Found 2 article(s) for author 'Financial Performance'

Corporate Purpose and Financial Performance

Corporate Purpose and Financial Performance. George Serafeim, October 11, 2016, Paper, “An organization’s purpose is not a formal announcement, but depends on the employees believing in and acting to promote that purpose. This study provides evidence about whether employee beliefs in a strong corporate purpose are associated with superior or inferior financial performance. It shows that organizations where middle managers and salaried professionals feel a strong sense of purpose and have clarity about their job responsibilities and tasks experience superior future financial performance. There was no association for senior executives, sales, or hourly workers.Link

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What Do State-Owned Development Banks Do? Evidence from BNDES, 2002-09

What Do State-Owned Development Banks Do? Evidence from BNDES, 2002-09. Aldo Musacchio, February 2015, Paper. “Defendants of state-owned development banks emphasize their role in reducing capital constraints and fostering productive investment; detractors point out that they may benefit politically connected capitalists or bail out inefficient firms. We study the effect of loans and equity investments of the Brazilian National Development Bank (BNDES) and find that they do not have any consistent effect on firm-level performance and investment, except for a reduction in...” May require purchase or user account. Link

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