Modelling the Link Between Management Practices and Financial Performance. Evidence from Small Construction Companies

被引：0
作者：
Johan Maes
Luc Sels
Filip Roodhooft
机构：
[1] Katholieke Universiteit Leuven Policy Research Center on Entrepreneurship Enterprises and Innovation,Research Center for Organization Studies
[2] Katholieke Universiteit Leuven Vlerick Leuven Ghent Management School,Research Center for Accountancy, Finance and Insurance
来源：
Small Business Economics | 2005年 / 25卷
关键词：
company characteristics; construction sector; financial performance; management practices; small business; owner-manager characteristics; L20; L74; M10;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper develops a structural model to investigate the direct and indirect effects of owner–manager and company characteristics and selected management practices on the financial performance of a sample of 218 small Belgian construction companies. The results show that the owner–manager and company characteristics (experience, education, financial knowledge, knowledge of cost accounting, company size and age) have no direct significant impact on financial performance. However, several significant paths have been found between the owner–manager and company characteristics and management practices. As far as the direct effects of the management practices are concerned we observe several significant paths from the management practices to financial performance. Our findings indicate that a model approach by including owner–manager and company characteristics and management practices in an intertwined way is necessary when exploring their effects on small business financial performance.
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页码：17 / 34
页数：17
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