Mission – characteristics, benefits, challenges and financial performance – a look at Cambodian listed firms.

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By Phengly Oeung Posted on Dec 12, 2023
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Dr. Parmindar Singh CamEd Business School 2017

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ABSTRACT

 

This article explains the characteristics, benefits of having a mission statement and the challenges faced in developing such a mission statement. An analysis of public-listed companies’ mission statement on the Cambodian stock exchange was undertaken and compared with the recommendation of Campbell and Yeung. This was followed by a simple financial analysis of return on capital employed between a firm that has a better mission statement as compared to another public listed firm whose mission statement was not as effective. Controlling for other variables, there may be a positive correlation between a firm’s mission statement and its financial performance

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