The effect of competition in the product market and financial flexibility on business strategy
Purpose This study aims to track product market competition and financial flexibility on firms’ business strategies. Design/methodology/approach For this purpose, 187 listed firms on the Tehran Stock Exchange were selected by the systematic elimination for 2012–2018. The hypotheses were examined usi...
Saved in:
Published in | Journal of facilities management Vol. 19; no. 5; pp. 632 - 651 |
---|---|
Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Bingley
Emerald Publishing Limited
18.11.2021
Emerald Group Publishing Limited |
Subjects | |
Online Access | Get full text |
Cover
Loading…
Abstract | Purpose
This study aims to track product market competition and financial flexibility on firms’ business strategies.
Design/methodology/approach
For this purpose, 187 listed firms on the Tehran Stock Exchange were selected by the systematic elimination for 2012–2018. The hypotheses were examined using the linear regression model. Ittner and Larcker’s (1997) model assesses the business strategy (dependent variable). The Herfindahl–Hirschman index is used to assess the product market competition (independent variable). Finally, the Frank and Goyal’s (2009) model investigates financial flexibility (independent variable).
Findings
The findings indicate that competition in the product market has significantly declined the resort of defensive and invasive business strategies and intensified opportunistic analytical and opportunistic strategies, benefiting from financial flexibility and facilitating defensive and opportunistic adaptation and decreased analytic and invasive strategies. Besides, the product market competition contributes to the firm’s financial flexibility and analytical, opportunistic, invasive and defensive strategies. Most of the studies in the field of business strategy analyzed some factors, such as performance (Zhang, 2016), tax avoidance (Higgins et al., 2015) and share pricing risk (Habib and Hasan, 2017). There is no study to assess the effect of business strategy on product market competition and financial flexibility.
Originality/value
The present study’s findings provide some invaluable concepts for firm managers on the significance of competition in the product market and financial flexibility. Focusing on competition intensity and flexibility level can deal with the board’s ambiguities on market structure and competitive status. The use of profitably competitive investment opportunities leads to selecting the most beneficial strategies, leading to a more efficient allocation of scarce resources and, finally, the enhancement of organizational performance. |
---|---|
AbstractList | Purpose
This study aims to track product market competition and financial flexibility on firms’ business strategies.
Design/methodology/approach
For this purpose, 187 listed firms on the Tehran Stock Exchange were selected by the systematic elimination for 2012–2018. The hypotheses were examined using the linear regression model. Ittner and Larcker’s (1997) model assesses the business strategy (dependent variable). The Herfindahl–Hirschman index is used to assess the product market competition (independent variable). Finally, the Frank and Goyal’s (2009) model investigates financial flexibility (independent variable).
Findings
The findings indicate that competition in the product market has significantly declined the resort of defensive and invasive business strategies and intensified opportunistic analytical and opportunistic strategies, benefiting from financial flexibility and facilitating defensive and opportunistic adaptation and decreased analytic and invasive strategies. Besides, the product market competition contributes to the firm’s financial flexibility and analytical, opportunistic, invasive and defensive strategies. Most of the studies in the field of business strategy analyzed some factors, such as performance (Zhang, 2016), tax avoidance (Higgins
et al.
, 2015) and share pricing risk (Habib and Hasan, 2017). There is no study to assess the effect of business strategy on product market competition and financial flexibility.
Originality/value
The present study’s findings provide some invaluable concepts for firm managers on the significance of competition in the product market and financial flexibility. Focusing on competition intensity and flexibility level can deal with the board’s ambiguities on market structure and competitive status. The use of profitably competitive investment opportunities leads to selecting the most beneficial strategies, leading to a more efficient allocation of scarce resources and, finally, the enhancement of organizational performance. Purpose This study aims to track product market competition and financial flexibility on firms’ business strategies. Design/methodology/approach For this purpose, 187 listed firms on the Tehran Stock Exchange were selected by the systematic elimination for 2012–2018. The hypotheses were examined using the linear regression model. Ittner and Larcker’s (1997) model assesses the business strategy (dependent variable). The Herfindahl–Hirschman index is used to assess the product market competition (independent variable). Finally, the Frank and Goyal’s (2009) model investigates financial flexibility (independent variable). Findings The findings indicate that competition in the product market has significantly declined the resort of defensive and invasive business strategies and intensified opportunistic analytical and opportunistic strategies, benefiting from financial flexibility and facilitating defensive and opportunistic adaptation and decreased analytic and invasive strategies. Besides, the product market competition contributes to the firm’s financial flexibility and analytical, opportunistic, invasive and defensive strategies. Most of the studies in the field of business strategy analyzed some factors, such as performance (Zhang, 2016), tax avoidance (Higgins et al., 2015) and share pricing risk (Habib and Hasan, 2017). There is no study to assess the effect of business strategy on product market competition and financial flexibility. Originality/value The present study’s findings provide some invaluable concepts for firm managers on the significance of competition in the product market and financial flexibility. Focusing on competition intensity and flexibility level can deal with the board’s ambiguities on market structure and competitive status. The use of profitably competitive investment opportunities leads to selecting the most beneficial strategies, leading to a more efficient allocation of scarce resources and, finally, the enhancement of organizational performance. Purpose>This study aims to track product market competition and financial flexibility on firms’ business strategies.Design/methodology/approach>For this purpose, 187 listed firms on the Tehran Stock Exchange were selected by the systematic elimination for 2012–2018. The hypotheses were examined using the linear regression model. Ittner and Larcker’s (1997) model assesses the business strategy (dependent variable). The Herfindahl–Hirschman index is used to assess the product market competition (independent variable). Finally, the Frank and Goyal’s (2009) model investigates financial flexibility (independent variable).Findings>The findings indicate that competition in the product market has significantly declined the resort of defensive and invasive business strategies and intensified opportunistic analytical and opportunistic strategies, benefiting from financial flexibility and facilitating defensive and opportunistic adaptation and decreased analytic and invasive strategies. Besides, the product market competition contributes to the firm’s financial flexibility and analytical, opportunistic, invasive and defensive strategies. Most of the studies in the field of business strategy analyzed some factors, such as performance (Zhang, 2016), tax avoidance (Higgins et al., 2015) and share pricing risk (Habib and Hasan, 2017). There is no study to assess the effect of business strategy on product market competition and financial flexibility.Originality/value>The present study’s findings provide some invaluable concepts for firm managers on the significance of competition in the product market and financial flexibility. Focusing on competition intensity and flexibility level can deal with the board’s ambiguities on market structure and competitive status. The use of profitably competitive investment opportunities leads to selecting the most beneficial strategies, leading to a more efficient allocation of scarce resources and, finally, the enhancement of organizational performance. |
Author | Rezaei, Leyla Rostami, Vahab |
Author_xml | – sequence: 1 givenname: Vahab surname: Rostami fullname: Rostami, Vahab email: vahab.rostami@gmail.com – sequence: 2 givenname: Leyla surname: Rezaei fullname: Rezaei, Leyla email: leyla.rezaei88@gmail.com |
BookMark | eNptkM1LAzEQxYNUsK3ePQY8x052s9nsUYr1g4qXng3ZdKKp22zdpGD_e1PqRfA0A2_ezJvfhIxCH5CQaw63nIOaPS9eGOesgAIYgJJnZMxrwRk0qhzlXtQFqxpZX5BJjBuAouRVPSZvqw-k6BzaRHtHbb_dYfLJ94H6QFMWd0O_3md1a4ZPTNSENXU-mGC96ajr8Nu3vvPpQLOl3UcfMEYa02ASvh8uybkzXcSr3zolq8X9av7Ilq8PT_O7JbOFFIlJ0zatKCSItnTQVMrUYMBBJaQDAY3EHN02tUDeqkoVtmq5MmhKMMIqW07JzWltDvu1x5j0pt8PIV_UhSxFBlQD5Ck4Tdmhj3FAp3eDz28dNAd9hKgzxNzoI0R9hJgts5MFtziYbv2f4w_28gdfEnSM |
Cites_doi | 10.2139/ssrn.1266754 10.1108/JIABR-10-2016-0113 10.1016/j.jbusres.2010.04.002 10.1080/03088839.2015.1038327 10.1177/002224379703400102 10.1111/j.1467-629X.2011.00457.x 10.1108/H-10-2016-0075 10.2139/ssrn.2820147 10.1108/IJPPM-06-2019-0259 10.2307/256292 10.1016/j.pacfin.2014.04.007 10.1016/j.ijindorg.2004.04.003 10.1111/j.1467-8551.1996.tb00118.x 10.1111/1911-3846.12087 10.1111/j.1755-053X.2009.01026.x 10.1287/mksc.2.4.319 10.1111/eufm.12091 10.1016/j.ribaf.2016.09.011 10.1016/j.jfineco.2012.04.004 10.1509/jmkg.69.3.49.66362 10.1016/j.jbankfin.2019.03.016 10.1007/s11747-015-0438-5 10.1016/j.irfa.2010.10.003 10.1111/j.1755-053X.2010.01115.x 10.1108/CR-11-2018-0070 10.1002/smj.431 10.1108/IJPPM-03-2018-0097 10.1108/17410401111111970 10.1108/MD-05-2013-0282 10.1002/smj.4250080106 10.1002/smj.170 10.1108/MD-03-2012-0143 10.1111/j.1911-3846.2012.01174.x 10.1111/j.1468-036X.2009.00505.x 10.1016/j.indmarman.2008.03.007 10.1108/IJOA-07-2018-1482 10.1016/0883-9026(94)00004-E 10.1016/j.jcorpfin.2011.03.006 |
ContentType | Journal Article |
Copyright | Emerald Publishing Limited Emerald Publishing Limited. |
Copyright_xml | – notice: Emerald Publishing Limited – notice: Emerald Publishing Limited. |
DBID | AAYXX CITATION 0U~ 1-H 7WY 7WZ 7XB 8FI AFKRA BENPR BEZIV CCPQU DWQXO FYUFA F~G K6~ K8~ L.- L.0 M0C M0T PQBIZ PQEST PQQKQ PQUKI PYYUZ Q9U |
DOI | 10.1108/JFM-11-2020-0086 |
DatabaseName | CrossRef Global News & ABI/Inform Professional Trade PRO ABI/INFORM Collection ABI/INFORM Global (PDF only) ProQuest Central (purchase pre-March 2016) Hospital Premium Collection ProQuest Central ProQuest Central Business Premium Collection ProQuest One Community College ProQuest Central Health Research Premium Collection ABI/INFORM Global (Corporate) ProQuest Business Collection DELNET Management Collection ABI/INFORM Professional Advanced ABI/INFORM Professional Standard ABI/INFORM Collection ProQuest Healthcare Administration Database One Business (ProQuest) ProQuest One Academic Eastern Edition (DO NOT USE) ProQuest One Academic ProQuest One Academic UKI Edition ABI/INFORM Collection China ProQuest Central Basic |
DatabaseTitle | CrossRef Business Premium Collection ABI/INFORM Global (Corporate) ProQuest One Business ABI/INFORM Global ProQuest Central Basic ProQuest One Academic Eastern Edition ProQuest Health Management ProQuest One Community College ABI/INFORM China ProQuest Hospital Collection Trade PRO ProQuest Business Collection ABI/INFORM Complete ProQuest Central Global News & ABI/Inform Professional ABI/INFORM Professional Advanced Health Research Premium Collection ProQuest One Academic UKI Edition ABI/INFORM Professional Standard ProQuest Central Korea ProQuest DELNET Management Collection ProQuest One Academic |
DatabaseTitleList | CrossRef Business Premium Collection |
Database_xml | – sequence: 1 dbid: BENPR name: ProQuest Central url: https://www.proquest.com/central sourceTypes: Aggregation Database |
DeliveryMethod | fulltext_linktorsrc |
Discipline | Engineering |
EISSN | 1741-0983 |
EndPage | 651 |
ExternalDocumentID | 10_1108_JFM_11_2020_0086 10.1108/JFM-11-2020-0086 |
GroupedDBID | 0R 29K 3FY 3SW 4.4 5GY 5VS 70U 9F- AADTA AADXL AAGBP AAMCF AAPSD AAUDR ABEAN ABIJV ABSDC ACGFS ACMTK ADBBV ADOMW AEBZA AEDOK AEMMR AEUCW AEUWZ AFNZV AFZLO AJEBP ALMA_UNASSIGNED_HOLDINGS ASMFL ATGMP AUCOK AVELQ BHNDJ BLEHN BUONS CS3 D-I DU5 EBS ECCUG FNNZZ GEI GMN GMX GQ. HZ IPNFZ J1Y JI- JL0 KBGRL MS O9- P2P TEM TGG TMD TMF V1G WX Z11 Z12 ZYZAG .WX 0R~ 7WY 8FI 8R4 8R5 AAKOT AAYXX ABYQI ADKAA AFKRA AGTVX ALIPV AODMV AQUVI BENPR BEZIV BPHCQ BVXVI CCPQU CITATION DWQXO FYUFA H13 HZ~ K6~ K8~ M0C M0T MS~ PQBIZ PQQKQ PROAC Q2X RIG UKHRP 0U~ 1-H 7XB L.- L.0 PQEST PQUKI Q9U |
ID | FETCH-LOGICAL-c264t-6ab9b42604b3f0958a70a0f0546f04096e596c974e1b8582c5b18aea30a4c8c3 |
IEDL.DBID | ZYZAG |
ISSN | 1472-5967 |
IngestDate | Fri Sep 13 09:24:11 EDT 2024 Thu Sep 12 19:48:13 EDT 2024 Fri Jan 07 02:29:27 EST 2022 |
IsPeerReviewed | true |
IsScholarly | true |
Issue | 5 |
Keywords | Competition in the product market Financial flexibility Business strategy |
Language | English |
License | Licensed re-use rights only |
LinkModel | DirectLink |
MergedId | FETCHMERGED-LOGICAL-c264t-6ab9b42604b3f0958a70a0f0546f04096e596c974e1b8582c5b18aea30a4c8c3 |
PQID | 2634110700 |
PQPubID | 26839 |
PageCount | 20 |
ParticipantIDs | emerald_primary_10_1108_JFM-11-2020-0086 proquest_journals_2634110700 crossref_primary_10_1108_JFM_11_2020_0086 |
PublicationCentury | 2000 |
PublicationDate | 2021-11-18 |
PublicationDateYYYYMMDD | 2021-11-18 |
PublicationDate_xml | – month: 11 year: 2021 text: 2021-11-18 day: 18 |
PublicationDecade | 2020 |
PublicationPlace | Bingley |
PublicationPlace_xml | – name: Bingley |
PublicationTitle | Journal of facilities management |
PublicationYear | 2021 |
Publisher | Emerald Publishing Limited Emerald Group Publishing Limited |
Publisher_xml | – name: Emerald Publishing Limited – name: Emerald Group Publishing Limited |
References | (key2022010610011554100_ref027) 2013; 51 (key2022010610011554100_ref038) 2001; 79 (key2022010610011554100_ref055) 2011 (key2022010610011554100_ref030) 1978 (key2022010610011554100_ref032) 2017; 33 (key2022010610011554100_ref029) 2016; 43 (key2022010610011554100_ref048) 2019; 27 key2022010610011554100_ref024 (key2022010610011554100_ref025) 2006 (key2022010610011554100_ref008) 2014; 29 (key2022010610011554100_ref009) 2013; 53 (key2022010610011554100_ref019) 1983; 2 (key2022010610011554100_ref031) 1987; 8 (key2022010610011554100_ref037) 1996 (key2022010610011554100_ref012) 2005; 26 (key2022010610011554100_ref026) 2019; 104 (key2022010610011554100_ref049) 2009; 39 (key2022010610011554100_ref004) 2001; 22 (key2022010610011554100_ref028) 2013; 1 (key2022010610011554100_ref039) 2004; 22 (key2022010610011554100_ref040) 2014; 52 (key2022010610011554100_ref035) 2005; 69 (key2022010610011554100_ref018) 2015; 4 (key2022010610011554100_ref022) 1997; 34 (key2022010610011554100_ref045) 2020; 11 (key2022010610011554100_ref052) 2012; 105 (key2022010610011554100_ref053) 1998 (key2022010610011554100_ref044) 2020 (key2022010610011554100_ref051) 1996; 7 (key2022010610011554100_ref046) 2011; 64 (key2022010610011554100_ref014) 2017; 23 (key2022010610011554100_ref034) 2011; 60 (key2022010610011554100_ref033) 2010; 39 (key2022010610011554100_ref016) 2011; 20 (key2022010610011554100_ref036) 1985 key2022010610011554100_ref003 (key2022010610011554100_ref001) 2011; 17 key2022010610011554100_ref050 (key2022010610011554100_ref021) 2012 (key2022010610011554100_ref020) 2015; 32 (key2022010610011554100_ref041) 2002; 11 (key2022010610011554100_ref002) 2013; 30 (key2022010610011554100_ref007) 1962 (key2022010610011554100_ref023) 2016; 44 (key2022010610011554100_ref043) 2018; 67 (key2022010610011554100_ref042) 2019; 29 (key2022010610011554100_ref047) 1990; 33 (key2022010610011554100_ref011) 2011; 17 (key2022010610011554100_ref017) 2017; 39 key2022010610011554100_ref013 (key2022010610011554100_ref056) 1995; 10 key2022010610011554100_ref057 (key2022010610011554100_ref005) 1986; 76 (key2022010610011554100_ref015) 2009; 38 key2022010610011554100_ref010 key2022010610011554100_ref054 (key2022010610011554100_ref006) 1975; 53 |
References_xml | – ident: key2022010610011554100_ref013 doi: 10.2139/ssrn.1266754 – volume: 11 start-page: 49 issue: 1 year: 2020 ident: key2022010610011554100_ref045 article-title: The effect of managerial ability on product market competition and corporate investment decisions: evidence from Iran publication-title: Journal of Islamic Accounting and Business Research doi: 10.1108/JIABR-10-2016-0113 – volume-title: Cost Accounting: A Managerial Emphasis year: 2012 ident: key2022010610011554100_ref021 – volume: 64 start-page: 483 issue: 5 year: 2011 ident: key2022010610011554100_ref046 article-title: Stock listing and financial flexibility publication-title: Journal of Business Research doi: 10.1016/j.jbusres.2010.04.002 – ident: key2022010610011554100_ref024 – volume: 43 start-page: 280 issue: 3 year: 2016 ident: key2022010610011554100_ref029 article-title: Opportunities for increased profit and reduced cost and emissions by service differentiation within container liner shipping publication-title: Maritime Policy and Management doi: 10.1080/03088839.2015.1038327 – volume-title: Building the Flexible Firm: How to Remain Competitive year: 1998 ident: key2022010610011554100_ref053 – volume: 34 start-page: 13 issue: 1 year: 1997 ident: key2022010610011554100_ref022 article-title: Product development cycle time and organizational performance publication-title: Journal of Marketing Research doi: 10.1177/002224379703400102 – volume: 53 start-page: 137 issue: 1 year: 2013 ident: key2022010610011554100_ref009 article-title: The impact of product market competition on earnings quality publication-title: Accounting and Finance doi: 10.1111/j.1467-629X.2011.00457.x – volume-title: Concepts in Strategic Management and Business Policy year: 2011 ident: key2022010610011554100_ref055 – volume: 33 start-page: 38 issue: 1 year: 2017 ident: key2022010610011554100_ref032 article-title: Corporate governance, product market competition and firm performance: evidence from Iran publication-title: Humanomics doi: 10.1108/H-10-2016-0075 – ident: key2022010610011554100_ref057 doi: 10.2139/ssrn.2820147 – year: 2020 ident: key2022010610011554100_ref044 article-title: The potential impact of managerial entrenchment on firms’ corporate social responsibility activities and financial performance: evidence from Iran publication-title: International Journal of Productivity and Performance Management doi: 10.1108/IJPPM-06-2019-0259 – volume: 33 start-page: 817 issue: 4 year: 1990 ident: key2022010610011554100_ref047 article-title: Perceptual and archival measures of Miles and Snow’s strategy types: a comprehensive assessment of reliability and validity publication-title: Academy of Management Journal doi: 10.2307/256292 – volume: 29 start-page: 219 year: 2014 ident: key2022010610011554100_ref008 article-title: Controlling ownership and firm performance in Taiwan: the role of external competition and internal governance publication-title: Pacific-Basin Finance Journal doi: 10.1016/j.pacfin.2014.04.007 – volume: 22 start-page: 917 issue: 7 year: 2004 ident: key2022010610011554100_ref039 article-title: Financial constraints and product market. Competition: ex ante vs ex-post incentives publication-title: International Journal of Industrial Organization doi: 10.1016/j.ijindorg.2004.04.003 – volume: 7 start-page: 247 issue: 3 year: 1996 ident: key2022010610011554100_ref051 article-title: Matching managers to strategy: further tests of the miles and snow typology publication-title: British Journal of Management doi: 10.1111/j.1467-8551.1996.tb00118.x – volume: 32 start-page: 674 issue: 2 year: 2015 ident: key2022010610011554100_ref020 article-title: The influence of a firm’s business strategy on its tax invasiveness publication-title: Contemporary Accounting Research doi: 10.1111/1911-3846.12087 – volume: 38 start-page: 1 issue: 1 year: 2009 ident: key2022010610011554100_ref015 article-title: Capital structure decisions: which factors are reliably important? publication-title: Financial Management doi: 10.1111/j.1755-053X.2009.01026.x – volume: 2 start-page: 319 issue: 4 year: 1983 ident: key2022010610011554100_ref019 article-title: Defensive marketing strategies publication-title: Marketing Science doi: 10.1287/mksc.2.4.319 – volume: 23 start-page: 87 issue: 1 year: 2017 ident: key2022010610011554100_ref014 article-title: Financial flexibility and investment ability across the Euro area and the UK publication-title: European Financial Management doi: 10.1111/eufm.12091 – volume: 53 start-page: 63 issue: 1 year: 1975 ident: key2022010610011554100_ref006 article-title: Market share, a key to profitability publication-title: Harvard Business Review – start-page: 309 volume-title: Marketing Management year: 2006 ident: key2022010610011554100_ref025 – volume: 39 start-page: 389 year: 2017 ident: key2022010610011554100_ref017 article-title: Business strategy, overvalued equities, and stock price crash risk publication-title: Research in International Business and Finance doi: 10.1016/j.ribaf.2016.09.011 – volume: 79 start-page: 62 issue: 3 year: 2001 ident: key2022010610011554100_ref038 article-title: Strategy and the internet publication-title: Harvard Business Review – volume: 105 start-page: 661 issue: 3 year: 2012 ident: key2022010610011554100_ref052 article-title: Competition and the cost of debt publication-title: Journal of Financial Economics doi: 10.1016/j.jfineco.2012.04.004 – volume: 11 start-page: 53 issue: 3 year: 2002 ident: key2022010610011554100_ref041 article-title: Sustainable development and the sustainability of competitive advantages publication-title: Creativity and Innovation Management – ident: key2022010610011554100_ref010 – volume: 69 start-page: 49 issue: 3 year: 2005 ident: key2022010610011554100_ref035 article-title: The performance implications of fit among business strategy, marketing organization structure and strategic behavior publication-title: Journal of Marketing doi: 10.1509/jmkg.69.3.49.66362 – volume: 104 start-page: 1 year: 2019 ident: key2022010610011554100_ref026 article-title: Capital structure and financial flexibility: expectations of future shocks publication-title: Journal of Banking and Finance doi: 10.1016/j.jbankfin.2019.03.016 – volume: 1 start-page: 1 year: 2013 ident: key2022010610011554100_ref028 article-title: Firms' capital structure decisions and product market competition: a theoretical approach publication-title: Research in Business and Economics Journal – volume: 44 start-page: 539 issue: 4 year: 2016 ident: key2022010610011554100_ref023 article-title: Strategic marketing ambidexterity: antecedents and financial consequences publication-title: Journal of the Academy of Marketing Science doi: 10.1007/s11747-015-0438-5 – volume-title: The Competitive Advantage of Nations year: 1996 ident: key2022010610011554100_ref037 – volume: 20 start-page: 41 issue: 1 year: 2011 ident: key2022010610011554100_ref016 article-title: The relationship between product market competition and capital structure in Chinese listed firms publication-title: International Review of Financial Analysis doi: 10.1016/j.irfa.2010.10.003 – volume-title: Competitive Strategy: Techniques for Analyzing Industries and Competitors year: 1985 ident: key2022010610011554100_ref036 – ident: key2022010610011554100_ref003 – volume: 39 start-page: 1339 issue: 4 year: 2010 ident: key2022010610011554100_ref033 article-title: Financial flexibility, investment ability and firm value: evidence from firms with spare debt capacity publication-title: Financial Management doi: 10.1111/j.1755-053X.2010.01115.x – volume: 4 start-page: 1 issue: 2 year: 2015 ident: key2022010610011554100_ref018 article-title: The effect of business strategy on innovation and firm performance in the small industrial sector publication-title: The International Journal of Engineering and Science (IJES) – volume: 29 start-page: 440 issue: 4 year: 2019 ident: key2022010610011554100_ref042 article-title: The relationship between management characteristics and firm performance publication-title: Competitiveness Review: An International Business Journal doi: 10.1108/CR-11-2018-0070 – volume: 26 start-page: 47 year: 2005 ident: key2022010610011554100_ref012 article-title: Revisiting the miles and snow strategic framework: uncovering interrelationships between strategic types, capabilities, environmental uncertainty and firm performance publication-title: Strategic Management Journal doi: 10.1002/smj.431 – volume: 67 start-page: 2089 issue: 9 year: 2018 ident: key2022010610011554100_ref043 article-title: The relationship between managerial entrenchment, earnings management and firm innovation publication-title: International Journal of Productivity and Performance Management doi: 10.1108/IJPPM-03-2018-0097 – volume: 60 start-page: 222 issue: 3 year: 2011 ident: key2022010610011554100_ref034 article-title: Generic strategies and performance evidence from manufacturing firms publication-title: International Journal of Productivity and Performance Management doi: 10.1108/17410401111111970 – volume: 52 start-page: 872 issue: 5 year: 2014 ident: key2022010610011554100_ref040 article-title: Does a differentiation strategy lead to more sustainable financial performance than a cost leadership strategy? publication-title: Management Decision doi: 10.1108/MD-05-2013-0282 – volume: 8 start-page: 55 issue: 1 year: 1987 ident: key2022010610011554100_ref031 article-title: The structural and environmental correlates of business strategy publication-title: Strategic Management Journal doi: 10.1002/smj.4250080106 – volume: 22 start-page: 777 issue: 8 year: 2001 ident: key2022010610011554100_ref004 article-title: Strategic reward systems: a contingency model of pay system design publication-title: Strategic Management Journal doi: 10.1002/smj.170 – volume: 76 start-page: 956 year: 1986 ident: key2022010610011554100_ref005 article-title: Oligopoly and financial structure: the limited liability effect publication-title: The American Economic Review – volume: 51 start-page: 1488 issue: 7 year: 2013 ident: key2022010610011554100_ref027 article-title: Mediation of strategy on intellectual capital and performance publication-title: Management Decision doi: 10.1108/MD-03-2012-0143 – volume: 30 start-page: 780 issue: 2 year: 2013 ident: key2022010610011554100_ref002 article-title: Business strategy, financial reporting irregularities, and audit effort publication-title: Contemporary Accounting Research doi: 10.1111/j.1911-3846.2012.01174.x – volume-title: Organizational Strategy, Structure, and Process year: 1978 ident: key2022010610011554100_ref030 – volume: 17 start-page: 331 issue: 2 year: 2011 ident: key2022010610011554100_ref001 article-title: Product market competition, managerial incentives and firm valuation publication-title: European Financial Management doi: 10.1111/j.1468-036X.2009.00505.x – volume-title: Strategy and Structure year: 1962 ident: key2022010610011554100_ref007 – ident: key2022010610011554100_ref054 – volume: 39 issue: 4 year: 2009 ident: key2022010610011554100_ref049 article-title: Factors influencing the relative importance of marketing strategy creativity and marketing strategy implementation effectiveness publication-title: Industrial Marketing Management doi: 10.1016/j.indmarman.2008.03.007 – volume: 27 start-page: 1036 issue: 4 year: 2019 ident: key2022010610011554100_ref048 article-title: Board monitoring, product market competition and firm performance publication-title: International Journal of Organizational Analysis doi: 10.1108/IJOA-07-2018-1482 – ident: key2022010610011554100_ref050 – volume: 10 start-page: 43 issue: 1 year: 1995 ident: key2022010610011554100_ref056 article-title: Contextual influences on the corporate entrepreneurship–performance relationship: a longitudinal analysis publication-title: Journal of Business Venturing doi: 10.1016/0883-9026(94)00004-E – volume: 17 start-page: 667 issue: 3 year: 2011 ident: key2022010610011554100_ref011 article-title: Financial flexibility and corporate liquidity publication-title: Journal of Corporate Finance doi: 10.1016/j.jcorpfin.2011.03.006 |
SSID | ssj0023157 |
Score | 2.2198958 |
Snippet | Purpose
This study aims to track product market competition and financial flexibility on firms’ business strategies.
Design/methodology/approach
For this... Purpose>This study aims to track product market competition and financial flexibility on firms’ business strategies.Design/methodology/approach>For this... |
SourceID | proquest crossref emerald |
SourceType | Aggregation Database Publisher |
StartPage | 632 |
SubjectTerms | Bankruptcy Competition Competitive advantage Decision making Flexibility Managers Market shares Product returns Strategic management |
SummonAdditionalLinks | – databaseName: ProQuest Central dbid: BENPR link: http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwfV09T8MwELVKu8CA-BSFgjwwwBA1jhPHmRAgqqpSK4SK1InIdmyJgbTQMPTfc5cPShFii5RkebbP79l37wi55LELYofRz4jQC61VHshm5nEVWG4jLTOLBc7jiRg-h6NZNGuRYVMLg2mVTUwsA3U2N3hG3g8ExFvQKr7fVxpPAUzRv1m8e9g_Cu9Z62YaW6QTsBAvbDt3D5PHp2_xxVnp-snCGMRXIuLmytKX_dFgjNVlASoppPgbW9SvOt11rC43oMEe2a2ZI72thnqftGx-QHZ--AkekhcYdFplaNC5o6bkxGVOFn3NKVA9uqgMXulbWexMVZ5R13huUIfmmGWy7IrCL3V_yiVdVg62qyMyHTxM74de3UDBM8BzCk8onWi0oA81d8ClpIp95TtgacLB4k2EBSQMKArLtIxkYCLNpLKK-yo00vBj0s7nuT0hVEaRywxzQidJmHGlmLQMvoqtUFkQ6y65biBLF5VNRlrKC1-mAC88pAhvivB2yVWN6V-fboxEl_Qa0NN6bS3T9Uw4_f_1GdkOMAMFk_Zkj7SLj097DhSi0Bf17PgCwP_C-Q priority: 102 providerName: ProQuest |
Title | The effect of competition in the product market and financial flexibility on business strategy |
URI | https://www.emerald.com/insight/content/doi/10.1108/JFM-11-2020-0086/full/html https://www.proquest.com/docview/2634110700/abstract/ |
Volume | 19 |
hasFullText | 1 |
inHoldings | 1 |
isFullTextHit | |
isPrint | |
link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwrV09T8MwED0BXWDgG1G-5IEBhrRJnDjOCIiCkKgQAql0ILIdWyAgRTQM8Os5Owlf6oLElsFJ5LNzfs959wywSxMTJsZmP8UiL9JaeEibA4-KUFMdS55rW-B83men19HZIB5MQb-phXGyymo7xuXp-2JsSWrXCrcxC38aDtjTa85657YqLLQMyELzrt2x7t6VT4_T0EKoTZGMtYY3w4OTTwpGA-f9GUQJUrCUJc2PywlP-7FQ_arW_crYbhnqLcCo6UClPnnovJayo95_eTv-Xw8XYb5GrOSgmmJLMKWLZZj75mO4Arc42UilDCEjQ5TD4k4LRu4LghCTPFfGsuTJFVkTUeTENF4fxFhTTifSfSN4S30u5piMK-fct1W46h1fHZ169cENnkJ8VXpMyFRa6_tIUoMYjovEF75BdMgMJo2UaYy9QiajA8ljHqpYBlxoQX0RKa7oGswUo0KvA-FxbHIVGCbTNMqpEAHXAbZKNBN5mMg27DeDlD1X9hyZozU-zzB4eJHZ4GU2eG3Yq-M-qemPOLdhqxnmrP6mx1nIcMVHtuz7G3946ybMhlYGY5WDfAtmypdXvY04ppQ70Do87l9c7tST9ANTbO2T |
link.rule.ids | 315,786,790,21416,21737,27957,27958,33779,43840,53300,74659 |
linkProvider | Emerald |
linkToHtml | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwfV09T8MwED1BOwAD4lOUTw8MMERN4sRxJgSoVSm0QqhInYhsx5YYSAstA_-ec-JQQIgtUpzlXXx-zz6_AziliQkTY7OfYpEXaS08lM2BR0WoqY4lz7W94DwYst5j1B_HY7fhNnNllXVOLBN1PlF2j7wdMsy3qFV8_2L66tmuUfZ01bXQWIZmRFGqNKB51RneP3xJLhqUXp9BlKDkSllSH1T6vN3vDuydstDqJ0vsfyxMv27nLjJ0uex0N2Dd8UVyWQV4E5Z0sQVr31wEt-EJQ02qugwyMUSVTLisxCLPBUGCR6aVrSt5Ka84E1HkxNROG8RYS8yyRPaD4CeuK-WMzCrf2o8dGHU7o-ue59omeArZzdxjQqbSGs9HkhpkUFwkvvANcjNmcMqmTCMSCnWEDiSPeahiGXChBfVFpLiiu9AoJoXeA8Lj2OQqMEymaZRTIQKuAxyVaCbyMJEtOK8hy6aVOUZWigqfZwgvPmQW3szC24Izh-lfQ39EogWHNeiZm1GzbBH__f9fn8BKbzS4y-5uhrcHsBraGhRbtscPoTF_e9dHSCLm8tj9KZ9N_8Is |
linkToPdf | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwfV09T8MwELWglRAMiE9RKOCBAYaoSZw4zoT4ikqhVYWK1InIdmyJgbSQMvTfc04cShFiixRnuTuf38Xv3iF0RiLtR9pkP0kDJ1CKO1A2ew7hviIqFCxTpsG5P6Dd56A3DseW_1RYWmWdE8tEnU2k-Ufe8SnkW6hVXLejLS1ieJtcTt8dM0HK3LTacRqrqBkFNIQIb17fDYZP3-UX8UrdTy-IoPyKaVRfWrqs00v6pr_MN7WUAflLh9SvTt1Fti6PoGQLbVrsiK8qZ2-jFZXvoI0fioK76AXcjiuOBp5oLEtUXLKy8GuOAezhaSXxit_KdmfM8wzrWnUDayOPWdJl5xg-sRMqC1xUGrbzPTRK7kY3XceOUHAkIJ2ZQ7mIhRGhDwTRgKYYj1zuasBpVMP2jakCS0ioKZQnWMh8GQqPccWJywPJJNlHjXySqwOEWRjqTHqaijgOMsK5x5QHqyJFeeZHooUuapOl00ooIy0LDJelYF54SI15U2PeFjq3Nv1r6ZInWqhdGz21u6tIF7Fw-P_rU7QGQZI-3g8ejtC6b-gohsHH2qgx-_hUx4AnZuLEBsoXf87GaQ |
openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=The+effect+of+competition+in+the+product+market+and+financial+flexibility+on+business+strategy&rft.jtitle=Journal+of+facilities+management&rft.au=Rostami%2C+Vahab&rft.au=Rezaei%2C+Leyla&rft.date=2021-11-18&rft.issn=1472-5967&rft.volume=19&rft.issue=5&rft.spage=632&rft.epage=651&rft_id=info:doi/10.1108%2FJFM-11-2020-0086&rft.externalDBID=n%2Fa&rft.externalDocID=10_1108_JFM_11_2020_0086 |
thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=1472-5967&client=summon |
thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=1472-5967&client=summon |
thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=1472-5967&client=summon |