An Empirical Investigation of Macroeconomic Factors on Firm Performance in the United Kingdom

2017 ◽  
Author(s):  
Kevin Pacini ◽  
David Berg ◽  
Thomas Tischer ◽  
Joe Johnson
Keyword(s):  
United Kingdom ◽  
Firm Performance ◽  
Empirical Investigation ◽  
Macroeconomic Factors ◽  
The United Kingdom

scholarly journals Career concerns versus shared values: An empirical investigation

2017 ◽  
Vol 31 (2) ◽  
pp. 162-184 ◽  
Author(s):  
Tom McKenzie ◽  
Alasdair C Rutherford
Keyword(s):  
United Kingdom ◽  
Career Paths ◽  
Empirical Investigation ◽  
Shared Values ◽  
Career Concerns ◽  
Trade Off ◽  
Employee Recruitment ◽  
The United Kingdom ◽  
Matched Data ◽  
The Relationship

We study the relationship between career concerns and shared values empirically using employee–employer matched data for the United Kingdom and overtime hours as a proxy for hard work. In line with standard career-concerns theory, we find that employees work less overtime the longer they have been with their current employer. We also find that employees who agree strongly with the statement ‘I share many of the values of my organisation’ do roughly 20% more overtime than the rest. Our results suggest the existence of a trade-off between career concerns and shared values. We begin to consider some potential implications of this for employee recruitment as well as for the design of career paths across the private, public and voluntary sectors.

scholarly journals The economic disturbance theory and the merger activity in Britain: An empirical investigation

1985 ◽  
Vol 16 (3) ◽  
pp. 103-108
Author(s):  
A. Pouris
Keyword(s):  
United Kingdom ◽  
Stock Prices ◽  
Stock Price ◽  
Empirical Investigation ◽  
Policy Implications ◽  
Cyclic Pattern ◽  
Merger Activity ◽  
The United Kingdom ◽  
Over Time ◽  
Comprehensive Discussion

This article is an empirical exploration of the hypothesis, advanced by Gort (1969), that mergers are the result of disturbed expectations owing to economic and technological shocks. The importance of this theory lies in the fact that it attempts to explain the observed cyclic pattern of merger activity and to provide a link between the neoclassical set of explanations and the timing of mergers. The tests point out that changes in merger rates over time and among industries in Britain are not determined by changes in technology and/or stock prices. Residual contributions are the comprehensive discussion of the availability and sources of data on mergers and stock price indices in the United Kingdom, and an indication, with policy implications, that merger activity may affect the performance of the stock market adversely.

Capabilities, strategies and firm performance in the United Kingdom

2019 ◽  
Vol 12 (1) ◽  
pp. 153-172 ◽  
Author(s):  
John Parnell ◽  
Malcolm Brady
Keyword(s):  
United Kingdom ◽  
Firm Performance ◽  
Financial Performance ◽  
Empirical Support ◽  
Content Type ◽  
Cost Leadership ◽  
The United Kingdom ◽  
Market Turbulence ◽  
Strategic Capabilities ◽  
The Impact

PurposeThe purpose of this paper is to investigate the influence of internal capabilities and environmental turbulence on market (e.g. cost leadership and differentiation) and nonmarket (e.g. political and social) strategies (NMS), and considers how these strategies impact financial and non-financial performance in firms in the United Kingdom.Design/methodology/approachA survey was administered online to 215 practicing managers in the UK. Measures for competitive strategy (i.e. cost leadership and differentiation), NMS, strategic capabilities, market turbulence and firm performance were adopted from or based on previous work. Hypotheses were tested via SmartPLS.FindingsFindings underscore the impact of market turbulence across all market and nonmarket strategy dimensions. Multiple links between capabilities and strategies were identified. Both cost leadership and differentiation were significantly linked to non-financial performance, but only differentiation was significantly linked to financial performance. An increased emphasis on social NMS was linked to higher financial performance, but not non-financial performance. Political NMS was linked to neither financial nor non-financial performance.Research limitations/implicationsThe sample included managers in multiple industries. Self-typing scales were utilized to measure market turbulence, emphasis on capabilities, strategic emphasis and firm performance.Practical implicationsEmphasis on social NMS can promote financial performance, but political NMS does not appear to drive either financial or non-financial performance.Originality/valueThis paper provides empirical support for a UK-based model linking market turbulence, strategic capabilities, market and nonmarket strategies, and both social and firm performance. It supports NMS as a key performance driver, but with caveats.

Market Regulation and Firm Performance: The Case of Smoking Bans in the United Kingdom

2012 ◽  
Vol 55 (2) ◽  
pp. 365-391 ◽  
Author(s):  
Jérôme Adda ◽  
Samuel Berlinski ◽  
Stephen Machin
Keyword(s):  
United Kingdom ◽  
Firm Performance ◽  
Market Regulation ◽  
Smoking Bans ◽  
The United Kingdom
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