The promise of increased competitive advantage has been the driving force behind the large-scale investment in information technology (IT) over the last three decades. There is a continuing debate among executives and academics as to the measurable benefits of this investment. The return on investment (ROI) and other performance measures reported in the academic literature indicate conflicting ...

The promise of increased competitive advantage has been the driving force behind the large-scale investment in information technology (IT) over the last three decades. There is a continuing debate among executives and academics as to the measurable benefits of this investment. The return on investment (ROI) and other performance measures reported in the academic literature indicate conflicting ...

This paper examines changes in the industry-adjusted financial performance of 48 sample firms that laid off five percent or more employees between 1985 and 1990. Our findings indicate that the firms show significant improvements in operating cash flows and cost efficiency despite poor sales performance following layoffs. There is also evidence that the firms’ asset size increases after the layo...

Using theories of internal capital markets, this paper examines the link between financial market integration and the value of global diversification. Based on a sample of 1,491 completed cross-border mergers and acquisitions (M&As) conducted by US acquirers during the 1990–2003 period, we find that, in general, US shareholders gain significant positive abnormal returns following the announceme...

In turbulent environments firms have to constantly adapt their business to the changing environment to achieve profitability. Identifying changing customer demand and responding to it through the introduction of new products and services is an important capability of a firm. In this regard, the concept of customer agility has been discussed in literature as the capability of a firm to sense and...

the purpose of this paper is a study on the effect of cash flows on the gap between actual and optimal financial leverage ratio companies listed in tehran stock exchange. in this regard, we try to help with advanced econometric techniques such as partial adjustment model on panel data and generalized method of moments to achieve a reasonable estimate of the impacts.in this paper, were analyzed ...

This paper examines the impact of corporate governance on the performance of 450 privatized firms in Vietnam. To study the effect of changes in management and the role of state ownership on the performance of privatized firms, we utilize a panel of 450 Vietnamese firms privatized over the 2000-2004 period. As the state ownership of these firms was determined exogenously, we avoid the simultanei...

This study provides a systematic literature review of empirical, survey types studies published in top-tier English academic journals about the impact customer involvement on innovation outcomes. The results distinguish from related concepts, outline extant definitional ambiguities involvement, and—based analyses prior definitions and measurement items—suggest an updated, new definition concept...