Environmental Factors, Mission Statements, and Innovation-Financial Performance

This study estimates the relationship between macro and industry-sector economic factors, mission statements content, and the innovation-financial performance of cross-sectorial organizations. Results show that research-intensive organizations provide more complex mission statements, and those from...

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Bibliographic Details
Published in:Management accounting quarterly 2022-07, Vol.23 (3), p.10-20
Main Authors: Cortés, Julián D, Villabona, Juliana Dueñas, Godoy-Bejarano, Jesús M, Téllez-Falla, Diego F
Format: Article
Language:English
Subjects:
Business metrics
Corporate profits
Financial performance
Innovations
Mission statements
Private schools
Profitability
Return on assets
Variables
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Summary:This study estimates the relationship between macro and industry-sector economic factors, mission statements content, and the innovation-financial performance of cross-sectorial organizations. Results show that research-intensive organizations provide more complex mission statements, and those from the private sector that are simpler and financial-related translate into increased profitability but lower assets turnover.
ISSN:1528-5359
2577-8811