IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/j23ds.html
   My bibliography  Save this paper

Mission statements of Latin-American firms: content analysis, readability, and their effect on financial performance

Author

Listed:
  • Cortés-Sánchez, Julián David

    (Universidad del Rosario)

  • Rivera, Liliana

Abstract

Mission statements (MSs) are one of the most widespread managerial practices. However, a deeper understanding of the relationship between MS characteristics and a firm’s financial performance is needed. This study proposes a qualitative and quantitative analysis of MS characteristics (i.e., key words and readability) for Latin-American firms and their relationship to financial performance. MS content is evaluated using content analysis software, and the relationship between MS readability and financial performance is examined using regression analysis. The results of the content analysis suggest differences among industries and an international trend toward isomorphism regarding key terms. The results of the quantitative analysis revealed a positive relationship between MS readability and return on assets and return on equity. These results suggest a positive impact of the MS on a company’s long-term financial performance, highlighting the importance of having a readable MS.

Suggested Citation

  • Cortés-Sánchez, Julián David & Rivera, Liliana, 2018. "Mission statements of Latin-American firms: content analysis, readability, and their effect on financial performance," SocArXiv j23ds, Center for Open Science.
    • Handle: RePEc:osf:socarx:j23ds
    DOI: 10.31219/osf.io/j23ds
    as

    Download full text from publisher

    File URL: https://osf.io/download/5be6c29bd354e900167adedb/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/j23ds?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:j23ds. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.