Using cointegration methods to estimate the interconnectedness of intangible strategic assets: Empirical evidence for management decision making

Management Decision

Volumn 44, Issue 9, 2006, Pages 1231-1245

  Onyeaso, Godwin ^a   Johnson, William ^b  

^a Concordia College University System ^*  (United States)

^b NOVA SOUTHEASTERN UNIVERSITY   (United States)

Author keywords

Decision making; Intangible assets

Indexed keywords

EID: 33750682022     PISSN: 00251747     EISSN: None     Source Type: Journal    
DOI: 10.1108/00251740610707703     Document Type: Article

References (51)

1. Amit, R. and Schoemaker, P. (1993), "Strategic assets and organizational rent", Strategic Management Journal, Vol. 14, pp. 33-46.
2. Arize, A.C., Malindretos, J. and Christoffersen, S. (2003a), "Monetary dynamics, exchange rates and parameter instability: An empirical investigation", Journal of Economic Studies, Vol. 30 No. 5, pp. 493-513.
3. Arize, A.C., Malindretos, J. and Grivoyannis, E.C. (2003b), "Inflation rate volatility and money demand: Evidence from less developed countries", International Review of Economics and Finance, Vol. 12 No. 1, pp. 45-67.
4. Barney, J.B. (1986), "Strategic factor markets: Expectations, luck, and business strategy", Management Science, Vol. 32 No. 10, pp. 1231-41.
5. Barney, J.B. (1989), "Asset stock and sustained competitive advantage: A comment", Management Science, Vol. 35, December, pp. 1511-13.
6. Barney, J. (1991), "Firm resources and sustained competitive advantage", Journal of Management, Vol. 17 No. 1, pp. 99-120.
7. Breitung, J. and Wulff, C. (2001), "Non-linear error correction and the efficient market hypothesis: The case of German dual-class shares", German Economic Review, Vol. 2 No. 4, pp. 419-34.
8. Carmeli, A. and Tishler, A. (2004), "Resources, capabilities, and the performance of industrial firms: A multivariate analysis", Managerial and Decision Economics, Vol. 25, pp. 299-315.
9. Coff, R.W. (1997), "Human assets and management dilemmas: Coping with hazards on the road to resource-based theory", Academy of Management Review, Vol. 22 No. 2, pp. 374-403.
10. Dick, A.S. and Basu, K. (1994), "Customer loyalty: Towards an integrated conceptual framework", Journal of the Academy of Marketing Science, Vol. 22, Spring, pp. 99-113.
11. Dickey, D.A. and Fuller, W.A. (1981), "Likelihood ratio statistics for the autoregressive time series with a unit root", Econometrica, Vol. 49, pp. 1057-72.
12. Dierickx, I. and Cool, K. (1989), "Asset stock accumulation and sustainability of competitive advantage", Management Science, Vol. 35 No. 12, pp. 1504-13.
13. Dutta, S., Narasimhan, O. and Rajiv, S. (2005), "Conceptualizing and measuring capabilities: Methodology and empirical application", Strategic Management Journal, Vol. 26, pp. 277-85.
14. Enders, W. (2004), Applied Econometric Time Series, Wiley, New York, NY.
15. Engle, R. and Granger, C.W.J. (1987), "Cointegration and error correction: Representation, estimation and testing", Econometrica, Vol. 55, pp. 251-76.
16. Fornell, C., Johnson, M.D., Anderson, E.W., Cha, J. and Bryant, B.E. (1996), "The American Customer Satisfaction Index: Nature, purpose and findings", Journal of Marketing, Vol. 60, pp. 7-18.
17. Gonzalo, J. (1994), "Five alternative methods of estimating long run equilibrium relationships", Journal of Econometrics, Vol. 60, pp. 203-33.
18. Granger, C.W.J. (1986), "Developments in the study of cointegrated economic variables", Oxford Bulletin of Economics and Statistics, Vol. 48, pp. 213-28.
19. Granger, C.W.J. (1991), "Developments in the study of cointegrated economic variables", in Engle, R.F. and Granger, C.W.J. (Eds), Long-Run Relationships, Oxford University Press, New York, NY.
20. Grönroos, C. (2000), Service Management and Marketing: A Customer Relationship Management Approach, Wiley, Chichester.
21. Haug, A. (1996), "Tests for cointegration: A Monte Carlo comparison", Journal of Econometrics, Vol. 71, pp. 89-115.
22. Johansen, S. (1995), Likelihood Based Inference on Cointegration in the Vector Autoregressive Model, Oxford University Press, Oxford.
23. Johansen, S. and Juselius, K. (1990), "Maximum likelihood estimation and inference on co-integration with application to the demand for money", Oxford Bulletin of Economics and Statistics, Vol. 52, pp. 169-210.
24. Knott, A. (2001), "The dynamic value of hierarchy", Management Science, Vol. 47, pp. 430-48.
25. Knott, A.M., Bryce, D. and Posen, H.E. (2003), "On the strategic accumulation of intangible assets", Organization Science, Vol. 14 No. 2, pp. 192-207.
26. Lado, A.A., Boyd, N.G. and Wright, P. (1992), "A competency-based model of sustainable competitive advantage", Journal of Management, Vol. 18 No. 1, pp. 77-92.
27. Lippman, S. and Rumelt, R. (1982), "Uncertain imitability: An analysis of interfirm differences in efficiency under competition", Bell Journal of Economics, Vol. 13, pp. 418-38.
28. Loyd, T.A. and Rayner, A.J. (1993), "Cointegration analysis and the determinants of land prices: Comment", Journal of Agricultural Economics, Vol. 44, p. 144.
29. McAulay, L., Russell, G. and Sims, J. (1997), "Tacit knowledge from competitive advantage", Management Accounting, Vol. 75 No. 11, pp. 36-7.
30. Makadok, R. (2001), "Toward a synthesis of the resource-based and dynamic-capability views of rent creation", Strategic Management Journal, Vol. 22 No. 5, pp. 387-401.
31. Mills, P.K. (1986), Managing Service Industries: Organizational Practices in a Postindustrial Economy, Ballinger, Cambridge, MA.
32. Mills, P.K. and Morris, J.H. (1986), "Clients as 'partial employee' of service organizations: Role development in client participation", Academy of Management Review, Vol. 11, pp. 726-35.
33. Nelson, R. and Winter, S. (1982), An Evolutionary Theory of Economic Change, Harvard University Press, Cambridge, MA.
34. Noone, B. and Kimes, S. (2005), "Dining duration and customer satisfaction", Cornell Hotel and Restaurant Quarterly (Center for Hospitality Research), Vol. 5 No. 9, pp. 1-24.
35. Oliver, R. (1997), Satisfaction: A Behavioral Perspective on the Consumer, McGraw-Hill, New York, NY.
36. Parasuraman, A., Berry, L.L. and Zeithaml, V.A. (1988), "SERVQUAL: a multiple-item scale for measuring customer perception of service quality", Journal of Retailing, Vol. 64, Spring, pp. 12-40.
37. Parasuraman, A., Zeithaml, V.A. and Berry, L.L. (1985), "A conceptual model of service quality and the implications for future research", Journal of Marketing, Vol. 49, Fall, pp. 41-50.
38. Phillips, P.C.B. (1991), "Optimal inference in cointegrated systems", Econometrica, Vol. 59, pp. 282-306.
39. Porter M.E. (1994), "Towards a dynamic theory of strategy", in Rumelt, R., Schendel, D. and Teece, D.J. (Eds), Fundamental Issues in Business Strategy, Harvard Business School Press, Boston, MA, pp. 423-61.
40. Priem, R.L. and Butler, J.E. (2001), "Is the resource-based 'view' a useful perspective for strategic management research?", Academy of Management Review, Vol. 26 No. 1, pp. 22-40.
41. Reichheld, F.F. and Kenny, D.W. (1990), "The hidden advantages of customer retention", Journal of Retail Banking, Vol. 12 No. 4, pp. 278-81.
42. Rivkin, J.W. (2000), "Imitation of complex strategies", Management Science, Vol. 46 No. 6, pp. 824-44.
43. Rumelt, R., Schendel, D. and Teece, D. (1994), "Fundamental issues in strategy", in Rumelt, R.P., Schendel, D.E. and Teece, D.J. (Eds), Fundamental Issues Strategy: A Research Agenda, Harvard Business School Press, Boston, MA.
44. Saviotti, P.P. (1998), "On the dynamics of appropriability of tacit and codified knowledge", Research Policy, Vol. 26 Nos 7/8, pp. 843-56.
45. Scherer, R. (1967), "Research and development resource allocation under rivalry", Quarterly Journal of Economics, Vol. 81, pp. 367-91.
46. Spender, J.C. and Grant, R.M. (1996), "Knowledge and the firm: overview", Strategic Management Journal, Vol. 17, pp. 5-9.
47. Teece, D.J. (1986), "Profiting from technological innovation: implications for integration, collaboration, and licensing and public policy", Research Policy, Vol. 15, pp. 285-305.
48. Teece, D.J. (1987), "Profiting from technological innovation: implications for integration, collaboration, licensing, and public policy", in Teece, D.J. (Ed.), Competitive Challenge and Strategies for Industrial Innovation and Renewal, Ballinger, Cambridge, MA.
49. Williamson, O. (1999), "Strategy research: Governance and competence perspectives", Strategic Management Journal, Vol. 20 No. 12, pp. 1087-108.
50. Zeithaml, V. (1988), "Consumer perceptions of price, quality, and value: A means-end model and synthesis of evidence", Journal of Marketing, Vol. 52 No. 3, pp. 2-22.
51. Zeithaml, V.A., Parasuraman, A. and Berry, L.L. (1990), Delivering Quality Service: Balancing Customer Perceptions and Expections, The Free Press, New York, NY.