메뉴 건너뛰기




Volumn 62, Issue 4, 2009, Pages 495-508

Sources of variation in firm profitability and growth

Author keywords

Firm, industry and country effects; Growth; Profitability; Variance decomposition

Indexed keywords


EID: 61349083745     PISSN: 01482963     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusres.2007.10.007     Document Type: Article
Times cited : (81)

References (110)
  • 1
    • 0141792308 scopus 로고    scopus 로고
    • Corporate effects and dynamic managerial capabilities
    • Adner R., and Helfat C.E. Corporate effects and dynamic managerial capabilities. Strateg Manage J 24 (2003) 1011-1025
    • (2003) Strateg Manage J , vol.24 , pp. 1011-1025
    • Adner, R.1    Helfat, C.E.2
  • 2
    • 61349111553 scopus 로고    scopus 로고
    • Industrial specialisation and geographic concentration: Two sides of the same coin?
    • Department of Economics. University of Linz, Austria
    • Aiginger K., and Davies S.W. Industrial specialisation and geographic concentration: Two sides of the same coin?. Not for the European Union. Working Paper (23/2000) (2000), Department of Economics. University of Linz, Austria
    • (2000) Not for the European Union. Working Paper (23/2000)
    • Aiginger, K.1    Davies, S.W.2
  • 3
    • 21344476134 scopus 로고
    • The relative informativeness of accounting disclosures in different countries
    • special supplement
    • Alford A., Jones J., Leftwich R., and Zmijewski M. The relative informativeness of accounting disclosures in different countries. J Acc Res 31 (1993) 183-223 special supplement
    • (1993) J Acc Res , vol.31 , pp. 183-223
    • Alford, A.1    Jones, J.2    Leftwich, R.3    Zmijewski, M.4
  • 4
    • 0034340509 scopus 로고    scopus 로고
    • Country-specific factors related to financial reporting and the value relevance of accounting data
    • Ali A., and Hwang L. Country-specific factors related to financial reporting and the value relevance of accounting data. J Acc Res 38 (2000) 1-22
    • (2000) J Acc Res , vol.38 , pp. 1-22
    • Ali, A.1    Hwang, L.2
  • 5
    • 84881844837 scopus 로고
    • Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations
    • Arellano M., and Bond S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Rev Econ Stud 58 (1991) 277-297
    • (1991) Rev Econ Stud , vol.58 , pp. 277-297
    • Arellano, M.1    Bond, S.2
  • 6
    • 0040238828 scopus 로고    scopus 로고
    • Business cycles for G7 and European countries
    • Artis M., Kontelenius Z.G., and Osborn D.R. Business cycles for G7 and European countries. J Bus 70 (1997) 249-279
    • (1997) J Bus , vol.70 , pp. 249-279
    • Artis, M.1    Kontelenius, Z.G.2    Osborn, D.R.3
  • 8
    • 84948868795 scopus 로고
    • Relation of profi{ligature}t rate to industry concentration: American manufacturing, 1936-1940
    • Bain J.S. Relation of profi{ligature}t rate to industry concentration: American manufacturing, 1936-1940. Q J Econ 65 (1951) 293-324
    • (1951) Q J Econ , vol.65 , pp. 293-324
    • Bain, J.S.1
  • 10
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney J.B. Firm resources and sustained competitive advantage. J Manage 17 (1991) 99-120
    • (1991) J Manage , vol.17 , pp. 99-120
    • Barney, J.B.1
  • 11
    • 0001620552 scopus 로고    scopus 로고
    • Resource-based theories of competitive advantage: A ten year retrospective on the resource based view
    • Barney J.B. Resource-based theories of competitive advantage: A ten year retrospective on the resource based view. J Manage 27 (2001) 643-650
    • (2001) J Manage , vol.27 , pp. 643-650
    • Barney, J.B.1
  • 12
    • 0011993351 scopus 로고    scopus 로고
    • The resource-based view: Origins and implications
    • Hitt M.A., Freeman R.E., and Harrison J.S. (Eds), Blackwell, Oxford
    • Barney J.B., and Arikan A.M. The resource-based view: Origins and implications. In: Hitt M.A., Freeman R.E., and Harrison J.S. (Eds). The Blackwell handbook of strategic management (2001), Blackwell, Oxford
    • (2001) The Blackwell handbook of strategic management
    • Barney, J.B.1    Arikan, A.M.2
  • 14
    • 0001866044 scopus 로고
    • Firm effects and industry effects in the analysis of market structure and profitability
    • Bass F.M., Cattin P., and Wittink D.R. Firm effects and industry effects in the analysis of market structure and profitability. J Mark Res 15 (1978) 3-10
    • (1978) J Mark Res , vol.15 , pp. 3-10
    • Bass, F.M.1    Cattin, P.2    Wittink, D.R.3
  • 15
    • 0142020094 scopus 로고    scopus 로고
    • Law and finance: Why does legal origin matter?
    • Beck T., Demirguc-Kunt A., and Levine R. Law and finance: Why does legal origin matter?. J Comp Econ 31 (2003) 653-675
    • (2003) J Comp Econ , vol.31 , pp. 653-675
    • Beck, T.1    Demirguc-Kunt, A.2    Levine, R.3
  • 17
    • 34250789735 scopus 로고    scopus 로고
    • The persistence of abnormal returns at industry and firm levels: Evidence from Spain
    • Bou J.C., and Satorra A. The persistence of abnormal returns at industry and firm levels: Evidence from Spain. Strateg Manage J 28 (2007) 707-722
    • (2007) Strateg Manage J , vol.28 , pp. 707-722
    • Bou, J.C.1    Satorra, A.2
  • 18
    • 0002500391 scopus 로고    scopus 로고
    • Does corporate strategy matter?
    • Bowman E.H., and Helfat C.E. Does corporate strategy matter?. Strateg Manage J 22 (2001) 1-23
    • (2001) Strateg Manage J , vol.22 , pp. 1-23
    • Bowman, E.H.1    Helfat, C.E.2
  • 19
    • 25444466788 scopus 로고
    • Concentration and structural and market disequilibria
    • Brozen Y. Concentration and structural and market disequilibria. Antitrust Bull 16 (1971) 244-248
    • (1971) Antitrust Bull , vol.16 , pp. 244-248
    • Brozen, Y.1
  • 20
    • 0032417444 scopus 로고    scopus 로고
    • Economic geography, industry location and trade: The evidence
    • Brulhart M. Economic geography, industry location and trade: The evidence. World Econ 21 (1998) 775-801
    • (1998) World Econ , vol.21 , pp. 775-801
    • Brulhart, M.1
  • 21
    • 1642346886 scopus 로고    scopus 로고
    • Industry-versus firm-specific effects on performance: Contrasting SMEs and large-sized firms
    • Caloghirou Y., Protogerou A., Spanos Y., and Papagiannakis L. Industry-versus firm-specific effects on performance: Contrasting SMEs and large-sized firms. Eur Manag J 22 (2004) 231-243
    • (2004) Eur Manag J , vol.22 , pp. 231-243
    • Caloghirou, Y.1    Protogerou, A.2    Spanos, Y.3    Papagiannakis, L.4
  • 23
  • 25
    • 0001517951 scopus 로고    scopus 로고
    • Corporate and industry effects on business unit competitive position
    • Chang S., and Singh H. Corporate and industry effects on business unit competitive position. Strateg Manage J 21 (2000) 739-752
    • (2000) Strateg Manage J , vol.21 , pp. 739-752
    • Chang, S.1    Singh, H.2
  • 27
    • 0036311228 scopus 로고    scopus 로고
    • Firm and industry effects on firm profitability: A Spanish empirical analysis
    • Claver E., Molina J., and Tari J. Firm and industry effects on firm profitability: A Spanish empirical analysis. Eur Manag J 20 (2002) 321-328
    • (2002) Eur Manag J , vol.20 , pp. 321-328
    • Claver, E.1    Molina, J.2    Tari, J.3
  • 28
    • 35448950762 scopus 로고    scopus 로고
    • A closer look at serial growth rate correlation
    • Coad A. A closer look at serial growth rate correlation. Rev Ind Organ 31 (2007) 69-82
    • (2007) Rev Ind Organ , vol.31 , pp. 69-82
    • Coad, A.1
  • 29
    • 61349171154 scopus 로고    scopus 로고
    • Industry in the EU: Trends and policy issues
    • Johnson P. (Ed), Edward Elgar, Cheltenham
    • Cockerill T., and Johnson P. Industry in the EU: Trends and policy issues. In: Johnson P. (Ed). Industries in Europe (2003), Edward Elgar, Cheltenham
    • (2003) Industries in Europe
    • Cockerill, T.1    Johnson, P.2
  • 32
    • 33846509152 scopus 로고    scopus 로고
    • Investor protection and the information content of annual earnings announcements: International evidence
    • de Fond M., Hung M., and Trezevant R. Investor protection and the information content of annual earnings announcements: International evidence. J Account Econ 43 (2007) 37-67
    • (2007) J Account Econ , vol.43 , pp. 37-67
    • de Fond, M.1    Hung, M.2    Trezevant, R.3
  • 33
    • 0002004281 scopus 로고
    • Industrial structure, market rivalry and public policy
    • Demsetz H. Industrial structure, market rivalry and public policy. J Law Econ 16 (1973) 1-9
    • (1973) J Law Econ , vol.16 , pp. 1-9
    • Demsetz, H.1
  • 34
    • 0000063326 scopus 로고    scopus 로고
    • Do strategic groups exist? An economic framework for analysis
    • Dranove D., Peteraf M.A., and Shanley M. Do strategic groups exist? An economic framework for analysis. Strateg Manage J 19 (1997) 1029-1044
    • (1997) Strateg Manage J , vol.19 , pp. 1029-1044
    • Dranove, D.1    Peteraf, M.A.2    Shanley, M.3
  • 36
    • 21344488558 scopus 로고
    • Age, size, growth and survival: UK companies in the 1980s
    • Dunne P., and Hughes A. Age, size, growth and survival: UK companies in the 1980s. J Ind Econ 42 (1994) 115-140
    • (1994) J Ind Econ , vol.42 , pp. 115-140
    • Dunne, P.1    Hughes, A.2
  • 37
    • 30144440065 scopus 로고    scopus 로고
    • Regional clusters in Europe
    • Enterprise Publications, Luxembourg No.3
    • European Commission. Regional clusters in Europe. Observatory of European SMEs (2002), Enterprise Publications, Luxembourg No.3
    • (2002) Observatory of European SMEs
    • European Commission1
  • 39
    • 0002442960 scopus 로고
    • On the misuse of accounting rates of return to infer monopoly profi{ligature}ts
    • Fisher F.M., and McGowan J.J. On the misuse of accounting rates of return to infer monopoly profi{ligature}ts. Am Econ Rev 73 (1983) 82-97
    • (1983) Am Econ Rev , vol.73 , pp. 82-97
    • Fisher, F.M.1    McGowan, J.J.2
  • 40
    • 0142197986 scopus 로고    scopus 로고
    • The endogeneity of the optimum currency area criteria
    • Frankel J.A., and Rose A.K. The endogeneity of the optimum currency area criteria. Econ J 108 (1998) 1009-1025
    • (1998) Econ J , vol.108 , pp. 1009-1025
    • Frankel, J.A.1    Rose, A.K.2
  • 43
    • 37549058738 scopus 로고    scopus 로고
    • Firm factors, industry structure and performance variation: New empirical evidence to a classic debate
    • in press
    • Galbreath J, Galvin P. Firm factors, industry structure and performance variation: New empirical evidence to a classic debate. Journal of Business Research; in press.
    • Journal of Business Research
    • Galbreath, J.1    Galvin, P.2
  • 44
    • 6344278441 scopus 로고    scopus 로고
    • Corporate growth convergence in Europe
    • Geroski P.A., and Gugler K. Corporate growth convergence in Europe. Oxf Econ Pap 56 (2004) 597-620
    • (2004) Oxf Econ Pap , vol.56 , pp. 597-620
    • Geroski, P.A.1    Gugler, K.2
  • 45
    • 84936127503 scopus 로고
    • The persistence of profits: A European comparison
    • Geroski P.A., and Jacquemin A. The persistence of profits: A European comparison. Econ J 98 (1988) 375-389
    • (1988) Econ J , vol.98 , pp. 375-389
    • Geroski, P.A.1    Jacquemin, A.2
  • 46
  • 47
    • 0142023213 scopus 로고    scopus 로고
    • Are differences in firm size transitory or permanent?
    • Geroski P.A., Lazarova S., Urga G., and Walters C.F. Are differences in firm size transitory or permanent?. J Appl Econ 18 (2003) 47-59
    • (2003) J Appl Econ , vol.18 , pp. 47-59
    • Geroski, P.A.1    Lazarova, S.2    Urga, G.3    Walters, C.F.4
  • 49
    • 0035624364 scopus 로고    scopus 로고
    • Persistence of profitability and competition in emerging markets: A time series analysis
    • Glen J., Lee K., and Singh A. Persistence of profitability and competition in emerging markets: A time series analysis. Econ Lett 72 (2001) 247-253
    • (2001) Econ Lett , vol.72 , pp. 247-253
    • Glen, J.1    Lee, K.2    Singh, A.3
  • 50
    • 0344111513 scopus 로고    scopus 로고
    • Corporate profitability and the dynamics of competition in emerging markets: A time series analysis
    • Glen J., Lee K., and Singh A. Corporate profitability and the dynamics of competition in emerging markets: A time series analysis. Econ J 113 (2003) F465-F484
    • (2003) Econ J , vol.113
    • Glen, J.1    Lee, K.2    Singh, A.3
  • 51
    • 0029907477 scopus 로고    scopus 로고
    • Persistence of profits for UK manufacturing and service sector firms
    • Goddard J.A., and Wilson J.O.S. Persistence of profits for UK manufacturing and service sector firms. Serv Ind J 16 (1996) 105-117
    • (1996) Serv Ind J , vol.16 , pp. 105-117
    • Goddard, J.A.1    Wilson, J.O.S.2
  • 52
    • 0033415411 scopus 로고    scopus 로고
    • Persistence of profit: A new empirical interpretation
    • Goddard J.A., and Wilson J.O.S. Persistence of profit: A new empirical interpretation. Int J Ind Organ 17 (1999) 663-687
    • (1999) Int J Ind Organ , vol.17 , pp. 663-687
    • Goddard, J.A.1    Wilson, J.O.S.2
  • 53
    • 31244437610 scopus 로고    scopus 로고
    • Panel tests of Gibrat's Law for Japanese manufacturing firms
    • Goddard J.A., Wilson J.O.S., and Blandon P. Panel tests of Gibrat's Law for Japanese manufacturing firms. Int J Ind Organ 20 (2002) 415-433
    • (2002) Int J Ind Organ , vol.20 , pp. 415-433
    • Goddard, J.A.1    Wilson, J.O.S.2    Blandon, P.3
  • 55
    • 17944372007 scopus 로고    scopus 로고
    • Profit persistence in the 'very' long run: Evidence from survivors and exitors
    • Gschwandtner A. Profit persistence in the 'very' long run: Evidence from survivors and exitors. Appl Econ 37 (2005) 793-806
    • (2005) Appl Econ , vol.37 , pp. 793-806
    • Gschwandtner, A.1
  • 56
    • 0033692628 scopus 로고    scopus 로고
    • Theories of firm growth and the generation of jobs
    • Hart P.E. Theories of firm growth and the generation of jobs. Rev Ind Organ 17 (2000) 229-248
    • (2000) Rev Ind Organ , vol.17 , pp. 229-248
    • Hart, P.E.1
  • 57
    • 0030439256 scopus 로고    scopus 로고
    • The size and growth of firms
    • Hart P.E., and Oulton N. The size and growth of firms. Econ J 106 (1996) 1242-1252
    • (1996) Econ J , vol.106 , pp. 1242-1252
    • Hart, P.E.1    Oulton, N.2
  • 58
    • 0037227162 scopus 로고    scopus 로고
    • Is performance driven by industry or firm-specific factors? A new look at the evidence
    • Hawawini G., Subramanian V., and Verdin P. Is performance driven by industry or firm-specific factors? A new look at the evidence. Strateg Manage J 24 (2003) 1-16
    • (2003) Strateg Manage J , vol.24 , pp. 1-16
    • Hawawini, G.1    Subramanian, V.2    Verdin, P.3
  • 59
    • 2342424095 scopus 로고    scopus 로고
    • The home country in the age of globalization: How much does it matter for firm performance?
    • Hawawini G., Subramanian V., and Verdin P. The home country in the age of globalization: How much does it matter for firm performance?. J World Bus 39 (2004) 121-135
    • (2004) J World Bus , vol.39 , pp. 121-135
    • Hawawini, G.1    Subramanian, V.2    Verdin, P.3
  • 60
    • 0005766079 scopus 로고    scopus 로고
    • Accounting standards and value relevance of financial statements: An international analysis
    • Hung M. Accounting standards and value relevance of financial statements: An international analysis. J Account Econ 30 (2001) 401-420
    • (2001) J Account Econ , vol.30 , pp. 401-420
    • Hung, M.1
  • 62
    • 0009865997 scopus 로고
    • Internal versus external conditions and firm profitability: An exploratory model
    • Kessides I.N. Internal versus external conditions and firm profitability: An exploratory model. Econ J 100 (1990) 773-792
    • (1990) Econ J , vol.100 , pp. 773-792
    • Kessides, I.N.1
  • 63
    • 84934453410 scopus 로고
    • Growth, acquisition activity and firm size: Evidence from the United Kingdom
    • Kumar M.S. Growth, acquisition activity and firm size: Evidence from the United Kingdom. J Ind Econ 33 (1985) 327-338
    • (1985) J Ind Econ , vol.33 , pp. 327-338
    • Kumar, M.S.1
  • 66
    • 34250756585 scopus 로고    scopus 로고
    • Strategic groups, competitive groups and performance within the UK pharmaceutical industry: Improving our understanding of the competitive process
    • Leask G., and Parker D. Strategic groups, competitive groups and performance within the UK pharmaceutical industry: Improving our understanding of the competitive process. Strateg Manage J 28 (2007) 723-745
    • (2007) Strateg Manage J , vol.28 , pp. 723-745
    • Leask, G.1    Parker, D.2
  • 67
    • 0001809325 scopus 로고
    • Strategic management and the exploration of diversity
    • Montgomery C.A. (Ed), Kluwer, Norwell, MA
    • Levinthal D.A. Strategic management and the exploration of diversity. In: Montgomery C.A. (Ed). Resource-based and evolutionary theories of the firm (1995), Kluwer, Norwell, MA
    • (1995) Resource-based and evolutionary theories of the firm
    • Levinthal, D.A.1
  • 68
    • 0000379037 scopus 로고
    • Entry, Gibrat's Law, innovation, and the growth of firms
    • Mansfield E. Entry, Gibrat's Law, innovation, and the growth of firms. Am Econ Rev 52 (1962) 1023-1051
    • (1962) Am Econ Rev , vol.52 , pp. 1023-1051
    • Mansfield, E.1
  • 69
    • 0009961120 scopus 로고
    • The current state of the monopoly problem in the United States
    • Mason E.S. The current state of the monopoly problem in the United States. Harvard Law Rev 62 (1949) 1265-1285
    • (1949) Harvard Law Rev , vol.62 , pp. 1265-1285
    • Mason, E.S.1
  • 70
    • 0000900516 scopus 로고    scopus 로고
    • Firm and industry effects within strategic management: An empirical examination
    • Mauri A.J., and Michaels M.P. Firm and industry effects within strategic management: An empirical examination. Strateg Manage J 19 (1998) 211-219
    • (1998) Strateg Manage J , vol.19 , pp. 211-219
    • Mauri, A.J.1    Michaels, M.P.2
  • 71
    • 0033482296 scopus 로고    scopus 로고
    • The performance of US corporations 1981-1994
    • McGahan A.M. The performance of US corporations 1981-1994. J Ind Econ 47 (1999) 373-398
    • (1999) J Ind Econ , vol.47 , pp. 373-398
    • McGahan, A.M.1
  • 72
    • 0002770369 scopus 로고    scopus 로고
    • How much does industry matter, really?
    • McGahan A.M., and Porter M.E. How much does industry matter, really?. Strateg Manage J 18 (1997) 15-30
    • (1997) Strateg Manage J , vol.18 , pp. 15-30
    • McGahan, A.M.1    Porter, M.E.2
  • 73
    • 0033415203 scopus 로고    scopus 로고
    • The persistence of shocks to profitability
    • McGahan A.M., and Porter M.E. The persistence of shocks to profitability. Rev Econ Stat 81 (1999) 143-153
    • (1999) Rev Econ Stat , vol.81 , pp. 143-153
    • McGahan, A.M.1    Porter, M.E.2
  • 74
    • 0036650773 scopus 로고    scopus 로고
    • What do we know about the variance in accounting profitability?
    • McGahan A.M., and Porter M.E. What do we know about the variance in accounting profitability?. Manage Sci 48 (2002) 834-851
    • (2002) Manage Sci , vol.48 , pp. 834-851
    • McGahan, A.M.1    Porter, M.E.2
  • 75
    • 84993736129 scopus 로고    scopus 로고
    • The emergence and sustainability of abnormal profits
    • McGahan A.M., and Porter M.E. The emergence and sustainability of abnormal profits. Strat Organ 1 (2003) 79-108
    • (2003) Strat Organ , vol.1 , pp. 79-108
    • McGahan, A.M.1    Porter, M.E.2
  • 76
    • 23844553938 scopus 로고    scopus 로고
    • Comment on 'Industry, corporate and business-segment effects and business performance: a non-parametric approach' by Ruefli and Wiggins
    • McGahan A.M., and Porter M.E. Comment on 'Industry, corporate and business-segment effects and business performance: a non-parametric approach' by Ruefli and Wiggins. Strateg Manage J 26 (2005) 873-880
    • (2005) Strateg Manage J , vol.26 , pp. 873-880
    • McGahan, A.M.1    Porter, M.E.2
  • 77
    • 25844521254 scopus 로고    scopus 로고
    • Is performance driven by industry- or firm-specific factors? A response to Hawawini, Subramanian and Verdin
    • McNamara G., Aime F., and Vaaler P.M. Is performance driven by industry- or firm-specific factors? A response to Hawawini, Subramanian and Verdin. Strateg Manage J 26 (2005) 1075-1081
    • (2005) Strateg Manage J , vol.26 , pp. 1075-1081
    • McNamara, G.1    Aime, F.2    Vaaler, P.M.3
  • 78
    • 0030305324 scopus 로고    scopus 로고
    • The resource-based view of the firm in two environments: The Hollywood film studios from 1936 to 1965
    • Miller D., and Shamsie J. The resource-based view of the firm in two environments: The Hollywood film studios from 1936 to 1965. Acad Manage J 39 (1996) 519-543
    • (1996) Acad Manage J , vol.39 , pp. 519-543
    • Miller, D.1    Shamsie, J.2
  • 79
    • 33646549624 scopus 로고    scopus 로고
    • A new perspective on a fundamental debate: A multilevel approach to industry, corporate, and business unit effects
    • Misangyi V.F., Elms H., Greckhamer T., and LePine J.A. A new perspective on a fundamental debate: A multilevel approach to industry, corporate, and business unit effects. Strateg Manage J 27 (2006) 571-590
    • (2006) Strateg Manage J , vol.27 , pp. 571-590
    • Misangyi, V.F.1    Elms, H.2    Greckhamer, T.3    LePine, J.A.4
  • 80
    • 0942278106 scopus 로고    scopus 로고
    • Industrial clusters, knowledge integration and performance
    • Morosini P. Industrial clusters, knowledge integration and performance. World Dev 32 (2004) 305-326
    • (2004) World Dev , vol.32 , pp. 305-326
    • Morosini, P.1
  • 81
    • 33846407218 scopus 로고    scopus 로고
    • Empirical research on the resource-based view of the firm: An assessment and suggestions for future research
    • Newbert S.L. Empirical research on the resource-based view of the firm: An assessment and suggestions for future research. Strateg Manage J 28 (2007) 121-146
    • (2007) Strateg Manage J , vol.28 , pp. 121-146
    • Newbert, S.L.1
  • 83
    • 84989113324 scopus 로고
    • The cornerstones of competitive advantage: A resource based view
    • Peteraf M. The cornerstones of competitive advantage: A resource based view. Strateg Manage J 14 (1993) 179-191
    • (1993) Strateg Manage J , vol.14 , pp. 179-191
    • Peteraf, M.1
  • 84
    • 33845199429 scopus 로고    scopus 로고
    • The changing roles of industry and country effects in the global equity markets
    • Phylaktis K., and Xia L. The changing roles of industry and country effects in the global equity markets. Eur J Financ 12 (1998) 627-648
    • (1998) Eur J Financ , vol.12 , pp. 627-648
    • Phylaktis, K.1    Xia, L.2
  • 87
    • 0000187886 scopus 로고    scopus 로고
    • Locations, clusters and company strategy
    • Clark G.L., Feldman M.P., and Gertler M.S. (Eds), Oxford University Press, Oxford
    • Porter M.E. Locations, clusters and company strategy. In: Clark G.L., Feldman M.P., and Gertler M.S. (Eds). Oxford Handbook of Economic Geography (1998), Oxford University Press, Oxford
    • (1998) Oxford Handbook of Economic Geography
    • Porter, M.E.1
  • 88
    • 0032199551 scopus 로고    scopus 로고
    • Clusters and the new economics of competition
    • Porter M.E. Clusters and the new economics of competition. Harvard Bus Rev 76 (1998) 77-90
    • (1998) Harvard Bus Rev , vol.76 , pp. 77-90
    • Porter, M.E.1
  • 89
    • 0030374972 scopus 로고    scopus 로고
    • How much does industry matter? An alternative test
    • Powell T.C. How much does industry matter? An alternative test. Strateg Manage J 17 (1996) 323-334
    • (1996) Strateg Manage J , vol.17 , pp. 323-334
    • Powell, T.C.1
  • 90
    • 0003106484 scopus 로고
    • The core competence of the corporation
    • Prahalad C.K., and Hamel G. The core competence of the corporation. Harvard Bus Rev 68 (1990) 79-91
    • (1990) Harvard Bus Rev , vol.68 , pp. 79-91
    • Prahalad, C.K.1    Hamel, G.2
  • 91
  • 92
    • 0043011305 scopus 로고    scopus 로고
    • Industry, firm and business unit effects on performance: A non-parametric approach
    • Ruefli T.W., and Wiggins R.R. Industry, firm and business unit effects on performance: A non-parametric approach. Strateg Manage J 24 (2003) 861-879
    • (2003) Strateg Manage J , vol.24 , pp. 861-879
    • Ruefli, T.W.1    Wiggins, R.R.2
  • 93
    • 23844482279 scopus 로고    scopus 로고
    • Response to McGahan and Porter's commentary on 'Industry, firm and business unit effects on performance: A non-parametric approach'
    • Ruefli T.W., and Wiggins R.R. Response to McGahan and Porter's commentary on 'Industry, firm and business unit effects on performance: A non-parametric approach'. Strateg Manage J 26 (2005) 881-886
    • (2005) Strateg Manage J , vol.26 , pp. 881-886
    • Ruefli, T.W.1    Wiggins, R.R.2
  • 94
    • 0242311874 scopus 로고    scopus 로고
    • A perspective on regional and global strategies of multinational enterprises
    • Rugman A., and Verbeke A. A perspective on regional and global strategies of multinational enterprises. J Int Bus Stud 35 (2004) 3-18
    • (2004) J Int Bus Stud , vol.35 , pp. 3-18
    • Rugman, A.1    Verbeke, A.2
  • 95
    • 0001979296 scopus 로고
    • Towards a strategic theory of the firm
    • Lamb R.B. (Ed), Prentice-Hall, Englewood Cliffs, NJ
    • Rumelt R.P. Towards a strategic theory of the firm. In: Lamb R.B. (Ed). Competitive strategic management (1984), Prentice-Hall, Englewood Cliffs, NJ
    • (1984) Competitive strategic management
    • Rumelt, R.P.1
  • 96
    • 84989046113 scopus 로고
    • How much does industry matter?
    • Rumelt R.P. How much does industry matter?. Strateg Manage J 12 (1991) 167-185
    • (1991) Strateg Manage J , vol.12 , pp. 167-185
    • Rumelt, R.P.1
  • 98
    • 84989107503 scopus 로고
    • Do markets matter much?
    • Schmalensee R.C. Do markets matter much?. Am Econ Rev 75 (1985) 341-351
    • (1985) Am Econ Rev , vol.75 , pp. 341-351
    • Schmalensee, R.C.1
  • 100
    • 84909772801 scopus 로고
    • The size and growth of firms
    • Singh A., and Whittington G. The size and growth of firms. Rev Econ Stud 42 (1975) 15-26
    • (1975) Rev Econ Stud , vol.42 , pp. 15-26
    • Singh, A.1    Whittington, G.2
  • 101
    • 0742285883 scopus 로고    scopus 로고
    • Strategy and industry effects on profitability: Evidence from Greece
    • Spanos Y., Zaralis G., and Lioukas S. Strategy and industry effects on profitability: Evidence from Greece. Strateg Manage J 25 (2004) 139-165
    • (2004) Strateg Manage J , vol.25 , pp. 139-165
    • Spanos, Y.1    Zaralis, G.2    Lioukas, S.3
  • 102
    • 8644224991 scopus 로고    scopus 로고
    • Estimating performance from accounting data: A review and synthesis
    • Stark A.W. Estimating performance from accounting data: A review and synthesis. Br Account Rev 36 (2004) 321-343
    • (2004) Br Account Rev , vol.36 , pp. 321-343
    • Stark, A.W.1
  • 103
    • 84925973474 scopus 로고
    • Internal organization and economic performance: An empirical analysis of the profitability of principal firms
    • Teece D.J. Internal organization and economic performance: An empirical analysis of the profitability of principal firms. J Ind Econ 30 (1981) 173-199
    • (1981) J Ind Econ , vol.30 , pp. 173-199
    • Teece, D.J.1
  • 104
    • 36248939699 scopus 로고    scopus 로고
    • Explicating dynamic capabilities: The nature and microfoundations of (sustainable) enterprise performance
    • Teece D.J. Explicating dynamic capabilities: The nature and microfoundations of (sustainable) enterprise performance. Strateg Manage J 28 (2007) 1319-1350
    • (2007) Strateg Manage J , vol.28 , pp. 1319-1350
    • Teece, D.J.1
  • 105
    • 0007046640 scopus 로고    scopus 로고
    • Working Paper 1996; ESRC Centre for Business Research, Department of Applied Economics, University of Cambridge
    • Trau F. Why do firms grow? Working Paper 1996; vol. 26: ESRC Centre for Business Research, Department of Applied Economics, University of Cambridge.
    • Why do firms grow , vol.26
    • Trau, F.1
  • 106
    • 1842812537 scopus 로고    scopus 로고
    • Intangible resources, Tobin's q, and the sustainability of performance differences
    • Villalonga B. Intangible resources, Tobin's q, and the sustainability of performance differences. J Econ Behav Organ 54 (2004) 205-230
    • (2004) J Econ Behav Organ , vol.54 , pp. 205-230
    • Villalonga, B.1
  • 107
    • 0037298038 scopus 로고    scopus 로고
    • Home country environment, corporate diversification strategies and firm performance
    • Wan W., and Hoskisson R. Home country environment, corporate diversification strategies and firm performance. Acad Manage J 46 (2003) 27-45
    • (2003) Acad Manage J , vol.46 , pp. 27-45
    • Wan, W.1    Hoskisson, R.2
  • 108
    • 84989133012 scopus 로고
    • A resource-based view of the firm
    • Wernerfelt B. A resource-based view of the firm. Strateg Manage J 5 (1984) 171-180
    • (1984) Strateg Manage J , vol.5 , pp. 171-180
    • Wernerfelt, B.1
  • 109
    • 0001139435 scopus 로고
    • Tobin's q and the importance of focus in firm performance
    • Wernerfelt B., and Montgomery C.A. Tobin's q and the importance of focus in firm performance. Am Econ Rev 78 (1988) 246-250
    • (1988) Am Econ Rev , vol.78 , pp. 246-250
    • Wernerfelt, B.1    Montgomery, C.A.2
  • 110
    • 0036002669 scopus 로고    scopus 로고
    • Sustained competitive advantage: Temporal dynamics and the incidence of superior performance
    • Wiggins R.R., and Ruefli T.W. Sustained competitive advantage: Temporal dynamics and the incidence of superior performance. Organ Sci 13 (2002) 82-105
    • (2002) Organ Sci , vol.13 , pp. 82-105
    • Wiggins, R.R.1    Ruefli, T.W.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.