financial decision-making. Controlling for endogeneity between these various variables made it possible to document the existence of a positive...