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Financial Success (financial + success)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting50%
Humanities and Social Sciences33%

Selected Abstracts

Effect of pollution control on corporate financial performance in a transition economy

ENVIRONMENTAL POLICY AND GOVERNANCE, Issue 4 2007
Dietrich Earnhart
Abstract This study analyzes the effect of pollution control on corporate financial performance in a transition economy. In particular, it assesses whether better pollution control, as measured by lower air pollutant emissions, improves or undermines financial success, as captured by accounting-based measures of financial performance, e.g. profitability. For this assessment, this study analyzes the effect of air pollution control using a panel of Czech firms for the years 1996,1998. The analytical results indicate that better pollution control neither improves nor undermines financial success. These results provide no support for the hypothesis that pollution prevention, generated by improved production processes, led to lower costs, and thus, greater profitability. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment. [source]

I Can't Get No Satisfaction,Necessity Entrepreneurship and Procedural Utility

KYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 2 2009
Joern Block
SUMMARY We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their self-reported satisfaction regarding their start-up. Our study identifies a new facet of procedural utility and offers new insights about the motivations and goals of nascent entrepreneurs. Most importantly, we identify a group of nascent entrepreneurs that ,cannot get satisfaction' with their start-up,not because their start-up fails to deliver financial returns, but because they did not choose to become entrepreneurs in the first place. This group of unsatisfied entrepreneurs includes individuals starting a business after a period of long-term unemployment and those individuals with a lack of better employment alternatives (necessity entrepreneurs). In addition, we provide additional evidence for the importance of both financial and non-financial incentives of entrepreneurs. While financial success is the most important determinant of start-up satisfaction, achievement of independence and creativity is also highly important. Our results emphasize the relevance of procedural utility for understanding economic behavior. We show that the process leading to a decision has an impact on the later satisfaction with the outcome of that decision. [source]

Performance of Australia's Ethical Funds

THE AUSTRALIAN ECONOMIC REVIEW, Issue 2 2001
John Tippet
Australia's three major public ethical investment funds achieved mixed financial success in the seven years to 30 June 1998, though on average the funds underperformed relative to the market. For the four-year and five-year holding periods to 30 June 1995 and 1996 respectively, the average holding-period returns for the three funds were less than the risk-free rate. This is strong evidence of investors incurring a financial discount for investing ethically and, with respect to the ethical investor's utility function, it is evidence of the marginal utility increasing as the ethical attributes of assets increase. [source]

Financial Champions and Masters of Innovation: Analyzing the Effects of Balancing Strategic Orientations,

THE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 6 2009
Angela Paladino
Theory predicts that market and resource orientations can each lead to innovation and financial success. Despite this, no research has examined whether the pursuit of both resource and market orientations is feasible and, if so, the impact of this combined effect on innovative and financial outcomes. This paper aims to address these gaps. Thus, it is the first to examine the interdependent relationship between market orientation (MO) and resource orientation (RO). Additionally, this study responds to calls for (1) cross-disciplinary research, particularly in the areas of marketing and strategic management, and (2) comparative studies of diverse strategic orientations on performance. In doing so, this paper investigates the difference in innovation performance and financial performance between firms adopting a high or low degree of market orientation or a high or low degree of resource orientation. This allows us to observe independent and interdependent effects of these orientations on the firm's performance. Data were collected from 250 senior executives in Australia. Confirmatory factor analysis and related techniques were applied to assess the robustness of the measures used. A two-way between-groups analysis of variance (ANOVA) was used to evaluate the relationships. Results show the emergence of four organizational types: unfocused imitators or followers; market-driven innovators; masters of innovation; and financial champions. From these, financial champions emerge as having the greatest impact on the financial performance of the firm, while masters of innovation are best for maximizing innovation outcomes. In fact, organizations with a high RO in the matrix (masters of innovation and financial champions) achieved a higher impact on innovation relative to the quadrants reflecting a lower MO. Results also demonstrate that pursuing a low degree of resource and market orientations leads to inferior financial performance. Therefore, a balance of resource and market orientations is important. A potential extension of this research is to assess these relationships on an industry-by-industry basis. This would contribute to our knowledge by allowing us to determine if and how these results differ between industries. Managerial and theoretical implications are also discussed. [source]

Hospital-Physician Collaboration: Landscape of Economic Integration and Impact on Clinical Integration

THE MILBANK QUARTERLY, Issue 3 2008
LAWTON ROBERT BURNS
Context: Hospital-physician relationships (HPRs) are an important area of academic research, given their impact on hospitals' financial success. HPRs also are at the center of several federal policy proposals such as gain sharing, bundled payments, and pay-for-performance (P4P). Methods: This article analyzes the HPRs that focus on the economic integration of hospitals and physicians and the goals that HPRs are designed to achieve. It then reviews the literature on the impact of HPRs on cost, quality, and clinical integration. Findings: The goals of the two parties in HPRs overlap only partly, and their primary aim is not reducing cost or improving quality. The evidence base for the impact of many models of economic integration is either weak or nonexistent, with only a few models of economic integration having robust effects. The relationship between economic and clinical integration also is weak and inconsistent. There are several possible reasons for this weak linkage and many barriers to further integration between hospitals and physicians. Conclusions: Successful HPRs may require better financial conditions for physicians, internal changes to clinical operations, application of behavioral skills to the management of HPRs, changes in how providers are paid, and systemic changes encompassing several types of integration simultaneously. [source]

REVIVING THE ROCOCO: ENTERPRISING ITALIAN ARTISTS IN SECOND EMPIRE PARIS

ART HISTORY, Issue 3 2005
Caroline Igra
Faced with a dearth of artistic opportunity at home and the promise of cultural riches elsewhere, Italian artists flocked to Paris in the mid-nineteenth century. Seeking assimilation and acceptance, they adapted a fashionable painting style that was not French in origin but Spanish, and primarily based on the work of Mariano Fortuny. This revival of eighteenth-century rococo genre painting, popular in, and promoted by, the Second Empire, brought these Italian artists financial success and artistic recognition, as individuals and as representatives of a nation. Giovanni Boldini and Giuseppe de Nittis were among the very few Italian artists to enjoy fame and fortune in Paris. Their practice in the French capital demonstrates how artistic choices and careers could be shaped by the demands of the art market and the conditions for success, and the pressures levied by discussions about the significance of national schools of art. [source]