Supplier/customer considerations in corporate financial decisions
Earlier research focussed on firm characteristics and the interests of financial stakeholders (shareholders and bondholders) as determinants of corporate policies. Subsequent research recognized that corporate policies are determined in a broader environment that includes nonfinancial stakeholders s...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2014-09-01
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| Series: | IIMB Management Review |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S0970389614000573 |
| _version_ | 1819094055035863040 |
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| author | Jayant R. Kale Costanza Meneghetti |
| author_facet | Jayant R. Kale Costanza Meneghetti |
| author_sort | Jayant R. Kale |
| collection | DOAJ |
| description | Earlier research focussed on firm characteristics and the interests of financial stakeholders (shareholders and bondholders) as determinants of corporate policies. Subsequent research recognized that corporate policies are determined in a broader environment that includes nonfinancial stakeholders such as suppliers, customers, labour etc. In this paper, we summarize the theoretical and empirical research that includes supplier/customer considerations in the determination of corporate policies such as capital structure, dividends, takeovers, earnings management, and product quality. We highlight the significant effect that the inclusion of supplier/customer interests has on these corporate policies. |
| first_indexed | 2024-12-21T23:21:19Z |
| format | Article |
| id | doaj.art-f34c3536c3304f99ab46125808f11577 |
| institution | Directory Open Access Journal |
| issn | 0970-3896 |
| language | English |
| last_indexed | 2024-12-21T23:21:19Z |
| publishDate | 2014-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | IIMB Management Review |
| spelling | doaj.art-f34c3536c3304f99ab46125808f115772022-12-21T18:46:47ZengElsevierIIMB Management Review0970-38962014-09-0126314915510.1016/j.iimb.2014.06.001Supplier/customer considerations in corporate financial decisionsJayant R. Kale0Costanza Meneghetti1Finance Group, 418C Hayden Hall, D'Amore-McKim School of Business, Northeastern University, 360 Huntington Avenue, Boston, MA 02115, USADepartment of Finance, College of Business and Economics, West Virginia University, P.O. Box 6025, Morgantown, WV 26506, USAEarlier research focussed on firm characteristics and the interests of financial stakeholders (shareholders and bondholders) as determinants of corporate policies. Subsequent research recognized that corporate policies are determined in a broader environment that includes nonfinancial stakeholders such as suppliers, customers, labour etc. In this paper, we summarize the theoretical and empirical research that includes supplier/customer considerations in the determination of corporate policies such as capital structure, dividends, takeovers, earnings management, and product quality. We highlight the significant effect that the inclusion of supplier/customer interests has on these corporate policies.http://www.sciencedirect.com/science/article/pii/S0970389614000573Capital structureCorporate policiesProduct marketsNonfinancial stakeholdersSupply chain |
| spellingShingle | Jayant R. Kale Costanza Meneghetti Supplier/customer considerations in corporate financial decisions IIMB Management Review Capital structure Corporate policies Product markets Nonfinancial stakeholders Supply chain |
| title | Supplier/customer considerations in corporate financial decisions |
| title_full | Supplier/customer considerations in corporate financial decisions |
| title_fullStr | Supplier/customer considerations in corporate financial decisions |
| title_full_unstemmed | Supplier/customer considerations in corporate financial decisions |
| title_short | Supplier/customer considerations in corporate financial decisions |
| title_sort | supplier customer considerations in corporate financial decisions |
| topic | Capital structure Corporate policies Product markets Nonfinancial stakeholders Supply chain |
| url | http://www.sciencedirect.com/science/article/pii/S0970389614000573 |
| work_keys_str_mv | AT jayantrkale suppliercustomerconsiderationsincorporatefinancialdecisions AT costanzameneghetti suppliercustomerconsiderationsincorporatefinancialdecisions |