This study aims to determine whether financial performance is persistent in serial entrepreneurship and, if so, whether good performance is more persistent than bad. It is novel as studies focusing on financial performance in successive firms ran by serial entrepreneurs are scarce. The paper...

This study aims to identify the financial predictors and processes of (non-)bankrupt exporters' failure in five European countries. A novel theoretical concept of financial processes based on the dynamic evolution of different types of financial crises was created. Relying on gaps in the...

The extant literature on the association of political connectedness and performance of large firms has led to controversial results, while the context of micro-, small- and medium-sized enterprises (SMEs) has largely been overlooked in relevant studies. To resolve these gaps, the objective of...

Payout (dividend) policy has been a controversial topic for decades. Theoretical and empirical literature has listed dozens of factors that could affect firm's payout decisions. Current paper analyses the influence of financial performance on firms' payout decisions based on a large sample of...