Industrial awards as manifests of business performance: An empirical assessment |
| |
| Institution: | 1. Department of Management, New Mexico State University, P.O. Box 30001, Las Cruces, NM 88003-8001, USA;2. Rutgers University, Newark, NJ, USA;1. School of Instrument Science and Engineering, Southeast University, Nanjing, China;2. School of Electrical Engineering, University of Jinan, Jinan, China;3. School of Electrical Engineering and Automation, Shandong Polytechnic University, Jinan, China;4. Key Laboratory of Micro-Inertial Instrument and Advanced Navigation Technology Ministry of Education, China;1. Faculty of Business, Bond University, Queensland 4229, Australia;2. Game Development Department, Guild Hall, Southern Methodist University, Dallas, TX 75275-0333, United States;1. University of Zurich, Switzerland;2. ZEW, L7,1, Mannheim, Germany;3. University of Warwick, Gibbet Hill Road, Coventry CV4 7AL, UK;4. Zeppelin University, Am Seemooser Horn 20, 88045 Friedrichshafen, Germany;5. CREMA, Suedstrasse 11, CH-8008 Zurich, Switzerland;6. Department of Economics University of Zurich, Hottingerstrasse 10, CH-8032 Zurich, Switzerland;1. BK21 Plus Divisi24on of Nano Convergence Technology, Pusan National University, Busan 609-735, Republic of Korea;2. Department of Nano Fusion Technology, Pusan National University, Busan 609-735, Republic of Korea;3. Department of Physics and Physics Education, RCDAMP, Pusan National University, Busan 609-735, Republic of Korea;4. Department of Opto-mechatronics and Cogno-mechatronics Engineering, Pusan National University, Busan 609-735, Republic of Korea;5. Department of Nanoenergy Engineering, Pusan National University, Busan 609-735, Republic of Korea;6. Department of Chemistry, Hanyang University, 17 Haengdang-Dong, Seongdong-Gu, Seoul 133-791, Republic of Korea;1. Dipartimento di Economia, Metodi Quantitivi e Strategie di Impresa, Università degli Studi di Milano Bicocca, Piazza Ateneo Nuovo 1, Milano 20126, Italy;2. Hankamer School of Business, Baylor University, One Bear Place #98003, Waco, TX 76798, United States |
| |
| Abstract: | Although suppliers receive awards for various reasons, research on awards has mainly focused on those related to quality. We focus on other types of awards and enquire as to whether they relate to the supplier's financial performance. We investigate the relationship of operational awards by industrial customers and new product awards by industry forums on financial performance. We use long-term financial data for a large sample of suppliers to assess the relationships across product life cycle stages. Results indicate that during the growth stage, operational awards are associated with return on equity, whereas new product awards are associated with growth. As products mature, supplier and product awards both show an association with return on equity. A series of managerial implications are set forth and discussed. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
