• Financial Efficiency and Social Impact of Microfinance Institutions

      Louis, Philippe; Seret, Alex; Baesens, Bart; Louis, Philippe; Seret, Alex; Baesens, Bart (2013)
      This paper contributes to the literature by investigating whether the increased focus on financial self-sustainability of microfinance institutions has been disadvantageous to the target audience. We investigate the association between social efficiency and financial performance using a comprehensive data set that includes 650 microfinance institutions. A self-organizing map methodology is used to fully capture the existing heterogeneity among institutions. The results show that we cannot support the hypothesis that there exists a trade-off. On the contrary, we find evidence of a significant, positive relationship between social efficiency and financial performance.
    • Financial Ratio Cross-section Dynamics: A Non-Parametric Approach

      Roodhooft, Filip; Konings, Jozef; Roodhooft, Filip; Konings, Jozef (1997)
    • Financial reporting quality in private equity backed companies: the impact of ownership concentration

      Beuselinck, Christof; Manigart, Sophie; Beuselinck, Christof; Manigart, Sophie (2007)
    • Financial Risk management

      Thibeault, André; Thibeault, André (Nyenrode Business Universiteit, 2001)
    • Financial Services 2.0: How Technology Puts the Customer Central

      Cumps, Bjorn; Cumps, Bjorn (2013)
      Control offers a critical differentiator between successful and failed interfirm service exchanges. The application of informal control to improve supplier performance has been well established, but the effect of formal control appears profoundly equivocal. This study proposes that the actual effect of formal control depends on its mode (output vs. behavior) and its relationship with the service type (mass vs. professional) and informal control. With survey data from 252 service buying organizations, the results indicate that output control interacts with service type to determine perceived supplier performance (PSP). Buyers’ reliance on high output control has a positive effect on PSP in mass service exchanges, this effect becomes negative in professional service exchanges. The effect of the interaction of behavior control and service type also depends on the presence of informal control. Buyers’ reliance on high behavior control exerts a more positive effect on PSP in professional service exchanges than in mass service exchanges, but only in the presence of informal control. These findings have key implications for both theory and practice.
    • Financial statement filing lags: an empirical analysis among small firms

      Luypaert, Mathieu; Van Caneghem, Tom; Van Uytbergen, Steve; Luypaert, Mathieu; Van Caneghem, Tom; Van Uytbergen, Steve (2016)
      This article examines financial statement filing lags among a sample of Belgian small firms. Our results indicate that around one-third of small firm financial statements are filed late (after the legal deadline), but that monetary sanctions could be an effective tool to encourage compliance with legal deadlines. Whereas the deadline and late filing sanctions are filing incentives, various factors, such as firm size and presence of an external financial statement audit, also affect financial statement filing lags. Evidence indicated that extremely late filings were associated with lower financial statement quality.
    • Financiële analyse van de bouwsector

      Roodhooft, Filip; Roodhooft, Filip (1989)
    • Financiële beoordeling van een kredietverkoop

      Theunissen, Ludo; Theunissen, Ludo (2003)
    • Financiële conglomeraten: een economisch en strategisch overzicht

      Vander Vennet, Rudi; Verweire, Kurt; Van den Berghe, Lutgart; Vander Vennet, Rudi; Verweire, Kurt; Van den Berghe, Lutgart (2001)
    • Financiële evaluatie van de kredietpolitiek

      Theunissen, Ludo; Theunissen, Ludo (2003)
    • Financiële problemen in de kunstsector

      Vanhaverbeke, Wim; Vanhaverbeke, Wim (1991)
    • Financing the high technology startups in Belgium: an explorative study

      Manigart, Sophie; Struyf, Carol; Manigart, Sophie; Struyf, Carol (1997)
      The results of an explorative study on the financing of 18 high technology Belgian startups are reported. On a counts basis, the most important sources of financing at the startup are the entrepreneurs and the banks, but the sources that provide the largest amounts of funds are the venture capital companies and private investors. Private investors and venture capitalists have a complimentary role, with the former investing mostly at the startup and the latter financing the early growth. The role of the government, universities and other companies is limited.
    • Fintech: Why the sharing economy does not spell doom for banks

      Cumps, Bjorn; Cumps, Bjorn (2017)
      FinTech start-ups will not kill traditional high street banks, according to Professor Bjorn Cumps, from the Centre for Financial Services at Vlerick Business School.
    • Firm exit after distress: differentiatiating between bankruptcy, voluntary liquidation and M&A

      Balcaen, Sofie; Manigart, Sophie; Ooghe, Hubert; Buyze, J.; Balcaen, Sofie; Manigart, Sophie; Ooghe, Hubert; Buyze, J. (2012)
    • Firm valuation in venture capital financing rounds: the role of investor bargaining power

      Heughebaert, Andy; Manigart, Sophie; Heughebaert, Andy; Manigart, Sophie (2012)
      theories mentioned in research on executive compensation to each of these paradigms
    • Fitting management control systems to the competitive advantage: A research note

      Van der Stede, Wim A.; Bruggeman, Werner; Van der Stede, Wim A.; Bruggeman, Werner (1993)
      Recent publications suggest that existing management accounting and control systems prevent business unit managers from realizing their desired competitive advantage. Although the concept of competitive advantage has already been thoroughly discussed in strategy literature, it has not yet been integrated into the management accounting and management control frameworks. Only a limited number of researchers have concentrated on contingency research in this area. Contingency theory simply states that organizational structure, process, and management control systems are contingent upon various internal and external factors, such as industry, technology, size, culture, and strategy. An attempt is made to identify and investigate the management control and strategy relationship. The results of exploratory field research in 18 companies (32 business units) are reported. Based on the results, some hypotheses are formulated on the observed characteristics of the management control process in case of low-cost strategy, differentiation strategy in a standard product environment, and differentiation strategy for customized products.
    • Flexibele produktie: prestaties en kosten

      Bruggeman, Werner; Slagmulder, Regine; Bruggeman, Werner; Slagmulder, Regine (1992)
    • Flexibiliteit: een zaak voor iedereen?

      Buyens, Dirk; De Vos, Ans; Buyens, Dirk; De Vos, Ans (1997)
    • Flexibilité: Tous concernés?

      Buyens, Dirk; De Vos, Ans; Buyens, Dirk; De Vos, Ans (1997)