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

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  • Filippo Zanin
  • Giulio Corazza

Abstract

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.

Suggested Citation

  • Filippo Zanin & Giulio Corazza, 2023. "Value-based Management System e performance. Il ruolo di moderazione della strategia ibrida e della turbolenza ambientale," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(3), pages 63-87.
    • Handle: RePEc:fan:macoma:v:html10.3280/maco2023-003004
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