The relationship of strategic planning to financial performance
Article first published online: 30 SEP 2011
Copyright © 1986 John Wiley & Sons, Ltd.
Strategic Management Journal
Volume 7, Issue 5, pages 423–436, September/October 1986
How to Cite
Rhyne, L. C. (1986), The relationship of strategic planning to financial performance. Strat. Mgmt. J., 7: 423–436. doi: 10.1002/smj.4250070504
- Issue published online: 30 SEP 2011
- Article first published online: 30 SEP 2011
- Manuscript Revised: 8 JUN 1985
- Manuscript Received: 28 DEC 1984
The relationship between financial performance and characteristics of corporate planning systems was investigated/Planning systems that combined an external focus with a long-term perspective were found to be associated with superior 10-year total return to stockholders. A lagged relationship between such systems and 4-year average annual returns to investors also was identified.