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Let's talk strategy: the impact of voluntary strategy disclosure on the cost of equity capital
Sieber, Tom; Weißenberger, Barbara E.; Oberdörster, … - In: Business Research 7 (2014) 2, pp. 263-312
This paper deals with the impact of voluntary strategy disclosure in management reports on the cost of equity capital …. Such an impact is not obvious, as investors might consider strategy information as 'cheap talk' and therefore ignore it. We … analyze a sample of 100 German listed firms from 2002 to 2008, measuring strategy disclosure levels using hand …
Persistent link: https://www.econbiz.de/10010435809
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The influence of the trade-off between profitability and future increases in sales on cost stickiness
Argilés-Bosch, Josep Maria; García-Blandón, Josep; … - In: Estudios de Economía 44 (2017) 1, pp. 81-104
This study analyses cost stickiness under the dilemma between current profitability and future sales increase. When … activity decreases firms are faced to keep profitability adjusting resources, while they should also consider long term … future opportunities. We find empirical evidence that changes in current firm profitability and one year ahead sales increase …
Persistent link: https://www.econbiz.de/10011985522
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The valuation implications of sales growth in start-up ventures
Gavious, Ilanit; Schwartz, Dafna - In: The Journal of Entrepreneurial Finance (JEF) 13 (2009) 2, pp. 1-24
We examine whether and how investors' reliance on financial information is affected by the rate of sales growth of a start-up venture. We find that investors discern between firms by the extent to which their products are adopted by the market. For firms that failed to increase their sales since...
Persistent link: https://www.econbiz.de/10010281057
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Derivative Use by Romanian Banks After the EU Adhesion: A Financial Reporting Perspective
Huian, Maria Carmen; Apostol, Ciprian - In: CES Working Papers 6 (2014) 2, pp. 74-84
Romanian banks use derivatives to hedge against or speculate on the movement of economic variables such as foreign exchange rate or interest rate. To report these contracts, they apply the IFRS in both consolidated accounts (from 2007 onwards) and individual accounts (starting with 2012). This...
Persistent link: https://www.econbiz.de/10012017136
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Financial information and management decisions: Impact of accounting policy on financial indicators of the firm
Černius, Gintaras; Birškytė, Liucija - In: Verslas: Teorija ir praktika / Business: Theory and Practice 21 (2020) 1, pp. 48-57
To be useful for decision-making accounting information needs to be of high quality. This article examines how tax accounting rules may impact the accuracy and reliability of the information contained in financial statements. The simulation model reveals that significant distortions occur in...
Persistent link: https://www.econbiz.de/10012703573
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Influence of information technology on organization strategy
Sibanda, Mabutho; Ramrathan, Durrel - In: Foundations of Management 9 (2017) 1, pp. 191-202
technology has resulted in little empirical evidence on how it influences organization strategy. The Strategic Alignment Model … was a popular model created to assist organizations to align their information technology and their business strategy … alignment between information technology and strategy as better integrated roles bring a combination of these two elements. …
Persistent link: https://www.econbiz.de/10011923156
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Análisis económico-financiero de las empresas concesionarias de automóviles en España
Rico Belda, Paz - In: Revista de Métodos Cuantitativos para la Economía y … 20 (2015), pp. 95-111
This paper makes an economic and financial analysis of car dealerships in Spain, using data from SABI database. Moreover, it analyses the economic and financial characteristics of firms that determinate that, in the same crisis context, some firms manage to have positive profit, while other ones...
Persistent link: https://www.econbiz.de/10011787575
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Legitimidad como factor clave del éxito organizativo
Díez Martín, F.; Blanco González, A.; Prado Román, C. - In: Investigaciones Europeas de Dirección y Economía de … 16 (2010) 3, pp. 127-143
In this article we tried to synthesize the existing literature on organizational legitimacy, showing its importance for business development. The article's central argument suggests the existence of certain organizational actions whose development address legitimacy to organizations. At the same...
Persistent link: https://www.econbiz.de/10010280510
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Empresas integradoras como impulso a la competitividad de las mipymes: Un enfoque basado en recursos y capacidades
Reynoso-González, Jorge José Luis; Vargas-Hernández, … - In: Atlantic Review of Economics 2 (2016)
This paper aims to show a theoretical description of the integrative enterprises under resources-based view. The limitations of micro, small and medium enterprises is analyzed, and how integrative enterprises contribute to increased competitiveness through capacity development and integration of...
Persistent link: https://www.econbiz.de/10011966820
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Efecto del plazo de ejecución estratégica sobre la obtención de legitimidad organizativa
Díez-Martín, Francisco; Prado-Román, Camilo; … - In: Investigaciones Europeas de Dirección y Economía de … 19 (2013) 2, pp. 120-125
This research has been carried out in order to analyze the development of actions to modify organizational legitimacy. We examine the relationship between the degree of organizational goals implementation and pragmatic legitimacy. Study has been developed on the European Area of Higher...
Persistent link: https://www.econbiz.de/10011984980