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Planning and financial performance among small firms in a growth industry
Author(s) -
Bracker Jeffrey S.,
Keats Barbara W.,
Pearson John N.
Publication year - 1988
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.4250090606
Subject(s) - sophistication , multivariate analysis of variance , variance (accounting) , multivariate statistics , business , strategic planning , process (computing) , industrial organization , finance , marketing , accounting , computer science , social science , machine learning , sociology , operating system
This paper examines the relationship between planning process sophistication and the financial performance of a select group of small firms in a growth industry. Multivariate analysis of variance is used to identify statistically significant differences between firms that employ sophisticated plans and those that do not. The results support previous research on strategic planning and financial performance.