Mission Power and Firm Financial Performance

We estimate the effect from mission statement on firm financial performance in a sample of Colombian companies. The mission power, a latent variable defined by using tools from word content analysis, is included in a structural equation model to compute its impact across two channels: the profit mar...

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Autores:
Téllez, Diego
Godoy, Jésus
Tipo de recurso:
Fecha de publicación:
2017
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/11233
Acceso en línea:
http://hdl.handle.net/10784/11233
Palabra clave:
mission statement
financial performance
word content analysis
structural equation model
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License
Acceso abierto
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repository_id_str
spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2017-03-22T20:02:26Z2017-02-232017-03-22T20:02:26Zhttp://hdl.handle.net/10784/11233We estimate the effect from mission statement on firm financial performance in a sample of Colombian companies. The mission power, a latent variable defined by using tools from word content analysis, is included in a structural equation model to compute its impact across two channels: the profit margin and the assets turnover. Our estimates show that the no-significant impact of mission statement, which is documented in the literature, may be caused by the opposite effect that sales amount induces on both channels. We disentangle both effects and show that the assets turnover dominates which suggest that the mission statement compels good assets management practices.spaUniversidad EAFITEscuela de Economía y FinanzasMission Power and Firm Financial PerformanceworkingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2mission statementfinancial performanceword content analysisstructural equation modeldftellezf@eafit.edu.coTéllez, DiegoGodoy, JésusLICENSElicense.txtlicense.txttext/plain; charset=utf-82556https://repository.eafit.edu.co/bitstreams/ba0a8bc6-378f-45dd-bcae-d775d0811ab7/download76025f86b095439b7ac65b367055d40cMD51ORIGINALWP-2017-04 Jesús Godoy.pdfWP-2017-04 Jesús Godoy.pdfDocumento de trabajo de investigaciónapplication/pdf703661https://repository.eafit.edu.co/bitstreams/2145c662-ab5a-4fc8-a818-d64eaddd36b3/download5755112e5f4aa80a819365d9f774079dMD5210784/11233oai:repository.eafit.edu.co:10784/112332024-03-05 14:06:16.778open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Mission Power and Firm Financial Performance
title Mission Power and Firm Financial Performance
spellingShingle Mission Power and Firm Financial Performance
mission statement
financial performance
word content analysis
structural equation model
title_short Mission Power and Firm Financial Performance
title_full Mission Power and Firm Financial Performance
title_fullStr Mission Power and Firm Financial Performance
title_full_unstemmed Mission Power and Firm Financial Performance
title_sort Mission Power and Firm Financial Performance
dc.creator.fl_str_mv Téllez, Diego
Godoy, Jésus
dc.contributor.eafitauthor.none.fl_str_mv dftellezf@eafit.edu.co
dc.contributor.author.none.fl_str_mv Téllez, Diego
Godoy, Jésus
dc.subject.keyword.spa.fl_str_mv mission statement
financial performance
word content analysis
structural equation model
topic mission statement
financial performance
word content analysis
structural equation model
description We estimate the effect from mission statement on firm financial performance in a sample of Colombian companies. The mission power, a latent variable defined by using tools from word content analysis, is included in a structural equation model to compute its impact across two channels: the profit margin and the assets turnover. Our estimates show that the no-significant impact of mission statement, which is documented in the literature, may be caused by the opposite effect that sales amount induces on both channels. We disentangle both effects and show that the assets turnover dominates which suggest that the mission statement compels good assets management practices.
publishDate 2017
dc.date.available.none.fl_str_mv 2017-03-22T20:02:26Z
dc.date.issued.none.fl_str_mv 2017-02-23
dc.date.accessioned.none.fl_str_mv 2017-03-22T20:02:26Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/11233
url http://hdl.handle.net/10784/11233
dc.language.iso.eng.fl_str_mv spa
language spa
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dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
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dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
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