Joanna Jaszczuk, Anna Białek-Jaworska, Krzysztof Opolski, Marek Sylwestrzak and Katarzyna Trzpioła
leverage”. The Journal of Finance 28(4): 911–922. 10.1111/j.1540-6261.1973.tb01415.x Kraus Alan Robert H. Litzenberger. 1973 “A state-preference model of optimal financial leverage” The Journal of Finance 28 4 911 922
 Landry, Suzanne, Anne Fortin and Antonello Callimaci. 2013. “Family firms and the lease decision”. Journal of Family BusinessStrategy 4(3): 176–187. 10.1016/j.jfbs.2013.03.003 Landry Suzanne, Anne Fortin Antonello Callimaci. 2013 “Family firms and the lease decision” Journal of Family BusinessStrategy 4 3
, eroding the incentives for producers to move their activities from developed to developing countries.
Offshoring, re-shoring, and robotization are part of a general rethinking of businessstrategies that have become more complex and based on a wider set of variables than simple cost comparisons ( De Backer et al., 2016 ). On the one hand, the need to face different types of risk and to deal with increased volatility in demand, exchange rates, or commodity prices has shaped outsourcing decisions. These and other issues might have pushed several companies to shore the
This paper investigates the impact of business models on bank performance during the period 2007-2008 among 156 banks from Central and Eastern European countries. The findings show that banks with higher capitalization perform better and present a lower probability of default. The orientation towards the traditional lending activities as well as a higher degree of income diversification boosts performance. Using a Difference-in-Difference framework we also highlight the importance of bank business strategies for bank performance across different bank characteristics (ownership, size) and macroeconomic conditions (financial crisis, EU membership status, regulatory framework.
1. Attaran, M. (2004). Exploring the relationship between information technology and business process reengineering %J Inf. Manage. 41(5), 585-596. doi: 10.1016/s0378-7206(03)00098-3
2. Brynjolfsson, E., & Hitt, L. M. (2000). Beyond Computation: Information Technology, Organizational Transformation and Business Performance. Journal of Economic Perspectives, 14(4), 23-48.
3. Chester, A. N. (1994). Aligning Technology with BusinessStrategy. Research- Technology Management, 37(1), 25-32. doi: 10
Money to Other Firms? Economics and Business Review, 3 (4), 87-110.
Białek-Jaworska A. (2018). Uwarunkowania, mechanizmy i efekty udzielania pożyczek przez przedsiębiorstwa niefinansowe . Warszawa: CeDeWu.
Blasio, G.D. (2005). Does Trade Credit Substitute Bank Credit? Evidence from Firm-level Data. Economic notes, 34 (1), 85-112.
Brandenburger, A.M., Stuart, H.W.Jr. (1996). Value-based BusinessStrategy. Journal of Economics & Management Strategy, 5 (1), 5-24.
Buchuk, D., Larrain, B., Muñoz, F., Urzúa, F. (2014). The Internal Capital
Valuation, Excessive Assets and Hidden Inefficiencies. Contemporary Economics, 4 , 44–57.
O’Brien, T. (2003). A simple and flexible DCF valuation formula. Journal of Applied Finance, 13 (2), 54–62.
Pisano, G. (2015). A Normative Theory of Dynamic Capabilities: Connecting Strategy, Know-How, and Competition , Working Paper (No. 16-036).
Porter, M. (1980). Competitive Strategy . New York: Free Press.
Shapiro, C. (1989). The Theory of BusinessStrategy. RAND Journal of Economics, 20 (1), 135–137.
Teece, D., Pisano, G., Shuen, A. (1997
Marika Basheska Gjorgjieska, Vasilika Kume and Besa Shahini
Danis, W. M., 2006. Businessstrategy types and innovative practices. Journal of Managerial Issues, XVIII(2), 274-291.
Chandler, A. D., 1962. Strategy and Structure: Chapters in the History of the Industrial Enterprise. Cambridge, MA: MIT Press.
Chehade, G., Mendes, D., and Mitchell, D. M. L. F., ed., 2006. Culture change for analytical mind, Strategic Finance (M. L. Frigo Ed.).
Dye, R., and Sibony, O., 2007. How to Improve Strategic Planning. McKinsey Quarterly.
Feige, E. L., 2002. Dollarization and the
of Economic Forecasting, XVII(3), 51-71.
Wagner, D., Block, J. H., Miller, D., Schwens, C., and Xi, G., 2015. A meta-analysis of the financial performance of family firms: Another attempt. Journal of Family BusinessStrategy, 6(1), 3-13. DOI: http://dx.doi.org/10.1016/j.jfbs.2015.01.001
Wang, K., and Shailer, G., 2015. Ownership concentration and firm performance in emerging markets: A meta-analysis. Journal of Economic Surveys, 29(2), 199-229. DOI: http://dx.doi.org/10.1111/joes.12048
Liliana Eva Donath, Roxana Ioan and Tatenda Mandimutsira
. Determinants of Corporate Social Responsibility Disclosure: An Application of the Stakeholder Theory. Accounting Organisations and Society, 17 (6), 596.
Schaltegger, S., and Wagner, M., 2010. Sustainable entrepreneurship and sustainability innovation: categories and interactions. BusinessStrategy and the Environment, 20 . doi: https://doi.org/10.1002/bse.682
Sharpe, W. F., 1963. A Simplified Model for Portfolio Analysis. Management Science, 9 (2), 277-293. doi: http://dx.doi.org/10.1287/mnsc.9.2.277
Statman, M., and Glushkov, D., 2009. The Wages of
: Management, Measurement and Reporting . Washington, D.C.: Brookings Institution Press.
Lev, B., and Daum, J. H., 2004. The dominance of intangible assets: Consequences for enterprise management and corporate reporting. Measuring Business Excellence, 8 (1), 6-17. doi: http://dx.doi.org/10.1108/13683040410524694
Marr, B., 2007. Measuring and managing intangible value drivers. BusinessStrategy Series, 8 (3), 172-178. doi: http://dx.doi.org/10.1108/17515630710684169
Ministry of Tourism Republic of Croatia, 2017. Croatian National Bank: Tourism in 2016