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The relationship of strategic planning to financial performance
Author(s) -
Rhyne Lawrence C.
Publication year - 1986
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250070504
Subject(s) - shareholder , perspective (graphical) , business , strategic planning , finance , term (time) , focus (optics) , financial plan , economics , corporate governance , marketing , computer science , physics , quantum mechanics , artificial intelligence , optics
The relationship between financial performance and characteristics of corporate planning systems was investigated/Planning systems that combined an external focus with a long‐term perspective were found to be associated with superior 10‐year total return to stockholders. A lagged relationship between such systems and 4‐year average annual returns to investors also was identified.