The free cash flow hypothesis for sales growth and firm performance

2000

365 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d5d810e79e7ebd778845d07b33534cb160a83f86

Citations in the corpus

• Balance Within and Across Domains: The Performance Implications of Exploration and Exploitation in Alliances (2011, neutral): “Net profit is considered an accounting measure of financial performance (Barnett, Greve, and Park 1994; Brush, Bromiley, and Hendrickx 2000), whereas market value represents investors’ ex ante expectations about firms’ future market performance (Lubatkin and Shrieves 1986).”
• Do Shareholders or Stakeholders Appropriate the Rents from Corporate Diversification? The Influence of Ownership Structure (2010, neutral): “The governance literature has addressed rent appropriation concerns as conflicts of interest between two major stakeholder groups, owners and managers, over the goals of profit versus growth (Amihud & Kamin, 1979; Brush et al., 2000; Marris, 1964).”
• Effects of Selected Corporate Governance Characteristics on Firm Performance: Empirical Evidence from Kenya (2011, neutral): “Some studies (Palmer, 1973; Berger et al, 1997; Denis et al, 1997; Brush et al, 2000).”
• Alliance Portfolios and Firm Performance: A Study of Value Creation and Appropriation in the U.S. Software Industry (2007, positive): “These measures often discount firms’ intangible assets (Brush, Bromiley, and Hendrickx, 2000), which are pervasive in the software industry.”
• Institutional environment, innovation capacity and firm performance in Russia (2013, neutral): “Sales growth measures the financial performance of firms (Brush et al., 2000), while capacity utilisation measures the strategic economic performance of firms (Klein et al.”
• Are more resources always better for growth? Resource stickiness in market and product expansion (2004, neutral): “Brush et al. (2000), for example, found that growth rates in a sample of firms from various industries were positively related to standard accounting measures of subsequent profitability.”
• The Importance of Slack for New Organizations Facing ‘Tough’ Environments (2010, neutral): “The literature suggesting that slack leads to inefficiencies and decreased performance (Brush et al., 2000; Jensen and Meckling, 1976) may be more a function of this particular contextual environment than previously understood.”
• Organizational Slack and Firm Performance During Economic Transitions: Two Studies from an Emerging Economy (2003, neutral): “In the long run, however, as financial markets and legal systems are more strengthened, firms holding free cash flow may find it difficult to perform well due to increasing governance pressures ( Brush, Bromiley, and Hendrickx, 2000 ).”
• CEO incentives, innovation, and performance in technology‐intensive firms: a reconciliation of outcome and behavior‐based incentive schemes (2006, neutral): “In addition, Brush et al. (2000) suggested that these growth opportunities can be attributed in part to technological superiority.”
• The relationship between product and international diversification: the effects of short‐run constraints and endogeneity (2009, neutral): “Tobin’s q was calculated as simple q (Perfect and Wiles, 1994; Brush, Bromiley, and Hendrickx, 2000).”