Purpose: Academic spin-off firms are considered an important mechanism to transfer technological knowledge from university to industry, although they often show a low growth rate. One possible cause is the lack of proper marketing capabilities, since spin-off managers tend to reduce the role of...

Purpose – The purpose of this paper is to examine the relation between managerial entrenchment and dividend policy for a large number of US industrial firms and examine the relative importance of three competing explanations behind the empirical association between managerial entrenchment and...

The aim of this chapter is to examine whether corporate governance in Serbia is based on affirmation of responsible and ethical conduct. The concept of corporate governance refers to the system by which companies are managed and controlled in order to generate long term economic value for its...

A gazdasági környezet változásaihoz történő szervezeti alkalmazkodás eredményességét alapvetően befolyásolja az, hogy az érintett szervezetek működésének különféle területein szükséges változtatások indokolt mértékét, illetve megvalósítási esélyeit a menedzserek...

Concurrentie is de motor achter innovatie en dynamiek in markten.Sectoren zoals het openbaar vervoer, water, energie, en telecom worden niet voor niets door nationale en internationale overheden geliberaliseerd en gedereguleerd. Het doel is markten te creëren met eerlijke kansen voor nieuwe...

In proportion to the size and relevance of inventory within the retail industry, there is an inadequate amount of research that can be found explaining the impact inventory has on the performance of the retail firm. These studies hypothesise that inventory turns are directly correlated to the...

Purpose – Given the ongoing demographic change in European countries, this paper aims to explore empirically the link between age structures of employees in firms and firm performance. Design/methodology/approach – Based on theoretical considerations, the paper examines the link between both...

Purpose – The purpose of this paper is to identify the performing and non-performing companies by using multiple discriminant analysis (MDA) and multiple regression and the ratios that could distinguish between the performing and the under-performing companies. Design/methodology/approach –...

Purpose – Conventional studies discuss the effect of managerial ownership on firm performance and have conflicting findings. This paper seeks to find divergent mutual effects existing between managerial ownership and firm performance. Design/methodology/approach – The three-stage-least...

Purpose – The aim of this paper is to determine whether the effort invested by service companies in employee training has an impact on their economic performance. Design/methodology/approach – The study centres on an intensive labor sector, where the perception of service quality depends on...