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.
By:
Bernadette Gral Imprint: Springer Gabler Country of Publication: Germany Edition: 2014 ed. Dimensions:
Height: 210mm,
Width: 148mm,
Spine: 8mm
Weight: 1.806kg ISBN:9783658045517 ISBN 10: 3658045515 Series:BestMasters Pages: 116 Publication Date:27 December 2013 Audience:
Professional and scholarly
,
Undergraduate
Format:Paperback Publisher's Status: Active
Conceptualization and Measurement of Financial Slack.- Relationship between Financial Slack and Corporate Performance.- Impact of Environmental Uncertainty and Munificence on Financial Slack.
Bernadette Gral studied Controlling, Business Accountancy and Financial Management at the University of Applied Sciences Upper Austria/Steyr. She works as a consultant in the fields of finance and accounting.