Slack heterogeneity and firm performance: Investigating the relationship in Indian context

Nufazil Altaf and Farooq Shah

Research in International Business and Finance, 2017, vol. 42, issue C, 390-403

Abstract: The present study aims to investigate the impact of diverse forms of slack on firm performance in the Indian context: By investigating a panel data set of 426 non-financial Indian firms over a period of 5 years, the empirical results of both fixed effects model and generalized method of moments (GMM) reveal that different forms of slack have a negative impact on firm performance in Indian firms. The results of the study provide support for the agency view of the negative impact of slack resources on firm performance Moreover, the results remain robustly negative across alternative specifications and sub-samples.

Keywords: Financial slack; Human slack; Innovational slack; Firm performance; India (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:42:y:2017:i:c:p:390-403

DOI: 10.1016/j.ribaf.2017.07.059

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