In this study, U.S. manufacturing firms' profitability measures including profit margins and returns on equity are examined over the 1971-2005 period. We find strong support for the “insulation hypothesis” as our results show that the profitability ratios and the valuation multiples of U.S....

We study the relation between the educational background of chief executive officers (CEOs) and firm performance for firms traded on Borsa Istanbul (BIST) between 2009-2015. We focus on manufacturing firms and analyze two different measures of performance, namely operating performance and...

This paper examines the relation between the degree and type of strategic interaction among industry firms and firm performance. As a measure of firm performance, we use data envelopment analysis (DEA) to estimate the efficiency of a firm relative to the ‘best practice' firms in its industry....

This paper contributes to the literature on interlocking directorates (ID) by providing a new solution to the two econometric issues arising in the joint analysis of interlocks and firm performance which are the endogenous nature of ID and sample selection bias due to the exclusion of isolated...

This study explores corporate strategies regarding intangibles. We argue that companies consciously or unconsciously follow particular investment strategies in intangibles by allocating resources among intangible assets. The key contribution of our research is a new way to classify companies...

In the literature on the firm-industry debate to explain organizational performance the firm effect has been more supported than the industry effect by empirical studies, mainly focused on manufacturing firms and long time periods. Unfortunately, little attention has been paid to the service...

This paper addresses the interaction relationship between debt financing and ownership structure towards firms' value in Malaysia. Two issues are addressed in this study. The study examines whether managers and controlling large shareholders pursue rent seeking objective through excessive...

Working capital management (WCM) plays a significant role in company's operations. The aim of this research is to explain how working capital management affects profitability of Serbian companies measured by ROA indicator. In order to answer the question, a quantitative analysis of working...

This study investigates the moderating role of ownership structure in the nexus between corporate governance and the financial performance of manufacturing firms in Ghana. The study uses GLS regression to analyze a panel dataset of 7 manufacturing firms over 14 years. We find a positive and...

This paper investigates the relation between product market competition, corporate governance and firm performance in Indian manufacturing industries covering the period 1995-2017. Evidence suggests that firm performance improves as competition increases. Besides, results depict heterogeneity in...