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Title
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The role of financial resources as antecedents for strategic changes
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Author
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Abstract
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| Resources are the building blocks of firm behavior. Consequently, they are important determinants of firm performance, growth and survival. It is, therefore, of vital importance to have a good understanding of how firm resources affect firm behavior. In order to study how a firm’s resource profile affects firm behavior, we focus on financial resources, on the one hand, and strategic changes on the other. If resources are the building blocks of firm behavior, financial resources are the ingredients of those blocks. They can be freely allocated towards any purpose, and can also be used to acquire other resources. Strategic changes are actions that a firm has decided upon at the strategic level, such as exporting or acquisitions. They can be insightful to study firm behavior as they are a departure from the firm’s current behavior. And while a firm’s current behavior reflects the cumulation of all managerial decisions in the past, strategic changes only reflect the latest managerial decisions. As such, strategic changes allow us to study in a direct way how firms’ financial resources affect their behavior. The goal of this dissertation, therefore, is to improve our understanding of the effects of firms’ financial resources on strategic changes. |
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Language
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English
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Publication
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Antwerpen
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University of Antwerp, Faculty of Business and Economics, Department of Accountancy and Finance
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2023
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Volume/pages
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193 p.
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Note
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:
Laveren, Eddy [Supervisor]
:
Paeleman, Ine [Supervisor]
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Full text (open access)
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