Firm and industry effects within strategic management: An empirical examination

• 成果类型: Article
• 署名作者: Mauri, AJ; Michaels, MP
• 署名单位: City University of New York (CUNY) System; Baruch College (CUNY); McKinsey & Company
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/(SICI)1097-0266(199803)19:3<211::AID-SMJ947>3.0.CO;2-T
• 发表日期: 1998
• 页码: 211-219
• 关键词: industry heterogeneity; firm effects; industry effects; core strategies

摘要

This study brings out the complementarities between resource-based and industrial organization schools within strategic management through an empirical examination of firm and industry effects. A variance component analysis of 264 single-business companies from 69 industries using 5- and 15-year periods suggests that firm effects are more important than industry effects on firm performance, but not on core strategies such as technology and marketing. The findings also point to the need to study core strategies at lower levels of aggregation to understand the sources of competitive advantage. (C) 1998 John Wiley & Sons, Ltd.