Using a sample of Australian firms, we document improvements in operating performance following performance shocks. These improvements result in part from turnaround strategies adopted by management. Evidence suggests that changes made to leverage and operating expenses result in a negative contemporaneous effect on performance improvement. The adjustments made to working capital (revenue growt...

firms pursue diversification for sake enhancing financial performance. some theories state positive relationship between diversification and financial performance. however, there are some theories for negative relationship about the issue. the study has filled the gap that most studies done in developed countries and there are fewer studies in developing country like malaysia. in this study, re...

Service firms seek customers with high revenues, profits, or lifetime value. However, they frequently ignore variations in consumption that lead to cash flow variability and adversely influence service operations and financial performance. This study shows that variation in individual customers’ consumption or spending on services can be decreased in ways that are actionable by most managers, w...

Although faced with a quickly changing business environment, better performing firm can still develop and maintain a competitive advantage. This study applies the dual analysis in data envelopment analysis to consider performance improvement of the Asian lead frame firms, since this can indicate how the associated factors should be adjusted so that input wastages and/or output shortfalls can be...

Article history: Received 16 January 2013 Received in revised form 17 November 2014 Accepted 18 November 2014 Available online 24 November 2014 This paper investigates the impacts of ISO 14001 adoption on the performance of firms using a sample of Chinese firms. The results show that adopting ISO 14001 has insignificant impacts on the financial performance of Chinese firms. A further investigat...

High growth firms are critical for economic growth yet little is known about their funding arrangements. Examining a survey of over 8,000 UK Small and Medium Sized Enterprises (SMEs), this paper investigates the financial issues confronting high growth SMEs compared to non-high growth SMEs. The findings show that rapidly growing SMEs are significantly more likely to apply for finance than non-h...

The corporate sector all over the world is restructuring its operations through different types  of  consolidation  strategies  like  mergers  and  acquisitions  in  order  to  face challenges  posed  by  the  new  pattern  of  globalization,  which  has  led  to  the  greater integration of national and international markets.. The intensity of cross-border operations recorded an unprecedented ...

Financial corporations and especially banking institutions have important needs concerning to the development of software around their business core. The software, that traditionally had been developed in house by the IT departments, is now usually outsourced to IT firms. These firms work under the software factories model. An important feature within this sector is that usually the financial g...

We examine the relationship between the number of bank relationships and firms’ performance, evaluating possible differential effects related to firms’ size. Our sample of firms from Italy includes many small firms, 99 percent of which are not listed and for which bank debt is a major source of financing. In the sample, 4 percent of the firms have a single bank relationship, and 66 percent of t...