BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Autor
Degórski Przemysław (Szkoła Główna Handlowa w Warszawie)
Tytuł
Selection of outstanding sectors based on the industry factors like: capital intensity, profitability and risk
Źródło
Journal of Management and Financial Sciences, 2013, vol. 6, nr 14, s. 43-61, tab., rys., wykr., bibliogr. 24 poz.
Słowa kluczowe
Kapitałochłonność produkcji, Ryzyko kapitałowe, Rentowność, Finanse przedsiębiorstwa, Kapitał
Capital consumption of production, Capital risk, Profitability, Enterprise finance, Capital
Uwagi
summ.
Abstrakt
The main goals: Research and find outstanding industries in terms of capital intensity, profitability, risk, by testing the following hypotheses: lower capital intensive businesses are much more profitable and some of the high capital intensive are less risky. Method: Analysis and research of 2357 global listed companies from 31 industries according to GICS methodology in terms of Capex/Total Assets ratio, ROE and standard deviation of ROE in the period 2003-2012. Findings: Significant dependencies between capital requirements, profitability and risk. There are industries which are outstanding in terms of capital intensity, profitability and risk comparing to others. The most attractive industries are those which have low capital requirements, high profitability, and low risk. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Anderson E .A., Fornell C., Rust R. T., Customer Satisfaction, Productivity, and Profitability: Differences between Goods and Services, "Marketing Science", Vol. 16, No. 2 ,1997, pp. 129-145
  2. Andrews K., The Concept of Corporate Strategy Irwin: Homewood, 1980,
  3. Barney J., Firm resources and sustained competitive advantage, "Journal of Management" 17,1, ,1991, pp. 99-120
  4. Barney J. B., Organizational Culture: Can It Be a Source of Sustained Competitive Advantage?, "The Academy of Management Review", Vol. 11, No. 3 ,Jul., 1986, pp. 656-665
  5. Brush T. H., Bromiley P., Hendrickx M., The Relative Influence of Industry and Corporation on Business Segment Performance: An Alternative Estimate, "Strategic Management Journal", Vol. 20, No. 6 ,Jun., 1999, pp. 519-547
  6. Carrieri F., Errunza V., Sarkissian S., Industry Risk and Market Integration, "Management Science", Vol. 50, No. 2 ,Feb., 2004, pp. 207-221
  7. Chang S. J., Singh H., Corporate and Industry Effects on Business Unit Competitive Position, "Strategic Management Journal", Vol. 21, No. 7 ,Jul., 2000, pp. 739-752
  8. Demsetz H., 1973, Industry structure, market rivalry, and public policy, "Journal of Law and Economic", 16, ,1973, pp. 1-9
  9. Dierickx I., Cool K., 1989, Asset stock accumulation and the sustainability of com petitive advantage, "Management Science", 35,2,: 1504-1511
  10. Engle R., Risk and Volatility: Econometric Models and Financial Practice, "The American Economic Review", Vol 94, No 3 ,Jun, 2004, pp 405-420
  11. Gordon G. G. Industry Determinants of Organizational Culture, "The Academy of Management Review", Vol. 16, No. 2 ,Apr., 1991, pp. 396-415
  12. Hawawini G., Subramanian V., Verdin P., Is Performance Driven by Industry or Firm-Specific Factors? A New Look at the Evidence, "Strategic Management Journal", Vol 24, No 1 ,Jan, 2003, pp 1-16
  13. Chatman J. A., Jehn K.A., Assessing the Relationship between Industry Characteristics and Organizational Culture: How Different Can You Be?, "The Academy of Management Journal", Vol. 37, No. 3 ,Jun., 1994, pp. 522-553
  14. Krysiak Z., Achieving Enterprise Stability Based on Economic Capital, "Graziadio Business Review" Volume 14 ,2011, Issue 4
  15. Krysiak Z., Enterprise Risk Modeling Based on Related Entities, Symposium Society of Actuaries, April 18-20 ,2012, Washington D. C.
  16. Mason E.S., 1939, Price and production policies of large scale enterprises, "American Economic Review", Supplement 29, ,1939, 61-74
  17. Porter M .E., Competitive Advantage, Free Press, New York ,2004,
  18. Prahalad C .K., Hamel G., The core competence of the corporation, "Harvard Business Review" 68,3, ,1990, pp. 79-91
  19. Prescott J. E., Kohli A. K., Venkataraman N., The market share-profitability relationship: an empirical assessment of major assertions and contradictions, "Strategic Management Journal", 7,4, ,1986, pp. 377-394
  20. Ramezani C .A., Soenen L., Jung A., Growth, Corporate Profitability, and Value Creation, "Financial Analysts Journal", Vol. 58, No. 6 ,Nov. - Dec., 2002, pp. 56-67
  21. Ruefli T. W., Wiggins R. R., Industry, Corporate, and Segment Effects and Business Performance: A Non-Parametric Approach, "Strategic Management Journal", Vol. 24, No. 9 ,Sep., 2003, pp. 861-879
  22. Rumelt R. P., How Much Does Industry Matter?, "Strategic Management Journal", Vol. 12, No. 3 ,Mar., 1991, pp. 167-185
  23. Schmalensee R., Do markets differ much?, "American Economic Review", 75, June 1985, pp. 341-351
  24. Wernerfelt B., 1984, A resource-based view of the firm, "Strategic Management Journal" 5,2, 1984, pp.171 -180
Cytowane przez
Pokaż
ISSN
1899-8968
Język
eng
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu