In this paper, we show that Tobin's q and firm diversification are negatively related. This negative relation holds for different diversification measures and when we control for other known determinants of q. We show further that diversified firms have lower q's than equivalent

Cultural diversity at the top: Does it increase innovation and firm performance?

The resource-based view of the firm attributes superior financial performance to organizational resources and capabilities. This paper develops the concept of IT as an organizational capability and empirically examines the association between IT capability and firm performance. Firm specific

The impact of floods on firms ’ performance

While previous empirical literature has examined the effect of founder-CEOs on Þrm performance, it has largely ignored the effect of Þrm performance on founder-CEO status. In this paper, we use instrumental variables methods to better understand the relationship between founder-CEOs and performance

In this research I investigated the impact of late privatization on the growth of labor productivity for Ukrainian industrial, agricultural and services firms during 1991-2005. Despite long history, the issue of privatization and especially the effectiveness of different methods is still widely

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In 590 for-profit and nonprofit firms from the National Organizations Survey, we found positive associations between human resource management (HRM) practices, such as training and staffing selectivity, and perceptual firm performance measures. Results also suggest methodological issues

. WIDESPREAD PRIVATIZATION IN RECENT DECADES has generated a large empirical literature concerning the effect of ownership on firm performance. Most studies find that privatization has a positive impact on the profitability and efficiency of firms (see Megginson and Netter (2001) for a recent survey). 1

Abstract: We examine CEO turnover and firm financial performance. Accounting measures of performance relative to other firms deteriorate prior to turnover, and improve subsequently. Relative performance improvements are positively related to institutional shareholdings and are greater when