| Author: | Maes, J. Sels, L. Roodhooft, F. |
| Title: | Modelling the link between management practices and financial performance. Evidence from small construction companies |
| Journal: | Small business economics
2005 : AUG, VOL. 25:1, p. 17-34 |
| Index terms: | Small business Financial performance Construction industry Management styles Models Companies Belgium |
| Language: | eng |
| Abstract: | In the paper, a structural model is developed to investigate the direct and indirect effects of owner-manager (here as: o-mgr.) and company characteristics (here as: comp-chars.) and selected management practices (here as: mgmt-prcs.) on the financial performance (here as: fin-perf.) of a sample of 218 small Belgian construction companies. The results show that the o-mgr. and comp-chars. (e.g. experience, education, financial knowledge etc.) have no direct significant impact on fin-perf. However, several significant paths have been found btw. the o-mgr. and comp-chars. and mgmt-prcs. |
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