Value-based Management System e performance. Il ruolo di moderazione della strategia ibrida e della turbolenza ambientale

Titolo Rivista MANAGEMENT CONTROL
Autori/Curatori Filippo Zanin, Giulio Corazza
Anno di pubblicazione 2024 Fascicolo 2023/3
Lingua Italiano Numero pagine 25 P. 63-87 Dimensione file 283 KB
DOI 10.3280/MACO2023-003004
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This paper contributes to the Value-based Management (VBM) literature by providing empirical evidence on the performance effects that arise from the adop-tion of value-based management systems. Through the analysis of two contingen-cy factors – strategy, measured by the firm’s hybrid strategic positioning, and envi-ronment, analyzed by the degree of environmental uncertainty – the present study tries to explain if and how the adoption of VBMS impacts on firm performance. Focusing on 367 non-financial firms indexed in the MSCI Europe index during the period 2013-2018, the paper represents the first effort to investigate the role of the firm’s strategic positioning and environmental turbulence in affecting the relation-ship between VBM systems and firm performance. In particular, the study highlights how VBM can become a powerful tool for man-aging the need of flexibility that arise from internal and external contextual fac-tors, thus enhancing firm performance.

Parole chiave:Value-based Management Systems, Hybrid strategy, Differentiation, Cost leadership, Environmental Turbulence, Residual Income, VBM performance effects.

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Filippo Zanin, Giulio Corazza, Value-based Management System e performance. Il ruolo di moderazione della strategia ibrida e della turbolenza ambientale in "MANAGEMENT CONTROL" 3/2023, pp 63-87, DOI: 10.3280/MACO2023-003004