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2024 | 18 | nr 2 | 248--264
Tytuł artykułu

Literature Analysis of Financial Flexibility and Financial Performance: Bibliometric and Scientometric Analysis

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This research explores the role of financial flexibility and financial performance in the literature. It gives a quantitative review of the scholarly literature on this topic. The research investigates whether financial flexibility can have an impact on financial performance. A bibliometric and scientometric study was performed on a database encompassing 266 English-language publications published between 1991 and 2023. Data on publications, journals, authors, and citations were gathered, double-checked, and analyzed using bibliometric and scientometric techniques. A review of the literature and scientometrics revealed that published research focuses mostly on variables linked to financial flexibility and financial performance. According to the findings of the study, financial flexibility is linked to financial crises, financial restrictions, profitability, and financial performance. Therefore, the potential for the development of related articles on financial flexibility and financial performance can still be continued. These findings also provide a foundation for future research on financial flexibility and financial performance by highlighting characteristics associated with financial flexibility and financial performance. This research adds to the body of knowledge on the impact of financial flexibility on financial performance. It presents a comprehensive evaluation of the literature on the issues of financial flexibility and financial performance in greater depth. (original abstract)
Rocznik
Tom
18
Numer
Strony
248--264
Opis fizyczny
Twórcy
  • Brawijaya University, Indonesia
autor
  • Brawijaya University, Indonesia
  • Brawijaya University, Indonesia
autor
  • Brawijaya University, Indonesia
Bibliografia
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  • Jensen, M. C., & Meckling, W. H. (2019). Theory of the firm: Managerial behavior, agency costs and ownership structure. In R. I. Ticker (Ed.), Corporate Governance (pp. 77-132). Gower.
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  • McKillop, D. G., & Hutchinson, R. W. (1991). Financial intermediaries and financial markets: A United Kingdom regional perspective. Regional Studies, 25(6), 543-554. https://doi.org/10.1080/00343409112331346707
  • Meier, I., Bozec, Y., & Laurin, C. (2013). Financial flexibility and the performance during the recent financial crisis. International Journal of Commerce and .... https://www.emerald.com/insight/content/doi/10.1108/10569211311324894/full/html?utm_campaign=Emerald_Strategy_PPV_November22_RoN
  • Mensah, Y. M., & Werner, R. (2003). Cost efficiency and financial flexibility in institutions of higher education. Journal of Accounting and Public Policy, 22(4), 293-323. https://doi.org/10.1016/S0278-4254(03)00036-X
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  • Panda, A. K., & Nanda, S. (2018). Working capital financing and corporate profitability of Indian manufacturing firms. Management Decision, 56(2), 441-457. https://doi.org/10.1108/MD-07-2017-0698
  • Pedersen, E. R. G., Gwozdz, W., & Hvass, K. K. (2018). Exploring the relationship between business model innovation, corporate sustainability, and organisational values within the fashion industry. Journal of Business Ethics, 149(2), 267-284. https://doi.org/10.1007/s10551-016-3044-7
  • Penrose, E., & Penrose, E. T. (2009). The theory of the growth of the firm. Oxford University Press.
  • Rapp, M. S., Schmid, T., & Urban, D. (2014). The value of financial flexibility and corporate financial policy. Journal of Corporate Finance, 29, 288-302. https://doi.org/10.1016/j.jcorpfin.2014.08.004
  • Rogers, P. P., Ojha, D., & White, R. E. (2011). Conceptualising complementarities in manufacturing flexibility: A comprehensive view. International Journal of Production Research, 49(12), 3767-3793. https://doi.org/10.1080/00207543.2010.499116
  • Shang, K.-C., & Marlow, P. B. (2005). Logistics capability and performance in Taiwan's major manufacturing firms. Transportation Research Part E: Logistics and Transportation Review, 41(3), 217-234. https://doi.org/10.1016/j.tre.2004.03.002
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  • Teng, X., Chang, B.-G., & Wu, K.-S. (2021). The role of financial flexibility on enterprise sustainable development during the COVID-19 crisis-A consideration of tangible assets. Sustainability (Switzerland), 13(3), 1-16. https://doi.org/10.3390/su13031245
  • Vu, H. M., & Chi, H. T. (2022). The Factors of Financial Performance of SMEs (Case of Vietnam). Contemporary Economics, 16(3), 346-360. https://doi.org/10.5709/ce.1897-9254.486
  • Yung, K., Li, D. Q. D., & Jian, Y. (2015). The value of corporate financial flexibility in emerging countries. In Journal of Multinational Financial Management. Elsevier. https://doi.org/10.1016/j.mulfin.2015.07.001
  • Zahari, M. K., Zakuan, N., Saman, M. Z. M., Yaacob, T. Z., & Nor, R. M. (2023). The impact of flexibility and responsiveness on the financial performance in Malaysia's manufacturing industry during the COVID-19 pandemic. International Journal of Applied Economics, Finance and Accounting, 16(1), 10-17. https://doi.org/10.33094/ijaefa.v16i1.870
  • Zainudin, Z., Ibrahim, I., Said, R. M., & Hussain, H. I. (2017). Debt and financial performance of reits in Malaysia: A moderating effect of financial flexibility. Jurnal Pengurusan, 50, 3-12. https://doi.org/10.17576/pengurusan-2017-50-01
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171693949

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