How financial slack affects corporate performance [electronic resource] : an examination in an uncertain and resource scarce environment / Bernadette Gral ; with a foreword by Dr. Othmar Lehner.

How financial slack affects corporate performance [electronic resource] : an examination in an uncertain and resource scarce environment / Bernadette Gral ; with a foreword by Dr. Othmar Lehner.

9783658045524 electronic book
3658045523 electronic book
9783658045517

Wiesbaden : Springer Gabler, 2014.

English

Foreword in German.

1 online resource (xiv, 116 pages) : illustrations.

10.1007/978-3-658-04552-4 doi

HG4026

338.4/76151

Bernadette Gral examines the relationship between financial slack and corporate performance in the European pharmaceutical industry during the financial crisis of 2007 to 2010. Her investigation includes correlational and regression analyses as well as the qualitative content analysis of newspaper articles. The results show that financial slack influences corporate performance measured as ROA based on net income, thus implying that firms use slack resources to enhance performance during crises. The findings support the arguments for a beneficial effect of financial slack on performance according to the resource based view and behavioral theory of the firm.

Includes bibliographical references.

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Description based on online resource; title from PDF title page (SpringerLink, viewed January 6, 2014).

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