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Full-Text Articles in Business
Does The Importance Of Environmental Issues Within An Industry Affect The Relationship Between Lean Operations And Corporate Financial Performance?, Andrew S. Manikas, James R. Kroes, Benjamin P. Foster
Does The Importance Of Environmental Issues Within An Industry Affect The Relationship Between Lean Operations And Corporate Financial Performance?, Andrew S. Manikas, James R. Kroes, Benjamin P. Foster
IT and Supply Chain Management Faculty Publications and Presentations
Lean operations and environmental sustainability have been generally accepted to be complementary activities, although prior studies have not found consistent relationships between these factors and corporate financial performance. It has been proposed that these inconsistent findings might be due to industry-specific differences in sustainability. Thus, this study examines: (i) whether the level of leanness in companies is related to the importance of environmental sustainability and (ii) if the relationship between companies’ leanness and their financial performance is heightened by the importance of environmental issues inherent in their industries. To measure the importance of environmental issues in an industry, we employ …
Noteworthy Diversity Efforts And Financial Performance: Evidence From Diversityinc's Top 50, Benjamin P. Foster, Andrew Manikas, Dianna Preece, James R. Kroes
Noteworthy Diversity Efforts And Financial Performance: Evidence From Diversityinc's Top 50, Benjamin P. Foster, Andrew Manikas, Dianna Preece, James R. Kroes
IT and Supply Chain Management Faculty Publications and Presentations
This study provides evidence that diversity efforts are associated with improved organizational performance. We explore the benefits of diversity by analyzing long-term shareholder value (Tobin's q) and short-term performance (return on assets) of companies cited for being leaders in the area of diversity. Tobin's q is significantly higher for companies included on the DiversityInc Top 50 list than other companies, implying that diversity efforts increase long-term shareholder value. Companies on a DiversityInc list also have significantly better short-term financial performance, return on assets, than similar companies in their industry. We also conduct a Granger causation analysis, and the results are …