This paper examines the correlation between the relative financial strength of public firms and their stock price performance. By using financial information obtained from the firms’ publicly available financial statement as inputs and outputs in Data Envelopment Analysis (CCR model), a relative financial strength of a firm is determined relative to other competing firms operating in the same m...

The advent of the VUCA era and development digital finance (DF) present opportunities challenges for manufacturing companies to seek sustainable innovation by increasing their organizational resilience (OR) withstand crises. production, flow, acquisition corporate knowledge are indispensable establishment resilience. In this paper, we analyze how make enterprises more courageous innovative in c...

Performance is critical for every listed firm, as it enhances shareholder’s value and capability to generate earnings from invested capital. Some of the firms listed on the Nairobi Securities Exchange (NSE) have been performing poorly as indicated by the rising number of firms issuing profit warnings. The competitive business environment is continuously working to drive down the rate of return ...

Article history: Received 31 August 2009 Received in revised form 8 July 2011 Accepted 18 July 2011 Available online 22 August 2011 This paper tests whether financial constraints play a disciplinary role in cash dissipation in the presence of agency problems. We hypothesize that when firms have difficulty raising external funds, empire-building managers of cash-rich firms will be less likely to...

performance evaluation of different organizations, is considered as a very important issue in the present literature. among the organizations, insurance companies, as part of protective services and with compensating roles in the economy of each country, have been studied extensively. it is maintained that successful operation of these industries will motivate other industries as well. in order...

This paper aims to advance in the knowledge of the economic impacts of ISO 50001 certification on firms’ performance. The study hypothesizes that ISO 50001 is associated with improvements in market value of firms. We employ, on one hand, event study methodology for a sample of 40 companies listed on different stock exchanges. On the other hand, we use market reaction to the announcement of ISO ...

Despite the view in the literature on organizational learning that this will enhance firms’ competitive advantage and lead to superior organizational performance, empirical research exploring the relationships between organizational learning and business performance has not been particularly forthcoming. Without such research, the case for the significance of learning organizationally is limite...