An examination of firm, industry, and time effects on performance using random coefficients modeling

Organizational Research Methods

Volumn 9, Issue 3, 2006, Pages 259-284

  Short, Jeremy C ^a   Ketchen Jr , David J ^b   Bennett, Nathan ^c   Du Toit, Mathilda ^d  

^a TEXAS TECH UNIVERSITY   (United States)

^b AUBURN UNIVERSITY   (United States)

^c GEORGIA INSTITUTE OF TECHNOLOGY   (United States)

^d Scientific Software International ^*

Author keywords

Longitudinal research; Multilevel studies; Organizational performance

Indexed keywords

EID: 33745023384     PISSN: 10944281     EISSN: 15527425     Source Type: Journal    
DOI: 10.1177/1094428106287572     Document Type: Article

References (70)

1. Akaike, H. (1987). Factor analysis and the AIC. Psychometrika, 52, 317-332.
2. Antle, R., & Fellingham, J. (1990). Resource rationing and organizational slack in a two-period model. Journal of Accounting Research, 28, 1-24.
3. Aupperle, K., Carroll, A., & Hatfield, J. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. Academy of Management Journal, 28, 446-463.
4. Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17 (1). 99-120.
5. Baysinger, B. D., & Hoskisson, R. E. (1989). Diversification strategy and R&D intensity in multiproduct firms. Academy of Management Journal, 32, 310-332.
6. Bergh, D. D. (1993a). Don't "waste" your time! The effects of time series errors in management research: The case of ownership concentration and research and development spending. Journal of Management, 19, 897-914.
7. Bergh, D. D. (1993b). Watch the time carefully: The use and misuse of time effects in management research. Journal of Management, 19, 683-705.
8. Bergh, D. D. (1995). Problems with repeated measures analysis: Demonstration with a study of the diversification and performance relationship. Academy of Management Journal, 38, 1692-1708.
9. Bergh, D. D., & Holbein, G. F. (1997). Assessment and redirection of longitudinal analysis: Demonstration with a study of the diversification and divestiture relationship. Strategic Management Journal, 18, 557-571.
10. Bliese, P. D., & Ployhart, R. E. (2002). Growth modeling using random coefficient models: Model building, testing, and illustrations. Organizational Research Methods, 5, 362-387.
11. Bourgeois, L. J. (1981). On the measurement of organizational slack. Academy of Management Review, 6, 29-39.
12. Bromiley, P. (1991). Testing a causal model of corporate risk taking and performance. Academy of Management Journal, 34, 37-59.
13. Brush, T. H., Bromiley, P., & Hendrickx, M. (1999). The relative influence of industry and corporation on business segment performance: An alternative estimate. Strategic Management Journal, 20, 519-547.
14. Chan, D. (1998). The conceptualization and analysis of change over time: An integrative approach incorporating longitudinal means and covariance structures analysis (LMACS) and multiple indicator latent growth modeling (MLGM). Organizational Research Methods, 1, 421-483.
15. Chan, D., & Schmitt, N. (2000). Individual differences in intraindividual changes in proactivity during organizational entry: A latent growth modeling approach to understanding newcomer adaptation. Journal of Applied Psychology, 85, 190-210.
16. Chaney, P. K., & Devinney, T. M. (1992). New product innovations and stock price performance. Journal of Business Finance and Accounting, 19, 677-695.
17. Chang, S., & Singh, H. (2000). Corporate and industry effects on business unit competitive position. Strategic Management Journal, 21, 739-752.
18. Chen, G. (2005). Newcomer adaptation in teams: Multilevel antecedents and outcomes. Academy of Management Journal, 48, 101-116.
19. Cheng, J. L. C., & Kesner, I. F. (1997). Organizational slack and responses to environmental shifts: The impact of resource allocation patterns. Journal of Management, 23, 1-18.
20. Conner, K. R. (1991). A historical comparison of resource-based theory and five schools of thought within industrial organization economics: Do we have a new theory of the firm? Journal of Management, 17, 121-154.
21. Cyert, R. A., & March, J. G. (1963). A behavioral theory of the firm. Englewood Cliffs, NJ: Prentice Hall.
22. Deadrick, D. L., Bennett, N., & Russell, C. J. (1997). Using hierarchical linear modeling to examine dynamic performance criteria over time. Journal of Management, 23, 745-758.
23. Dess, G. G., Ireland, R. D., & Hitt, M. A. (1990). Industry effects and strategic management research. Journal of Management, 16, 7-27.
24. Gee, G. C. (2002). A multilevel analysis of the relationship between institutional and individual racial discrimination and health status. American Journal of Public Health, 92, 615-623.
25. Gillette, J. R. (1996). U. S. economy experiences "soft landing" in 1995; look for more of the same in 1996. In Kentucky annual economic report 1996 (pp. 11-14). Lexington: Center for Business and Economic Research, University of Kentucky.
26. Godfrey, P. C., & Hill, C. W. L. (1995). The problem of unobservables in strategic management research. Strategic Management Journal, 16, 519-533.
27. Goodstein, J., & Boeker, W. (1991). Turbulence at the top: A new perspective on governance structure changes and strategic change. Academy of Management Journal, 34, 306-330.
28. Greve, H. R. (2003). A behavioral theory of R&D expenditures and innovations: Evidence from shipbuilding. Academy of Management Journal, 46, 685-702.
29. Henderson, R., & Mitchell, W. (1997). The interactions of organizational and competitive influences on strategy and performance. Strategic Management Journal, 18, 5-14.
30. Hitt, M. A., Hoskisson, R. E., Johnson, R. A., & Moesel, D. D. (1996). The market for corporate control and firm innovation. Academy of Management Journal, 39, 1084-1119.
31. Hofmann, D. A. (1997). An overview of the logic and rationale of hierarchical linear models. Journal of Management, 23, 723-744.
32. Hofmann, D. A., Jacobs, R., & Baratta, J. E. (1993). Dynamic criteria and the measurement of change. Journal of Applied Psychology, 78, 194-204.
33. Hoskisson, R. E., & Johnson, R. A. (1992). Corporate restructuring and strategic change: The effect on strategy and R&D intensity. Strategic Management Journal, 13, 625-634.
34. Hox, J. (2002). Multilevel analysis: Techniques and applications. Mahwah, NJ: Lawrence Erlbaum.
35. Hrebiniak, L. G., & Joyce, W. F. (1985). Organizational adaptation: Strategic choice and environmental determinism. Administrative Science Quarterly, 30, 336-349.
36. Jennings, D. F., & Seaman, S. L. (1994). High and low levels of organizational adaptation: An empirical analysis of strategy, structure, and performance. Strategic Management Journal, 15, 459-475.
37. Ketchen, D., & Palmer, T. (1999). Strategic responses to poor organizational performance: A test of competing perspectives. Journal of Management, 25, 683-706.
38. Ketchen, D. J., Combs, J. G., Russell, C. J., Shook, C., Dean, M. A., Runge, J., et al. (1997). Organizational configurations and performance: A meta-analysis. Academy of Management Journal, 40, 222-240.
39. Lawson, B. M. (2001). In praise of slack: Time is of the essence. Academy of Management Executive, 15, 125-135.
40. Li, M., & Simerly, R. L. (1998). The moderating effect of environmental dynamism on the ownership and performance relationship. Strategic Management Journal, 19, 169-180.
41. Mauri, A. J., & Michaels, M. P. (1998). Firm and industry effects within strategic management: An empirical examination. Strategic Management Journal, 19, 211-219.
42. McGahan, A. M., & Porter, M. E. (1997). How much does industry matter, really? [Special summer issue]. Strategic Management Journal, 18, 15-30.
43. McGahan, A. M., & Porter, M. E. (1999). What do we know about variance in accounting profitability? Working paper, Harvard Business School.
44. McGrath, R. G., & Nerkar, A. (2004). Real options reasoning and a new look at the R&D investment strategies of pharmaceutical firms. Strategic Management Journal, 25, 1-21.
45. Meyer, A. (1982). Adapting to environmental jolts. Administrative Science Quarterly, 27, 515-538.
46. Meyer, A. D., Brooks, G. R., & Goes, J. B. (1990). Environmental jolts and industry revolutions: Organizational responses to discontinuous change. Strategic Management Journal, 11, 93-110.
47. Miller, D., & Chen, M. (1994). Sources and consequences of competitive inertia: Study of the U.S. airline industry. Administrative Science Quarterly, 39, 1-23.
48. Miller, K. D., & Chen, W. (2004). Variable organizational risk preferences: Tests of the March-Shapira model. Academy of Management Journal, 47, 105-115.
49. Nohria, N., & Gulati, R. (1996). Is slack good or bad for innovation? Academy of Management Journal, 39, 1245-1264.
50. Pagano, P., & Schivardi, F. (2003). Firm size distribution and growth. Scandinavian Journal of Economics, 105, 255-274.
51. Pinheiro, J. C., & Bates, D. M. (2000). Mixed-effects models in S and S-Plus. New York: Springer.
52. Porter, M. E. (1980). Competitive strategy. New York: Free Press.
53. Raudenbush, S., Bryk, A., Cheong, Y. F., & Congdon, R. (2000). HLM 5: Hierarchical linear and nonlinear modeling. Chicago: Scientific Software International.
54. Raudenbush, S. W., & Bryk, A. (2002). Hierarchical linear models: Applications and data analysis methods (2nd ed.). Thousand Oaks, CA: Sage.
55. Roquebert, J. A., Phillips, R. L., & Westfall, P. A. (1996). Markets vs. management: What "drives" profitability? Strategic Management Journal, 17, 653-664.
56. Rumelt, R. (1991). How much does industry matter? Strategic Management Journal, 13, 119-134.
57. Schmalansee, R. (1985). Do markets differ much? American Economic Review, 75, 341-351.
58. Schwarz, G. (1978). Estimating the dimensions of a model. Annals of Statistics, 6, 461-464.
59. Seifert, B., Morris, S. A., & Bartkus, B. R. (2004). Having, giving, and getting: Slack resources, corporate philanthropy, and firm financial performance. Business & Society, 43, 135-161.
60. Sharma, A., & Kesner, I. F. (1996). Diversifying entry: Some ex ante explanations for postentry survival and growth. Academy of Management Journal, 39, 635-677.
61. Short, J., Ketchen, D., & Palmer, T. (2002). The role of sampling in strategic management research on performance: A two-study analysis. Journal of Management, 28, 363-385.
62. Singh, J. V., House, R. J., & Tucker, D. J. (1986). Organizational change and organizational mortality. Administrative Science Quarterly, 31, 587-611.
63. Slevin, D. P., & Covin, J. G. (1997). Strategy formation patterns, performance, and the significance of context. Journal of Management, 23, 189-209.
64. Snijders, T., & Bosker, R. (1999). Multilevel analysis: An introduction to basic and advanced multilevel modeling. Thousand Oaks, CA: Sage.
65. Stimpert, J. L., & Duhaime, I. M. (1997). Seeing the big picture: The influence of industry, diversification, and business strategy on performance. Academy of Management Journal, 40, 560-583.
66. Summer, C. E., Bettis, R. A., Duhaime, I. H., Grant, J. H., Hambrick, D. C., Snow, C. C., et al. (1990). Doctoral education in the field of business policy and strategy. Journal of Management, 16, 361-398.
67. Sutcliffe, K. M., & Huber, G. P. (1988). Firm and industry determinants of executive perceptions of the environment. Strategic Management Journal, 19, 793-807.
68. Tihanyi, L., Johnson, R. A., Hoskisson, R. E., & Hitt, M. A. (2003). Institutional ownership differences and international diversification: The effects of boards of directors and technological opportunity. Academy of Management Journal, 46, 195-211.
69. Waddock, S., & Graves, S. (1997). The corporate social performance-financial performance link. Strategic Management Journal, 18, 303-319.
70. Weick, K. E. (1990). The vulnerable system: An analysis of the Tenerife air disaster. Journal of Management, 16, 571-593.