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LS UF

Publikationsannahme in der Zeitschrift Long Range Planning

Die Studie “Cash for contingencies: How the organizational task environment shapes the cash-performance relationship” wurde zur Publikation in der Zeitschrift Long Range Planning (VHB-Jourqual 3: B; Impact factor: 3.363) angenommen. Die in Zusammenarbeit zwischen Christopher Jung, J. Nils Foege und Stephan Nüesch (alle WWU Münster) verfasste Studie untersucht ganzeitlich den Einfluss des externen Marktumfelds auf die Performanceeffekte von finanziellen Ressourcen, speziell am Beispiel von liquiden Mitteln („Cash“).

Kernaspekte:

  • Following the rationale of a contingent view on resource-performance relationships, this study provides a holistic perspective of the moderating role of the organizational task environment on the link between cash and performance.
  • We build on the concept of strategic fit between the firm and its external environment to argue that cash plays a facilitating role in aligning the firm and its environment.
  • Our results show that cash is of high strategic value in complex and dynamic environments, while it is less valuable under munificent conditions.
  • The public debate on the desirability of large cash holdings should consider the contexts when evaluating corporate cash holdings.

Wir gratulieren den Autoren. Es handelt sich um eine Open-Access-Studie, die unter folgendem Link zu finden ist.