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How Financial Slack Affects Corporate Performance

An Examination in an Uncertain and Resource Scarce Environment

  • Book
  • © 2014

Overview

Authors:
  1. Bernadette Gral

    1. Fakultät für Management, FH Oberösterreich, Steyr, Austria

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  • Publication in the field of economic sciences
  • Includes supplementary material: sn.pub/extras

Part of the book series: BestMasters (BEST)

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Table of contents (7 chapters)

  1. Front Matter

    Pages I-XIV
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  2. Introduction

    • Bernadette Gral
    Pages 1-4

  3. Methodology

    • Bernadette Gral
    Pages 5-16

  4. Literature review

    • Bernadette Gral
    Pages 17-68

  5. Propositions and hypotheses

    • Bernadette Gral
    Pages 69-73

  6. Empirical results

    • Bernadette Gral
    Pages 75-98

  7. Discussion of the findings

    • Bernadette Gral
    Pages 99-104

  8. Conclusion and forecast

    • Bernadette Gral
    Pages 105-108

  9. Back Matter

    Pages 109-116
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Keywords

About this book

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.

Authors and Affiliations

  • Fakultät für Management, FH Oberösterreich, Steyr, Austria

    Bernadette Gral

About the author

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.

Bibliographic Information

  • Book Title: How Financial Slack Affects Corporate Performance

  • Book Subtitle: An Examination in an Uncertain and Resource Scarce Environment

  • Authors: Bernadette Gral

  • Series Title: BestMasters

  • DOI: https://doi.org/10.1007/978-3-658-04552-4

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden 2014

  • Softcover ISBN: 978-3-658-04551-7Published: 27 December 2013

  • eBook ISBN: 978-3-658-04552-4Published: 30 December 2013

  • Series ISSN: 2625-3577

  • Series E-ISSN: 2625-3615

  • Edition Number: 1

  • Number of Pages: XIV, 116

  • Number of Illustrations: 7 b/w illustrations

  • Topics: Business and Management, general, Entrepreneurship, Accounting/Auditing

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