Corporate Structure & Performance

Corporate Structure & Performance
Author: Michael L. Lawriwsky
Publisher: London : Croom Helm ; New York : St. Martin's Press
Total Pages: 286
Release: 1984
Genre: Business & Economics
ISBN: 9780312170011

This stimulating and impressively argued book examines the many issues connected with corporate structure and performance.It reviews the existing literature on the subject and discusses the results of a massive research project carried out over a ten year period using data from 226 corporations. The issues are discussed in relation to corporations in Australia, Britain, Western Europe and the United States.

Public Management and Performance

Public Management and Performance
Author: Richard M. Walker
Publisher: Cambridge University Press
Total Pages: 0
Release: 2012-11-29
Genre: Business & Economics
ISBN: 9781107411678

Public services touch the majority of people in advanced and developing economies on a daily basis: children require schooling, the elderly need personal care and assistance, rubbish needs collecting, water must be safe to drink and the streets need policing. In short, there is practically no area of our lives that isn't touched in some way by public services. As such, knowledge about strategies to improve their performance is central to the good of society. In this book, a group of leading scholars examine some of the most pressing issues in public administration, political science and public policy by undertaking a systematic review of the research literature on public management and the performance of public agencies. It is an important resource for public management researchers, policy-makers and practitioners who wish to understand the current state of the field and the challenges that lie ahead.

Toward an Integrative Explanation of Corporate Financial Performance

Toward an Integrative Explanation of Corporate Financial Performance
Author: N. Capon
Publisher: Springer Science & Business Media
Total Pages: 428
Release: 1996-12-31
Genre: Business & Economics
ISBN: 9780792398318

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.

Ownership Structure and Corporate Performance

Ownership Structure and Corporate Performance
Author: Katinka Wölfer
Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Total Pages: 0
Release: 2016
Genre: Business & Economics
ISBN: 9783653062755

The book illustrates that the impact of ownership on firm value depends not only on the concentration of ownership but also on the identity of blockholders. Large shareholders can use their power to influence corporate performance. However, owners are no homogenous group and have different motivations and abilities.

Corporate Governance, Ownership Structure and Firm Performance

Corporate Governance, Ownership Structure and Firm Performance
Author: Hoang N. Pham
Publisher: Routledge
Total Pages: 190
Release: 2022-01-25
Genre: Business & Economics
ISBN: 1000540278

The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.

The Impact of Management Practices and Organizational Structure on Firm Performance

The Impact of Management Practices and Organizational Structure on Firm Performance
Author: Stefan Jelinek
Publisher: GRIN Verlag
Total Pages: 115
Release: 2010-12-16
Genre: Business & Economics
ISBN: 3640779134

Diploma Thesis from the year 2007 in the subject Business economics - Industrial Management, grade: 1,3, LMU Munich (Information, Organisation und Management / und CDTM), language: English, abstract: “The most significant factor in America, leading to high production at low cost, is efficient management.” This quotation is not from a longitudinal, empirical study, but it is stated by the British Productivity Council in the context of the Marshal Plan - the Anglo - American productivity mission in 1951. Hence, one question might be: Is there indeed a strong link between management practices and firm performance? A further question might be: How American management practices rank compared with European or Asian management practices? And what role plays organizational structure on firm performance? Are there interacted effects between management practices and organizational structure? Insights into the impact of management practices and organizational structure on firm performance are mainly based on theories. Consequently, there is a strong need to measure management practices and organizational structure across countries and cultures to verify theoretical hypotheses with empirical data. This paper sheds some empirical light on these topics as well as on the distribution of management practices and organizational structures across countries and industries. This book is based on a unique data set with more than 3500 management interviews to document and analyze the influence of management practices and organizational structure on firm performance (Bloom 2010). Furthermore, the role and impact of organizational change is obtained and compared to a strand of literature. This book relates to a number of strands in the literature. It builds on and extends the paper of Nick Bloom and John van Reenen (2007) “Measuring and explaining management practices across countries and industries.” Furthermore, this paper is related to the paper of Marianne Bertrand and Antoinette Schoar (2003), “Managing with style: the effect of managers on firm policies“ in which the effect of individual managers on firm performance is analyzed. This paper also builds on major organizational theories from Chandler, Lawrence and Lorsch and Picot. The empirical data has been obtained in a London School of Economics, McKinsey & Company and Stanford University joint project. The author of the book was part of a team of 35 international MBA, Ph.D students and professionals from top business schools around the world and conducted 201 management interviews himself.

Capital Structure, Equity Ownership and Corporate Performance

Capital Structure, Equity Ownership and Corporate Performance
Author: Krishna Dayal Pandey
Publisher: Taylor & Francis
Total Pages: 150
Release: 2023-08-16
Genre: Business & Economics
ISBN: 100092498X

This book provides empirical insights into the relationship between capital and equity-ownership structure of Indian manufacturing companies and their financial performance. It discusses and analyses the basic theories and concepts associated with capital structure, debt financing, levered and unlevered firms, the various forms of ownership, agency problem and its kind and the exploitation of minority owners by the large and largest owners. The study employs a set of the most reliable and suitable econometric estimation techniques to draw meaningful inferences on the Indian manufacturing sector. The novelty of this book lies in three particular aspects: the depth and dimension with which the topic is addressed; the robust empirical evidence that it has produced and the simple and intelligible approach with which it is authored. It communicates the crucial relevance of corporate capital structure and equity-ownership to the moderation of agency relationship and shaping the internal governance mechanism, which ultimately results in increased or decreased operational efficiency and financial performance. It will enable readers to understand whether an increased amount of debt capital would bring about positive results for firms or create an extra burden on the management of their finances, preventing them from taking productive investment decisions due to the threat of liquidation. The book will find an audience among advanced students, scholars and researchers who are interested in understanding the corporate finance practices and governance mechanism of Indian organizations.