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The Effects of Value-adding Strategy and Cost Levels on Financial Performance of Finnish Sawmills

Show simple item record 2013-12-12T08:47:40Z 2015-07-23T09:54:57Z 2013-12-12T08:47:40Z 2015-07-23T09:54:57Z 2013-12-12
dc.title The Effects of Value-adding Strategy and Cost Levels on Financial Performance of Finnish Sawmills en
ethesis.discipline Skogsekonomi och marknadsföring (marknadsföring av skogsprodukter) sv
ethesis.discipline Forest economics and marketing (Forest products marketing and management) en
ethesis.discipline Metsäekonomia ja markkinointi (Metsän tuotteiden markkinointi) fi
ethesis.department Institutionen för skogsvetenskaper sv
ethesis.department Department of Forest Sciences en
ethesis.department Metsätieteiden laitos fi
ethesis.faculty Agrikultur- och forstvetenskapliga fakulteten sv
ethesis.faculty Faculty of Agriculture and Forestry en
ethesis.faculty Maatalous-metsätieteellinen tiedekunta fi
ethesis.faculty.URI Helsingfors universitet sv University of Helsinki en Helsingin yliopisto fi
dct.creator Ito, Hiroki
dct.issued 2013
dct.language.ISO639-2 eng
dct.abstract The Finnish sawmill industry has been placed in a predicament due to changes in the business environment since the 1990s. Along the predicament, the industry has shifted its focus on customer-oriented products from production-oriented products. This can be a manifestation of a surge of value-adding strategy which aims to add premium value on products and has been emphasized in academia. Studies on the effects of value-adding strategy on financial performances are very few and no studies have taken into account the existence of strategic groups in the industry. This study scrutinizes the effects of value-adding strategy as well as cost levels of Finnish sawmills on their financial performances with information of strategic groups. The study employs multiple linear regression analysis and cluster analysis to analyze financial performance and of 180 Finnish sawmills from 2002 to 2011, although not all the data was utilized due to lack of certain information. The study found that value-adding activity positively impacts the performance, especially in the longer term. In addition, investment in the previous year as a mean to implement value-adding strategy can enhance the performance of a firm. As for the costs side, higher material cost and salary generally hamper the performance in the short term. However, the study found the positive effect of salary that improves the performance when the information of strategic groups is taken into account. Although it is impossible to tell which components of salary contribute performance due to the nature of the data that the study used, the importance of investing in human resource should be acknowledged. en
dct.subject value-added en
dct.subject value-adding en
dct.subject cost-efficiency en
dct.subject strategy en
dct.subject sawmill en
dct.subject financial performance en
dct.language en
ethesis.language English en
ethesis.language englanti fi
ethesis.language engelska sv
ethesis.supervisor Lähtinen, Katja
ethesis.thesistype pro gradu-avhandlingar sv
ethesis.thesistype pro gradu -tutkielmat fi
ethesis.thesistype master's thesis en
dct.identifier.urn URN:NBN:fi:hulib-201507212139
dc.type.dcmitype Text

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