Determinants of financial performance in the industrial firms. Please address all correspondence to the first author. This article aims to synthesize extant knowledge on the subject based on a metaanalysis of empirical studies on the export marketing strategy performance. The financial performance measures include both accounting and capital market data for the 4. Department of purchasing and supply, accra polytechnic, p. Introduction the analysis of corporate financial performance has a special significance for the management, in their attempt to maintain the companys stability and to increase its market share. Capital investment intensity shows a positive relationship to financial performance at the industry level. Every enterprise whenever big, medium or small needs finance to carry on its operations and to achieve its target. Abstract the links between small business performance and its determinants were metaanalyzed in this study. This study investigated determinants of financial performance of listed financial sectors in karachi stock exchange from 2008 to 2012. Orlitzky, marc 1998 a metaanalysis of the relationship between corporate social performance and firm financial performance, dissertation thesis.
Determinants of the financial performance of private. Jha and hui 2012, compared the financial performance of different ownership structured commercial banks in nepal based on their financial characteristics and identified the determinants of performance exposed by the financial ratios, which were based on camel model. Evidence from jordan article pdf available january 2018 with 9,482 reads how we measure reads. More recently, research has focused on the impact of macroeconomic factors on bank performance. Jaramillo 2004 a metaanalysis of the relationship between market orientation and business performance. A metaanalysis of results from 320 published studies relates environmental, strategic and organizational factors to financial performance. The previous studies such as adams 1996, adams and buckle 2003 and shiu 2004 focus mainly on the performance of the insurance business. A meta analysis of the relationships between organizational innovation and of its potential determinants resulted in statistically significant associations for specialization, functional differentiation, professionalism, centralization, managerial attitude toward change, technical knowledge resources, administrative intensity, slack resources, and external and internal communication. College avenue, tulsa, ok 74104, usa abstract identifying the marketing strategy elements that influence. Pdf the determinants of financial ratio disclosures and. Determinants of banks liquidity and their impact on. Determinants of customer loyalty and financial performance.
Agency theory dominates research on equity holdingsfirm performance relationships. The determinants of financial performance in the romanian. Internal determinants of bank performance mamatzakis and remoundos 2003 pointed out that the variables that directly relate to strategic. This paper summarizes a meta analysis of statistical results in the literature on industry, firm and business financial performance. Determinants of corporate financial performance regression. The purpose of this study was to evaluate the determinants of banks financial performance in developing economies with a focus on kenyan commercial banks. Drawing on formulations of normative and instrumental stakeholder theory, we argue that firms with a strong ethical identity achieve a greater degree of stakeholder satisfaction ss, which, in turn, positively influences a firms financial performance.
Sloan school of management, massachusetts institute of technology. The competitiveness of a corporation and its performance is judged by comparison with its peers and against the best practice manzoni, 2007. Second, the study provides a comparative analysis of the determinants of financial performance. Determinants of banks liquidity and their impact on financial performance in nepalese commercial banks sushil subedi1and bivab neupane2 abstract this paper aims to study the relationship between liquidity of selected nepalese commercial banks and. But what do we know about how mfis reach and combine these two goals. Size of firm or business appears unrelated to financial performance. Analysis of determinants of profitability of commercial. Download limit exceeded you have exceeded your daily download allowance. However, the findings reported in the literature are characterized by fragmentation and diversity, limiting theory development, and improvement of management practice in the field. Determinants of the financial performance of private commercial banks in ethiopia. Determinants of financial performance of financial sectors.
By using ols estimation method to measure the effect of internal and external determinants on financial performance in terms of return on asset. This study is to provide an insight into concept of financial performance using five power analysis consists of inventory turnover. Microfinance institutions mfis generally aim at improving the access of the poor to financial services while at the same time being financially sustainable. Economic indicators, ownership structure, capital structure, risk management, financial performance, pakistan. A metaanalysis is a recently widely used method to summarise and assess the vast empirical results of research in a comprehensive. Does innovation mediate firm performance a metaanalysis of determinants and consequences of organizational innovation abstract this study uses emerging metaanalytic methods, in combination with structural equations methodology, to synthesize empirical studies that examine the correlates antecedents andor outcomes of organizational. A metaanalysis a metaanalysis of results from 320 published studies relates environmental, strategic and organizational factors to financial performance. Using accounting decompositions, as well as panel regressions, alhaschimi 2007 studies the determinants of bank net interest rate margins in 10 ssa countries. Ellstrand california state university, long beach although a host of theorydriven rationales suggest a relationship between board of. Mar 17, 2007 in this article, we empirically assess the impact of corporate ethical identity cei on a firms financial performance. Citations of the determinants of firms hedging policies. A critical analysis of financial performance of agricultural development bank adb, ghana gilbert sebeyeboah, charles mensah agricultural development bank, sme dept. Descriptive statistics, correlation matrix, chow test, hausman test for fixed effect model and random effect model and breuschpagan lagrange.
Mar 24, 2015 the financial position, performance and changes in financial pos ition of an entity that is useful to a wide range of users in making economic decisions, iasb 2010. Does environmental performance affect financial performance. This research strived to give an understanding into the determinants of financial performance in kenya. The study presents bivariate and multivariate analyses for 42 industrial manufacturing firms that engaged in the tender offer form of acquisition. Were upgrading the acm dl, and would like your input. Analysis of determinants of profitability of commercial banks in botswana. Pdf determinants of financial performance of commercial. The purpose of this study was to investigate the factors that influence the financial performance of insurance companies in kenya. Financial performance determinants of organi zations. A meta analysis of results from 320 published studies relates environmental, strategic, and organizational factors to financial performance.
Findings from the most frequently studied relationships include. Marketing strategy determinants of export performance. Meta analysis provides one approach to information summary that quantifies a comparison of results from diverse studies which are not directly comparable in terms of research technology or model specification. The objective of this study was to investigate the factors of financial performance of financial sectors in pakistan. Economic determinants of romanian firms financial performance. It calculates es that can be interpreted as a standardized difference between performances of sri and conventional portfolios. Thus, it can be concluded that the financial performance of commercial banks in kenya is driven mainly by board and management decisions, while.
Unlike the traditional financial performance measure, the question is still an open whether the quality of financial reporting leads to systematic improvements in non financial business performance measures or not. The moderating role of ownership identity on the financial performance of commercial banks was insignificant. To reconcile the conflicting results, we statistically combine the results from 140 studies and examine whether these results vary by firms legalregulatory and sociocultural contexts. First, operating performance of portfolio companies and exit decisions are material drivers of pe value creation. Using a statistical metaanalysis of 75 empirical studies from 1992 to 2017, this research. Despite a large body of literature examining the relationship between women on boards and firm financial performance, the evidence is mixed. Hansen graduate school of management, university of washington, seattle, washington, u. Faculty of humanities, charles university in prague, u krize 8, praha 5 150 00, czech republic article info abstract article history. This paper summarizes a metaanalysis of statistical results in the literature on industry, firm and business financial performance. The determinants of financial performance in general. It is recommended that financial sectors should consider eva as an important factor for financial performance. This study, therefore, has come to test empirically the. Evidence from five continents international journal of research in marketing 212.
This connection should be important for at least three reasons. By standardizing performance differences, whatever the performance measures, a common measure of difference. Can socially responsible investments be compatible with. Received 17 july 2009 received in revised form 8 march 2010 accepted 5 april 2010 available online 16 september 2010. Key words financial performance, romanian insurance market, panel data, fixed effects model, random effects model. Katsikeasb, saeed samieec, auniversity of cyprus, cyprus bcardiff business school, cardiff university, uk ccollege of business administration, the university of tulsa, 600 s.
Optimal insurance with divergent beliefs about insurer total default risk, journal of risk and uncertainty, springer, vol. The determinants of commercial bank profitability in sub. It looked in to some of the key factors that determine financial performance and the extent to which they influence financial performance of insurance companies. Does innovation mediate firm performance a metaanalysis. In what extent the mfispecific, industryspecific and macroeconomic factors determinants the ethiopian micro finance industry financial performance from the period 20032011. A metaanalysis of results from 320 published studies relates. Rynes abstract most theorizing on the relationship between corporate socialenvironmental performance csp and corporate. We find evidence in support of the hypotheses that a positive association exists between corporate governance, and risk management and performance while mixed results are observed for other variables. Metaanalysis provides one approach to information summary that quantifies a comparison of results from diverse studies which are not directly comparable in terms of research technology or model specification. Abstractthe main purpose of this paper is to investigate the bank specific factors which can affect the. The performance of firm is a relevant construct, in strategic management research, across the globe and frequently it is used as a dependent variable. A meta analysis of results from 320 published studies relates environmental, strategic and organizational factors to financial performance. Second, varying cultural backgrounds are likely to affect financial decisionmaking in acquisition processes and, consequently, the performance of buyouts. Home browse by title periodicals management science vol.
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