The Red Queen effect: Competitive actions and firm performance

• 成果类型: Article
• 署名作者: Derfus, Pamela J.; Maggitti, Patrick G.; Grimn, Curtis M.; Smith, Ken G.
• 署名单位: Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University System of Maryland; University of Maryland College Park
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• 发表日期: 2008
• 页码: 61-80
• 关键词: MARKET-STRUCTURE; ARMS RACES; EVOLUTION; entry; survival

摘要

We investigate the Red Queen effect as a contest of competitive moves or actions among rivalrous firms. The results from a multi-industry study of over 4,700 actions confirms the existence of Red Queen competition, whereby a firm's actions increase performance but also increase the number and speed of rivals' actions, which, in turn, negatively affect the initial firm's performance. We further show that this Red Queen effect depends on industry context and a focal firm's market position.