• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>International journal of production economics >The relationship of operational innovation and financial performance-A critical perspective
【24h】

The relationship of operational innovation and financial performance-A critical perspective

机译：运营创新与财务绩效的关系-批判性视角

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Operations management designs, schedules, and controls organizational processes to increase productivity by using methods such as Just-in-Time (JIT)/Lean Manufacturing, Total Quality Management (TQM) or Environmental Management Systems (EMS). Following implementation, managers generally want to determine the impact of such operational innovations on firm performance. Past studies analyzed financial ratios to prove the usefulness of the operational methods; however, findings are mixed. While some reported positive relationships between operational innovations and financial performance, others found no or inconsistent relationships. Motivated to uncover explanations for said inconsistencies, this paper takes a critical look at the appropriateness of the profitability ratios Return on Asset (ROA), Return on Equity (ROE) and Basic Earning Power (BEP) in determining the impact of a given operations strategy on firm performance. Focusing on JIT/Lean Manufacturing, the relationship between these ratios and inventory management ratios is analyzed. Fixed-effect regression shows that no consistent relationship between ROA, ROE, BEP and inventory management ratios exists. This result may be explained, as the profitability of a firm is affected by at least two factors: results from its operations, and how these are financed (e.g. usage of cheap debt, which enhances profitability). This paper suggests that the impact of an individual operations strategy is difficult to isolate from other firm activities, such as its financial management. Hence, profitability ratios such as ROA, ROE and BEP that aggregate all of a firm's activities may not be suitable metrics to determine the effect of JIT/Lean Manufacturing methods on financial firm performance.
机译：运营管理设计，计划和控制组织过程，以通过使用即时（JIT）/精益生产，全面质量管理（TQM）或环境管理系统（EMS）等方法来提高生产率。实施之后，管理人员通常希望确定此类运营创新对公司绩效的影响。过去的研究分析了财务比率，以证明操作方法的有效性；但是，结果是喜忧参半。尽管有些报告称运营创新与财务绩效之间存在积极关系，但另一些报告则没有或存在不一致的关系。出于发现上述不一致之处的动机，本文对确定收益率，资产收益率（ROA），股本收益率（ROE）和基本收益能力（BEP）的适用性进行了批判性研究，以确定了给定运营策略的影响在公司业绩上。以准时制/精益生产为重点，分析了这些比率与库存管理比率之间的关系。固定效应回归表明，ROA，ROE，BEP与库存管理比率之间不存在一致关系。可以解释这一结果，因为公司的获利能力至少受两个因素影响：其经营成果，以及其融资方式（例如廉价债务的使用，从而提高了盈利能力）。本文表明，很难将单个运营策略的影响与其他公司活动（例如其财务管理）区分开来。因此，诸如ROA，ROE和BEP之类的利润率汇总了公司的所有活动，可能不适合用来确定JIT /精益生产方法对金融公司绩效的影响。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号