Mission Power and Firm Financial Performance
| dc.contributor.author | Téllez, Diego | |
| dc.contributor.author | Godoy, Jésus | |
| dc.contributor.eafitauthor | dftellezf@eafit.edu.co | |
| dc.coverage.spatial | Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
| dc.date.accessioned | 2017-03-22T20:02:26Z | |
| dc.date.available | 2017-03-22T20:02:26Z | |
| dc.date.issued | 2017-02-23 | |
| dc.description.abstract | We estimate the effect from mission statement on firm financial performance in a sample of Colombian companies. The mission power, a latent variable defined by using tools from word content analysis, is included in a structural equation model to compute its impact across two channels: the profit margin and the assets turnover. Our estimates show that the no-significant impact of mission statement, which is documented in the literature, may be caused by the opposite effect that sales amount induces on both channels. We disentangle both effects and show that the assets turnover dominates which suggest that the mission statement compels good assets management practices. | eng |
| dc.identifier.uri | http://hdl.handle.net/10784/11233 | |
| dc.language.iso | spa | eng |
| dc.publisher | Universidad EAFIT | spa |
| dc.publisher.department | Escuela de Economía y Finanzas | spa |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | mission statement | spa |
| dc.subject.keyword | financial performance | spa |
| dc.subject.keyword | word content analysis | spa |
| dc.subject.keyword | structural equation model | spa |
| dc.title | Mission Power and Firm Financial Performance | eng |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.local | Documento de trabajo de investigación | spa |
Archivos
Bloque original
1 - 1 de 1
No hay miniatura disponible
- Nombre:
- WP-2017-04 Jesús Godoy.pdf
- Tamaño:
- 687.17 KB
- Formato:
- Adobe Portable Document Format
- Descripción:
- Documento de trabajo de investigación
Bloque de licencias
1 - 1 de 1
No hay miniatura disponible
- Nombre:
- license.txt
- Tamaño:
- 2.5 KB
- Formato:
- Item-specific license agreed upon to submission
- Descripción: