Firm financial performance during the financial crisis: A French case study

Jabeur, Sami Ben; Mefteh‐Wali, Salma

doi:10.1002/ijfe.1935

Cited by 7 publications

(5 citation statements)

References 75 publications

(95 reference statements)

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“…Financial performance is proxies, this time, by the ratio of ROA (return on assets). ROA considers net income and total assets, which are both drawn from financial statements (Rachid, 2020;Neifar et al, 2020;Karim et al, 2019;Ben Jabeur, 2020). We re-estimate regressions (A) and (B) using the ROA rate as a proxy for the financial performance.…”

Section: Robustness Testmentioning

confidence: 99%

Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Dakhli¹

2021

JGR

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Purpose The purpose of this paper is to study how board attributes impact corporate social responsibility (CSR). In particular, this paper aims to empirically examine the impact of financial performance on the relationship between board attributes and CSR. Board attributes such as board size, board independence, female board representation and CEO-chair duality are included. Design/methodology/approach This study uses panel data set of 200 French companies listed during 2007–2018 period. The direct and moderating effects were tested by using multiple regression technique. Findings The results indicate that significant direct relationships exist among board attributes and CSR. Board independence and female board representation are positively linked with CSR. However, board size and CEO duality are negatively associated with CSR. Findings show, also, that corporate financial performance accentuates significantly the effect of board size, board independence and CEO-duality on CSR, but does not moderate the relationship between female board representation and CSR. Practical implications The findings may be of interest to different stakeholders and policy-makers and regulatory bodies interested in enhancing CG initiatives to strengthen corporate social responsibility because it suggests thinking about implementing a broadly accepted framework of good CG practices to meet the demand for greater transparency and accountability. As an extension to this research, further study can examine the impact of ownership structure and audit quality on CSR issues. Originality/value This study extends the dynamic relationship between CG mechanisms and CSR by offering new evidence on how corporate financial moderates this relationship.

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Section: Robustness Testmentioning

confidence: 99%

Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Dakhli¹

2021

JGR

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“…Firstly, fs/QCA differs from ‘conventional, variable‐based approaches’ because it does not ‘disaggregate cases into independent, analytically separate aspects but instead treat[s] configurations as different types of cases’ (Fiss, 2011, p. 401). Compared with multiple regression analysis, fs/QCA represents a promising new direction for empirical research because it helps to address issues with some statistical techniques (e.g., heterogeneity, multicollinearity, and data normality) which can produce misleading results (Ben Jabeur et al, 2021; Woodside, 2014). It handles significant levels of causal complexity, unlike linear regression analysis and multivariate techniques that cannot go beyond two‐ or three‐way interactions that are difficult to interpret (Fiss et al, 2013, cited in Grauvogel & Von Soest, 2014).…”

Section: Methodsmentioning

confidence: 99%

“…In fs/QCA, consistency and coverage are two parameters that define the extent to which the results ‘fit’ the data (Ragin, 2008), analogous to the correlation and the coefficient of determination (R 2 ) measures in regression analysis (Ben Jabeur et al, 2021). Consistency assesses the degree to which cases sharing a given combination of conditions agree in displaying the outcome of interest.…”

Section: Methodsmentioning

confidence: 99%

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Educational (mis)match in the context of new manufacturing: A qualitative comparative analysis study in five European countries

Barzotto

2023

Int. J Fin Econ

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The article examines the interplay between shop‐floor employees' educational levels, and firms' training strategies (expressed by the breadth of the training, the extent of the advanced IT training, and skills development in collaboration with local or national technical schools), leading to multinational companies' educational (mis)match in the context of the new model of manufacturing, known as ‘Industry 4.0.’ Following a survey of 26 senior managers from different companies operating in four advanced manufacturing industries (biotech, engineering, fashion and new materials) in five European countries (Germany, Italy, Spain, Sweden and the UK), a fuzzy‐set qualitative comparative analysis (fs/QCA) is applied. The results suggest several equifinal paths to corporate educational (mis)match. The findings reveal the need for a more hybridised coexistence between tertiary education and training activities, which can emerge from the cooperation of local actors (education/training institutions and businesses together). Tertiary education, training programmes focused on advanced IT skills, and collaborating with local knowledge providers can reinforce the effect; indeed, their presence (singly or in combination) intensifying the achievement of high levels of educational match. In the absence of these conditions (singly or in combination), a broad training programme can act as a counterbalance and vice versa. Policymakers should put in place tools to enable more inclusive access to collaborations between local businesses and knowledge providers, promoting an upgrade of educational programmes to develop shop‐floor workers who are more digitally aware, and better prepared to successfully undertake non‐routine cognitive tasks. This would foster the self‐sustainability and flourishing of advanced manufacturing in high‐income countries.

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“…The high efficiency of this method was also pointed out by Kutlu et al [21], who, through the Fuzzy Analytic Hierarchy Process (FAHP), tackled the issue of the optimal allocation of a renewable energy source from an economic point of view. Ben Jabeur et al [22] investigated the effect of the 2008 financial crisis on the corporate performance of 805 French companies in the period of 2007-2009, using the method of a qualitative comparative analysis of fuzzy sets (fsQCA).…”

Section: Related Workmentioning

confidence: 99%

A Fuzzy Multi-Criteria Evaluation System for Share Price Prediction: A Tesla Case Study

2023

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The article presents the predictive capabilities of a fuzzy multi-criteria evaluation system that operates on the basis of a non-fuzzy neural approach, but also one that is capable of implementing a learning paradigm and working with vague concepts. Within this context, the necessary elements of fuzzy logic are identified and the algebraic formulation of the fuzzy system is presented. It is with the help of the aforementioned that the task of predicting the short-term trend and price of the Tesla share is solved. The functioning of a fuzzy system and fuzzy neural network in the field of time series value prediction is discussed. The authors are inclined to the opinion that, despite the fact that a fuzzy neural network reacts in terms of applicability and effectiveness when solving prediction problems in relation to input data with a faster output than a fuzzy system, and is more “user friendly”, a sufficiently knowledgeable and experienced solver/expert could, by using a fuzzy system, achieve a higher speed of convergence in the learning process than a fuzzy neural network using the minimum range of input data carrying the necessary information. A fuzzy system could therefore be a possible alternative to a fuzzy neural network from the point of view of prediction.

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Firm financial performance during the financial crisis: A French case study

Cited by 7 publications

References 75 publications

Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Educational (mis)match in the context of new manufacturing: A qualitative comparative analysis study in five European countries

A Fuzzy Multi-Criteria Evaluation System for Share Price Prediction: A Tesla Case Study

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