Interfirm differences in scale economies and the evolution of market shares

Strategic Management Journal

Volumn 20, Issue 10, 1999, Pages 935-952

  Makadok, Richard ^a  

^a EMORY UNIVERSITY   (United States)

Author keywords

Interfirm differences; Resource based view; Scale economies

Indexed keywords

EID: 0007405329     PISSN: 01432095     EISSN: None     Source Type: Journal    
DOI: 10.1002/(SICI)1097-0266(199910)20:10<935::AID-SMJ56>3.0.CO;2-G     Document Type: Article

References (43)

1. Akaike, H. (1969). 'Fitting autoregressive models for predictions'. Annals of the Institute of Statistical Mathematics, 21, pp. 242-247.
2. Akaike, H. (1973). 'Information theory and an extension of the maximum likelihood principle'. In B. Petrov and F. Csake (eds.), Second International Symposium on Information Theory. Akademiai Kiado, Budapest, pp. 267-281.
3. Amemiya, T. (1985). Advanced Econometrics. Harvard University Press, Cambridge, MA.
4. Barney, J. B. (1991). 'Firm resources and sustained competitive advantage', Journal of Management, 17(1), pp. 99-120.
5. Baumol, W. J., S. M. Goldfeld, L. A. Gordon and M. F. Koehn (1990). The Economics of Mutual Funds Markets: Competition versus Regulations. Kluwer Academic, Rochester, NY.
6. Baumol, W. J., J. C. Panzar and R. D. Willig (1988). Contestable Markets and the Theory of Industry Structure (revised ed.). Harcourt Brace Jovanovich, New York.
7. Beaver, W. (1970). 'The time series behavior of earnings', Journal of Accounting Research, Special Issue on Empirical Research in Accounting, 8, pp. 62-89.
8. Chevalier, J. and G. Ellison (1997). 'Risk taking by mutual funds as a response to incentives', Journal of Political Economy, 105(6), pp. 1167-1200.
9. Chow, G. C. (1960). 'Tests of equality between sets of coefficients in two linear regressions', Econometrica, 28, pp. 591-605.
10. D'Aveni, R. A. (1994). Hypercompetition: Managing the Dynamics of Strategic Maneuvering. Free Press, New York.
11. Dermine, J. and L.-H. Röller (1992). 'Economies of scale and scope in French mutual funds', Journal of Financial Intermediation, 2, pp. 83-93.
12. Durnford, T. (1997). 'Redefining value: For whom the Taco Bell tolls', Cornell Hotel and Restaurant Administration Quarterly, 38(3), pp. 74-80.
13. Farrar, D. E. and R. E. Davis (1991). 'The optimal time to impose normal operating expenses on newly organized money market mutual funds: When should you cut the tree?', Financial Analysts Journal, 47(5), 80-84.
14. Geweke, J., R. Meese and W. Dent (1982). 'Comparing alternative tests of causality in temporal systems', Journal of Econometrics. 21, pp. 161-194.
15. Ghemawat, P. (1986). 'Sustainable advantage', Harvard Business Review. 64(5), pp. 53-58.
16. Granger, C. W. J. (1969). 'Investigating causal relations by econometric models and cross-spectral models', Econometrica, 37, pp. 424-438.
17. Greenberg, E. and C. E. Webster (1983). Advanced Econometrics: A Bridge to the Literature. Wiley, New York.
18. Greene, W. H. (1997). Econometric Analysis (3rd ed.). Prentice-Hall, Upper Saddle River, NJ.
19. Henderson. R. and I. Cockburn (1994). 'Measuring competence? Exploring firm effects in pharmaceutical research', Strategic Management Journal, Winter Special Issue, 15, pp. 63-84.
20. Henderson, R. and I. Cockburn (1996). 'Scale, scope, and spillovers: The determinants of research productivity', Rand Journal of Economics, 27(1), pp. 32-59.
21. Investment Company Institute (1987). Report on Mutual Fund Transfer Agent Trends and Billing Practices. Investment Company Institute, Washington, DC.
22. Ippolito, R. A. (1992). 'Consumer reaction to measures of poor quality: Evidence from the mutual fund industry', Journal of Law and Economics, 35(1), pp. 45-70.
23. Jacobsen, R. (1988). 'The persistence of abnormal returns', Strategic Management Journal, 9(5), pp. 415-430.
24. Lippman, S. A. and R. P. Rumelt (1982). 'Uncertain imitability: An analysis of interfirm differences in efficiency under competition', Bell Journal of Economics, 13(2), pp. 418-438.
25. Makadok, R. (1997) 'Do inter-firm differences in capabilities affect strategic pricing dynamics?'. Academy of Management Best Paper Proceedings 1997, pp. 30-34.
26. Makadok, R. J. (1998). 'Can first-mover and early-mover advantages be sustained in an industry with low barriers to entry/imitation?', Strategic Management Journal, 19, pp. 683-696.
27. Mueller, D. C. (1977). 'The persistence of profits above the norm', Economica, 44, pp. 369-380.
28. Mueller, D. C. (1986). Profits in the Long Run. Cambridge University Press, Cambridge, U.K.
29. Mueller, D. C. (ed.) (1990). The Dynamics of Company Profits. Cambridge University Press, Cambridge, U.K.
30. Nathans, L. (1989). 'Money market funds that pack a real punch', Business Week, 12 August, p. 104.
31. Nelson, R. R. and S. G. Winter (1982). An Evolutionary Theory of Economic Change. Belknap Press of Harvard University Press, Cambridge, MA.
32. Nerlove, M. and K. Wallis (1966). 'Use of the Durbin-Watson statistic in inappropriate situations', Econometrica, 34, pp. 235-238.
33. Nicholson, W. (1985). Microeconomic Theory: Basic Principles and Extensions (3rd ed.). Dryden Press, New York.
34. Nickell, S. (1981). 'Biases in dynamic models with fixed effects', Econometrica, 49, pp. 1417-1426.
35. Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. Free Press, New York.
36. Porter, M. E. (1996). 'What is strategy?', Harvard Business Review, 74(6), pp. 61-78.
37. Scherer, F. M. and D. Ross (1990). Industrial Market Structure and Economic Performance (3rd ed.). Houghton Mifflin, Boston, MA.
38. Sims, C. A. (1972). 'Money, income, and causality', American Economic Review, 62, pp. 540-552.
39. Sirri, E. and P. Tufano (1998). 'Costly search and mutual fund flows', Journal of Finance. 53(5), pp. 1589-1622.
40. Spragins, E. (1993). 'Clash of the titans'. Smart Money, 11(October), pp. 98-107.
41. Stalk, G., P. Evans and L. E. Shulman (1992). 'Competing on capabilities: The new rules of corporate strategy', Harvard Business Review, 70(2), pp. 57-69.
42. Stigler, G. (1958). 'The economies of scale', Journal of Law and Economics, 1, pp. 54-71.
43. Stone, A. (1993). 'Mutual-fund fees: Gone today, here tomorrow', Business Week, 12 July, p. 154.