Determinants of Financial Performance: A Meta-Analysis
- 1 October 1990
- journal article
- review article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 36 (10) , 1143-1159
- https://doi.org/10.1287/mnsc.36.10.1143
Abstract
A meta-analysis of results from 320 published studies relates environmental, strategic and organizational factors to financial performance. Some factors (e.g., concentration and growth) have been studied widely and have a relatively consistent positive impact on performance. Other widely-studied factors (e.g., size) have few consistent effects. Many factors (particularly organizational variables) are understudied. We suggest implications for research and management practice.Keywords
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