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Impact of the inter - firm cooperation on company's performance: major changes during the economic crisis. Oksana Kabakova. November 27, 2013. Paper structure. Introduction Literature review Research design Data analysis Database Methodology Results Conclusions and limitations.
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Impact of the inter-firm cooperation on company's performance: major changes during the economic crisis Oksana Kabakova November 27,2013
Paper structure • Introduction • Literature review • Research design • Data analysis • Database • Methodology • Results • Conclusions and limitations
Introduction. Research question Are investments in the creation of the strong inter-firm cooperation allow the company to be better off, even if the markets go down?
Literature review • Ellis, Jarboe, 2010 • Jagannathan, Wang, 1996 • Lev, Sougiannis, 1999,Chan et al., 2001, Chambers et al., 2002 Types of cooperation Reasons for cooperation Inter-firm relationships in the framework of the value-creation theory
Research design. Hypothesis H1: Inter-firm relationships contribute to improving the financial performance of the company in a crisis environment.
Database • 1692 public companies from such European countries as Germany, Italy, France, Spain, the UK • The data is available for 8 years from 2004 to 2011 • Information about more than 150 parameters
Methodology: econometric specification • Participation in the inter-firm relationships • Board of directors qualification • Company’s age • Number of patents • Intangible assets • Number of employees • Industry • Economic Value Added
Conclusions Companies should participate in the inter-firm cooperation in order to survive during economic crisis. Moreover, collaboration positively influence financial performance in both growth and recovery periods.