Description |
1 online resource (xiv, 116 pages) : illustrations |
Series |
BestMasters |
|
BestMasters.
|
Contents |
Geleitwort; Table of contents; Table of figures; List of tables; List of abbreviations; 1 Introduction; 1.1 Problem definition; 1.2 Goal of the thesis; 1.3 Structure of the thesis; 2 Methodology; 2.1 Literature Review; 2.2 Research design; 2.3 Sample selection; 2.4 Data collection; 2.5 Measures; 2.6 Data analysis; 3 Literature review; 3.1 Slack; 3.1.1 Definition and conceptualization of slack; 3.1.2 History of slack in literature; 3.1.3 Role and functions of slack; 3.1.4 Antecedents of slack; 3.1.5 Measurement of slack; 3.1.6 Potential utilization of slack |
|
3.2 The relationship between slack and performance3.2.1 Definition of performance; 3.2.2 Theories and findings on the relationship; 3.2.3 Intervening variables on the relationship; 3.3 Uncertainty and munificence in the external environment; 3.3.1 Definition of uncertainty and munificence; 3.3.2 Impact of environmental uncertainty and munificence on slack; 3.3.3 The financial crisis as an example for high uncertainty and low munificence; 3.4 Summary; 4 Propositions and hypotheses; 4.1 Propositions and hypotheses concerning the impact of slack on performance |
|
4.2 Propositions concerning intervening variables on the relationship5 Empirical results; 5.1 Quantitative correlational analysis; 5.2 Qualitative content analysis; 5.2.1 Novartis AG -- most new products; 5.2.2 Roche Holding AG -- most M & A activities; 5.2.3 Almirall SA -- initial public offering; 6 Discussion of the findings; 7 Conclusion and forecast; 7.1 Limitations of the study; 7.2 Potential for future research; 8 List of references |
Summary |
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 |
Bibliography |
Includes bibliographical references |
Notes |
Foreword in German |
|
Online resource; title from PDF title page (SpringerLink, viewed January 6, 2014) |
Subject |
Corporations -- Finance.
|
|
Pharmaceutical industry -- Europe -- Management
|
|
BUSINESS & ECONOMICS -- Industries -- General.
|
|
Corporations -- Finance
|
|
Pharmaceutical industry -- Management
|
|
Europe
|
Form |
Electronic book
|
Author |
Lehner, Othmar, writer of supplementary textual content
|
ISBN |
9783658045524 |
|
3658045523 |
|
3658045515 |
|
9783658045517 |
|