This paper provides direct evidence that managerial style is a key determinant of the firm’s cost of capital, in the context of private debt contracting. Applying the novel empirical method by Abowd, Karmarz, and Margolis (1999) to a large sample that tracks job movement of top managers, we...

It is known that anticorruption measures do not significantly reduce the corruption of state employees in Russia. The goal of this research is to analyse factors that influence the level of bribery in public procurement. The investigation is based on data from two surveys. The first was...

We examine alternative hypotheses for the demutualisation of a sample of Canadian life insurance companies (1999-2000) as well as short-run and long-run market effects of demutualisation on firm performance. Our results indicate that the Canadian insurance companies became more efficient after...

Information technology range (IT range), or the strategic information flow regarding a manufacturing firm's products, production, logistics and suppliers, has long been recognised as a key determinant of a firm's competitive advantage. Various studies also show that flexible suppliers,...

Good corporate governance system minimises the misconduct risks of the authority to decide about the company contribute to the fall of capital costs and therefore has a positive effect on the economic activities of the company. Moreover, it is expected that these positive results reflect on the...

The purpose of this research was to explore the components in the content of mission statements and investigate the impact of such statements on company performance. Both qualitative and quantitative approaches were used to explore the mission statements and their impact on performance...

Business value added is a complex multilayer category whose elements are conflicting from the perspective of the company. It can be defined as the difference between revenues and costs of purchased or produced goods and services. Elements of the value added structure are: salaries, wages and...

Over the last few years, the agro food industry has been undergoing a process of accelerated change. This exploratory research analyses the strategic choices of Campania (Italy) agro food firms and focuses on competitive issues; issues that are largely affected by the mono-product nature of the...

In spite of the normative appeal of flexibility, the concept has rarely been considered from a strategic marketing perspective. Without being market focused, flexibility will not result in superior value creation and a sustainable competitive advantage. In the light of the above shortcomings,...