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Toward an Integrative Explanation of Corporate Financial Performance (Hardcover, 1996 ed.)
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Toward an Integrative Explanation of Corporate Financial Performance (Hardcover, 1996 ed.)
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This volume is a milestone on our journey toward developing a more
comprehensive understanding of the underpinnings of corporate
financial performance. Weare concerned with both the factors that
cause the financial performance of some firms to be better than
others at a point in time and those factors that influence the
trajectory of firm financial performance over time. In addressing
these issues, we consider theoretical and empirical work on
financial performance, drawn from several literatures, as well as
present the results from our own empirical study. The review of the
theoretical and empirical work is contemporary; the major portion
of data comprising the empirical study was collected in the early
1980s as part of the Columbia Business School project on corporate
strategic planning, but some data sequences extend into the
mid-1980s and early 1990s. Our goals are to improve understanding
of firm financial performance by developing a more integrated
framework and to develop a research agenda based on what we have
learned. This volume consists of four chapters, 12 appendices that
provide detailed technical support and development for various
portions of the discussion and an extensive set of references. It
interweaves results from published literature in various fields
with our original empirical work and develops an integrative
approach to the study of firm fmancial performance.
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