Financial Performance: An Early Abandoned or Independently Sufficient Approach. (A Systematic Literature Review)
DOI:
https://doi.org/10.14738/abr.1003.12038Keywords:
Economic data, Financial performance, Measurement model, Organization theory, Performance indicators (PI)Abstract
The organizational performance is a central subject of management sciences since it occupies an axial position in the control and steering mechanisms. Several researchers have tried to explore it and fix it by relying on certain concepts that are easy to grasp, including effectiveness and efficiency. Furthermore, dissecting it by dimensions according to approaches such as; the goal achievement model, the resource acquisition model, and theories like; the stakeholder theory.
In the literature, the financial approach was most advocated for judging and measuring the success of any business. Besides, many authors have affirmed that with the development and inseparability of social, economic, and environmental factors, the financial aspect becomes insufficient and abandoned.
It is in this perspective that the present paper, by being part of a series of works seeking to clarify the contours of organizational performance, aims to provide answers to the problem of the relative importance given to financial indicators and their reliability for the evaluation and measurement of performance in different contexts. Based on literature and main models of performance, we tried to collect then analyze a set of theoretical and empirical articles likely to better display the perception of financial performance by the organization and its shareholders, as well as the role of this dimension in translating the financial success (using purely economic PIs) or global prowess (leaning on extra-financial PIs) of companies regardless of their structure. Knowing that the performance doesn’t have the same meanings depending on features and many factors specific to the company.
References
Ahinful, G. S., Boakye, J. D., & Osei Bempah, N. D. (2021). Determinants of SMEs’ financial performance: evidence from an emerging economy. Journal of Small Business & Entrepreneurship, 1–24. https://doi.org/10.1080/08276331.2021.1885247
Ait Jillali, S., & Belkasseh, M. (2022). Performance financière des IPOs : Étude exploratoire. International Journal of Accounting, Finance, Auditing, Management and Economics, 3(1-1), 210-230. https://doi.org/10.5281/zenodo.5899558
Baidari, B. (2005). Les entreprises sénégalaises utilisent-elles les données comptables qu’elles produisent. Revue africaine de gestion, 2, 25-50.
Bessire, D. (1999). Définir la performance. Comptabilité Contrôle Audit, 5(2),127-150. https://doi.org/10.3917/cca.052.0127
Bocco, B. S. (2010). Perception de la notion de performance par les dirigeants de petites entreprises en Afrique. La Revue des Sciences de Gestion, 241(1), 117-124. https://doi.org/10.3917/rsg.241.0117
Bollecker, M., & Mathieu, P. (2008). Vers des systèmes de mesure des performances sociétales : l’apport des conventions. Revue Française de Gestion, 34(180), 89–102. https://doi.org/10.3166/rfg.180.89-102
Bourguignon A., (1998). Représentations de la performance : le contrôle de gestion ne suffit pas, in Congrès Performance et Comptabilité, XIXè siècle, Association Française de Comptabilité, Nantes, 537-553, V2.
Bourguignon, A. (1995). La performance, essais de définition. Revue française de comptabilité, 269, p.60-65.
Boyer, M. (1994). La performance des PMI dans l'attaque des marchés internationaux : une étude de cas dans un contexte d'île périphérique de la CEE. Revue internationale P.M.E, 7(2), 59–83.
https://doi.org/10.7202/1008389ar
Cameron K. S., (1978). Measuring Organization Effectiveness in Institutions of Higher Education. Adminisatrative Science Quaterly, 23(4), 604-632. https://doi.org/10.2307/2392582
Cameron, K. S., & Whetten, D. A. (1981). Perceptions of organizational effectiveness over organizational life cycles. Administrative Science Quarterly, 26(4), p.525-544. https://doi.org/10.2307/2392338
Campbell, J. P. (1977). On the nature of organizational effectiveness. New perspectives on organizational effectiveness, 13, p.55.
Capelle-Blancard, G., & Petit, A. (2013). Mesurer les performances extrafinancières. Revue française de gestion, (7), 109-125. https://doi.org/10.3166/RFG.236.109-125
Cerrada, K., De Rongé, Y., De Wolf, M., & Gatz, M. (2014). Comptabilité et analyse des états financiers (3e édition). Bruxelles: de Boeck.
Chang, L. (2007). The NHS performance assessment framework as a balanced scorecard approach. International Journal of Public Sector Management, 20(2), 101–117. https://doi.org/10.1108/09513550710731472
Chatelin, C., & Trébucq, S. (2003). Stabilité et évolution du cadre conceptuel en gouvernance d’entreprise: un essai de synthèse. 9e journées d’histoire de la comptabilité et du management, Paris.
Chenhall, R. H. (2003). Management control systems design within its organizational context: findings from contingency-based research and directions for the future. Accounting, organizations and society, 28(2-3), 127-168.https://doi.org/10.1016/S0361-3682(01)00027-7
Cormier, D., Magnan, M., & Zéghal, D. (2001). La pertinence et l'utilité prédictive de mesures de performance financière: une comparaison France, États-Unis et Suisse. Comptabilité Contrôle Audit, 7(1), 77-105. https://doi.org/10.3917/cca.071.0077
Davis, F. D. (1986). A Technology Acceptance Model for Empirically Testing New End-User Information Systems: Theory and Results. Thesis (Ph. D.) Sloan School of Management, Massachusetts Institute of Technology. http://hdl.handle.net/1721.1/15192
De La Villarmois, O. (2001). Le concept de performance et sa mesure: un état de l'art. Cahiers de recherche, 2, 1-18. http://odlv.free.fr/documents/recherche/crperf.PDF
Denyer, D., & Tranfield, D. (2009). Producing a systematic review. In D. A. Buchanan & A. Bryman (Eds.), The Sage handbook of organizational research methods (pp. 671–689). Sage Publications Ltd.
El Badraoui, K. (2014). L’évaluation de la performance opérationnelle a long terme: Aspects methodologiques et analyse critique. Revue de Gestion et d’Économie, 2(2),p. 1-11. https://jbe-revue.com/wp-content/uploads/2020/10/El-Badraoui.pdf
Fama E., 1998. Market Efficiency, Long Term Returns, and Behavioral Finance, Journal of Financial Economics, 49(3), p. 283-306. https://doi.org/10.1016/S0304-405X(98)00026-9
Garene, M. T., Waterman, R., Peters, T., & Pommier, C. T. (1983). Le prix de l'excellence: les secrets des meilleures entreprises. Interéditions, Paris. http://hdl.handle.net/2042/29274
Gauzente C. (2000), Mesurer la performance des entreprises en l’absence d’indicateurs objectifs: quelle validité ? Analyse de la pertinence de certains indicateurs, Finance Contrôle Stratégie, 3(2), 145-165. https://www.researchgate.net/publication/4797412
Hadini, M., Ali, M. B., Rifai, S., Bouksour, O., & Adri, A. (2020). Le Concept de la Performance Industrielle: Etat de l'Art. International Journal of Innovation and Applied Studies, 28(3), 726-739.
Herbert A. S., (1997), Administrative Behavior (1945), New York, The Free Press, 368 p.
Issor, Z. (2017). La performance de l’entreprise : un concept complexe aux multiples dimensions. Revue Projectique, 17(2), 93-103. https://doi.org/10.3917/proj.017.0093
Johnson, T. H., & Kaplan, R. S. (1987). Relevance lost: the rise and fall of management accounting. Harvard Business School Press
Kalika M. (1986), Structures d'entreprises, Économica
Kalika, M. (1988). Structures d'entreprises: réalités, déterminants, performances (Vol. 33). Economica. 428 p.
Kaplan, R.S., & Norton, D.P. (1992), The balanced scorecard-measures that drive performance, Harvard Business Review, January-February, 71-79. http://www.robertoformato.it/wp-content/uploads/2016/11/08-Kaplan-Norton-BSC.pdf
Kaplan, R.S., & Norton, D.P. (1993), Putting the balanced scorecard to work, Harvard Business Review, September-October, 71(5). 134-147.
https://www.ucipfg.com/Repositorio/GSPM/Cursos/SPOA_GSPM_02/PBSWHBROPEE6.pdf
Kébé P. I., (2006). La performance des projets de R&D, Une affaire de point de vue. Cahier de recherche, Groupe ESC Clermont, 08-11.
Kombou, L., & Feudjo, J. R. (2007). Les déterminants de la rentabilité. La Revue des Sciences de Gestion, 228(6), 45-56. https://doi.org/10.3917/rsg.228.0045
Larousse. (s.d.). Accessed December 15, 2021, at https://www.larousse.fr/dictionnaires/francais/performance/59512
Lebas, M. (1995). Oui, il faut définir la performance. Revue française de comptabilité, 269, 66-71.
Lebraty, J. F. (2001, December). Comprendre le concept d’information pour mieux appréhender les Technologies de l’Information et de la Communication. In Actes du colloque regards croisés gestion et Information-Communication, Nice, La communication d’entreprise-CRIC (pp. 84-102).
Lorino Paul. (1997), Méthodes et pratiques de la performance. Les Editions d’organisation, Paris, 512 p.
Lorino, P. (2001, May). Le balanced Scorecard Revisite: dynamique stratégique et pilotage de performance exemple d'une entreprise énergétique. In 22ÈME CONGRES DE L'AFC(pp. CD-Rom).
Mamboundou, J. P. (2003). Profil du propriétaire-dirigeant et performance de la PME africaine: une illustration à travers le cas gabonais. Gestion 2000. mai-juin, 35-54.
Marciniak, R., & Rowe, F. (2005). Systèmes d'information, dynamique et organisation (2e édition). Paris: Economica.
Mateo, S. (2020). Procédure pour conduire avec succès une revue de littérature selon la méthode PRISMA. Kinésithérapie, la Revue, 20(226), 29-37. https://doi.org/10.1016/j.kine.2020.05.019
Maurel, C., & Tensaout, M. (2014). Proposition d’un modèle de représentation et de mesure de la performance globale. Comptabilité-Contrôle-Audit, 20(3), 73-99. https://doi.org/10.3917/cca.203.0073
Melese, J. (1995). Approches systémiques des organisations : vers l'entreprise à complexité humaine (3e Edition) [Editions d'organisation].
Morin E.M., Savoie A., Beaudin G. (1994), L’efficacité de l’organisation: théories, représentations et mesures, Montréal, Gaëtan Morin Éditeur.
Ngokevina, J. F., & Kombou, L. (2006). L'influence du pouvoir du dirigeant sur la structure de l'entreprise: une étude à partir des entreprises camerounaises. La Revue des Sciences de Gestion: Direction et Gestion, 41(219), 89-98. https://doi.org/10.3917/rsg.219.0089
Piaget, J. (1970). L'épistémologie génétique, Presses Universitaires de France. Collection “Que sais-je?“, 1399, 4eme edition (1ère edition, 1970)
Pigé, B. (2015). Fondements théoriques de la représentation comptable de la performance dans une approche territoriale et parties prenantes. Prospective et stratégie, (1), 15-29. https://doi.org/10.3917/pstrat.006.0015
Quinn, R. E., & Rohrbaugh, J. (1983). A spatial model of effectiveness criteria: Towards a competing values approach to organizational analysis. Management science, 29(3), 363-377. https://doi.org/10.1287/mnsc.29.3.363
Reijonen, H., & Komppula, R. (2007). Perception of success and its effect on small firm performance. Journal of Small Business and Enterprise Development, 14(4), 689-701. https://doi.org/10.1108/14626000710832776
Sangué-Fotso, R., & Wamba, H. (2017). Perception de la performance par leurs dirigeants: le cas des PME camerounaises. Question (s) de management, 18(3), 155-171.https://doi.org/10.3917/qdm.173.0155
Saymeh, A., Arikat, H., Hashem, F., & Al-Khalieh, A. (2021). Intellectual Capital Effectiveness of Jordanian Banks Financial Performance. WSEAS Transactions on Business and Economics, 18, 552-568. https://doi.org/10.37394/23207.2021.18.56
Scott, W. R. (1977). Effectiveness of organizational effectiveness studies. New perspectives on organizational effectiveness, 63, p.95.
Seashore, S. E. (1979). Assessing organizational effectiveness with reference to member needs. Paper presented at the annual meeting of the Academy of Management, Atlanta.
Stern, J. M., & Stewart, G. B. (1994). EVA roundtable. Journal of Applied Corporate Finance, 7(2), 46-70. https://doi.org/10.1111/j.1745-6622.1994.tb00405.x
Yang, J. (2009). A Balanced Performance Measurement Scorecard Approach for Product Service Systems. 2009 International Conference on Business Intelligence and Financial Engineering. https://doi.org/10.1109/bife.2009.129
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Sanae Ait Jillali, Mohammed Belkasseh
This work is licensed under a Creative Commons Attribution 4.0 International License.
