A general interindustry relatedness index

Management Science

Volumn 55, Issue 9, 2009, Pages 1570-1585

  Bryce, David J ^a   Winter, Sidney G ^b,c  

^a BRIGHAM YOUNG UNIVERSITY   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

^c UNIVERSITY OF NEW SOUTH WALES   (Australia)

Author keywords

Corporate strategy; Relatedness; Resource based view

Indexed keywords

CORPORATE STRATEGY; EMPIRICAL ASSESSMENT; FIRM GROWTH; GENERAL INDEX; MANUFACTURING ECONOMY; MANUFACTURING INDUSTRIES; MULTI-PRODUCTS; RELATEDNESS; RESOURCE-BASED VIEW; RESOURCE-BASED VIEW OF THE FIRM; STRATEGY RESEARCH;

EID: 70349314632     PISSN: 00251909     EISSN: 15265501     Source Type: Journal    
DOI: 10.1287/mnsc.1090.1040     Document Type: Article

References (65)

1. Arora, A., A. Fosfuri, A. Gambardella. 2001. Specialized technology suppliers, international spillovers and investment: Evidence from the chemical industry. J. Development Econom. 65(1) 31-55.
2. Barney, J. B. 1991. Firm resources and sustained competitive advantage. J. Management 17(1) 99-120.
3. Bernheim, D. B., M. D. Whinston. 1990. Multimarket contact and collusive behavior. RAND J. Econom. 21(1) 1-26.
4. Berry, C. H. 1971. Corporate growth and diversification. J. Law Econom. 14(2) 371-383.
5. Bryce, D. J. 2003. Firm knowledge, stepping stones, and the evolution of capabilities. Ph.D. dissertation, University of Pennsylvania, Philadelphia.
6. Caves, R. E., M. Porter, A. M. Spence. 1980. Competition in the Open Economy: A Model Applied to Canada. Harvard University Press, Cambridge, MA.
7. Chang, S. J. 1992. A knowledge-based perspective on corporate growth: Entry, exit, and economic performance during 1981-1989. Ph.D. dissertation, University of Pennsylvania, Philadelphia.
8. Chatterjee, S., J. D. Blocher. 1992. Measurement of firm diversification: Is it robust? Acad. Management J. 35(4) 874-888.
9. Chatterjee, S., J. Singh. 1999. Are tradeoffs inherent in diversification moves? A simultaneous model for type of diversification and mode of expansion decisions. Management Sci. 45(1) 25-41.
10. Coase, R. H. 1937. The nature of the firm. Economica 4(16) 386-405.
11. Coase, R. H. 1991. Nobel lecture: The institutional structure of production. Reprinted in O. E. Williamson, S. G. Winter, eds. The Nature of the Firm. Oxford University Press, New York, 227-235.
12. Coff, R. W. 1999. How buyers cope with uncertainty when acquiring firms in knowledge-intensive industries: Caveat emptor. Organ. Sci. 10(2) 144-161.
13. Conner, K. R., C. K. Prahalad. 1996. A resource-based theory of the firm: Knowledge versus opportunism. Organ. Sci. 7(5) 77-501.
14. Davis, R., I. Duhaime. 1992. Diversification, vertical integration, and industry analysis: New perspectives and measurement. Strategic Management J. 13(7) 511-524.
15. Dosi, G., R. R. Nelson, S. G. Winter. 2000. The Nature and Dynamics of Organizational Capabilities. Oxford University Press, Oxford, UK.
16. Farjoun, M. 1994. Beyond industry boundaries: Human expertise, diversification and resource-related industry groups. Organ. Sci. 5(2) 185-199.
17. Feller, W. 1957. An Introduction to Probability Theory and Its Applications, Vol.I, 2nd ed. Wiley, New York
18. Geroski, P. A. 1991. Market Dynamics and Entry. Basil Blackwell, Oxford, UK.
19. Gollop, F. M., J. L. Monihan. 1991. A generalized index of diversification: Trends in U.S. manufacturing. Rev. Econom. Statist. 73(2) 318-330.
20. Grant, R. M. 1988. On "dominant logic," relatedness and the link between diversity and performance. Strategic Management J. 9(6) 639-642.
21. Grant, R. M. 1996. Toward a knowledge-based theory of the firm. Strategic Management J. 17(Winter) 109-122.
22. Helfat, C. E. 2000. Guest editor's introduction to the special issue: The evolution of firm capabilities. Strategic Management J. 21(10-11) 955-959.
23. Helfat, C. E., K. Eisenhardt. 2004. Inter-temporal economies of scope, organizational modularity, and the dynamics of diversification. Strategic Management J. 25(13) 1217-1232.
24. Helfat, C. E., M. J. Lieberman. 2002. The birth of capabilities: Market entry and the importance of pre-history. Indust. Corporate Change 11(4) 725-760.
25. Helfat, C. E., M. Peteraf. 2003. The dynamic resource-based view: Capability life-cycles. Strategic Management J. 24(10) 997-1010.
26. Helfat, C. E., L. Raubitschek. 2000. Product sequencing: Co-evolution of knowledge, capabilities and products. Strategic Management J. 21(10-11) 961-979.
27. Hoskisson, R. E., M. A. Hitt, R. A. Johnson, D. Moesel. 1993. Construct validity of an objective (entropy) categorical measure of diversification strategy. Strategic Management J. 14(3) 215-234.
28. Jacquemin, A. P., C. H. Berry. 1979. Entropy measure of diversification and corporate growth. J. Indust. Econom. 27(4) 359-369.
29. Jensen, M. C. 1986. Agency costs of free cash flow, corporate finance, and takeovers. Amer. Econom. Rev. 76(2) 323-329
30. Kogut, B., U. Zander. 1992. Knowledge of the firm, combinative capabilities, and the replication of technology. Organ. Sci. 3(3) 383-397.
31. Langlois, R. N., T. F.-L. Yu, P. L. Roberston, eds. 2003. Alternative Theories of the Firm. Edward Elgar, Cheltenham, UK.
32. Lemelin, A. 1982. Relatedness in patterns of interindustry diversification. Rev. Econom. Statist. 64(4) 646-657.
33. Lubatkin, M., H. Merchant, N. Srinivasan. 1993. Construct validity of some unweighted product-count diversification measures. Strategic Management J. 14(6) 433-449.
34. Mahoney, J. T., J. R. Pandian. 1992. The resource-based view within the conversation of strategic management. Strategic Management J. 13(5) 363-380.
35. Montgomery, C. A. 1994. Corporate diversification. J. Econom. Perspectives 8(3) 163-178.
36. Montgomery, C. A., S. Hariharan. 1991. Diversified expansion by large established firms. J. Econom. Behav. Organ. 15(1) 71-89.
37. Montgomery, C. A., B. Wernerfelt. 1988. Diversification, Ricardian rents, and Tobin's q. RAND J. Econom. 19(4) 623-632.
38. Nelson, R., S. Winter. 1982. An Evolutionary Theory of Economic Change. Harvard University Press, Cambridge, MA.
39. Palepu, K. 1985. Diversification strategy, profit performance and the entropy measure. Strategic Management J. 6(3) 239-255.
40. Panzar, J., R. Willig. 1981. Economies of scope. Amer. Econom. Rev. 71(2) 268-272.
41. Pehrsson, A. 2006. Business relatedness and performance: A study of managerial perceptions. Strategic Management J. 27(3) 265-282.
42. Penrose, E. 1959. The Theory of the Growth of the Firm. John Wiley & Sons, New York.
43. Peteraf, M. A. 1993. The cornerstones of competitive advantage: A resource-based view. Strategic Management J. 14(3) 179-191.
44. Peteraf, M., M. E. Bergen. 2003. Scanning dynamic competitive landscapes: A market-based and resource-based framework. Strategic Management J. 24(10) 1027-1041.
45. Prahalad, C. K., R. A. Bettis. 1986. The dominant logic: A new linkage between diversity and performance. Strategic Management J. 7(6) 485-501.
46. PRNewswire. 2003. Energizer Holdings, Inc. acquires Schick-Wilkinson sword. (January 21).
47. Robins, J., M. F. Wiersema. 1995. A resource-based approach to the multi-business firm: Empirical analysis of portfolio interrelationships and corporate financial performance. Strategic Management J. 16(4) 277-299.
48. Rumelt, R. P. 1974. Strategy, Structure and Economic Performance. Harvard University Press, Boston.
49. Rumelt, R. P. 1984. Towards a strategic theory of the firm. R. Lamb, ed. Competitive Strategic Management. Prentice Hall, Englewood Cliffs, NJ.
50. Silverman, B. S. 1999. Technological resources and the direction of corporate diversification: Toward an integration of the resource-based view and transaction cost economics. Management Sci. 45(8) 1109-1124.
51. Stigler, G. J. 1968. The Organization of Industry. Homewood, Irwin, IL.
52. Stimpert, J. L., I. M. Duhaime. 1997. In the eyes of the beholder: Conceptualizations of relatedness held by the managers of large diversified firms. Strategic Management J. 18(2) 111-125.
53. Takayama, A. 1985. Mathematical Economics, 2nd ed. Cambridge University Press, New York.
54. Teece, D. J. 1980. Economics of scope and the scope of the enterprise. J. Econom. Behav. Organ. 1(3) 223-247.
55. Teece, D. J. 1982. Toward an economic theory of the multiproduct firm. J. Econom. Behav. Organ. 3(1) 39-63.
56. Teece, D. J., G. Pisano, A. Shuen. 1997. Dynamic capabilities and strategic management. Strategic Management J. 18(7) 509-533.
57. Teece, D., R. Rumelt, G. Dosi, S. Winter. 1994. Understanding corporate coherence: Theory and evidence. J. Econom. Behav. Organ. 23(1) 1-30. (Reprinted with corrections in Alternative Theories of the Firm, Vol.II. R. N. Langlois, T. F.-L. Yu, P. Robertson, eds. Elgar, Cheltenham, UK, 2002.)
58. Wernerfelt, B. 1984. A resource-based view of the firm. Strategic Management J. 5(2) 171-180.
59. Williamson, O. E. 1985. The Economic Institutions of Capitalism.Free Press, New York.
60. Winter, S. G. 1987. Knowledge and competence as strategic assets. D. J. Teece, ed. The Competitive Challenge: Strategies for Industrial Innovation and Renewal. Ballinger, Cambridge, MA, 159-184.
61. Winter, S. G. 1995. Four Rs of profitability: Rents, resources, routines and replication. C. A. Montgomery, ed. Resource-Based and Evolutionary Theories of the Firm: Towards a Synthesis. Kluwer Academic Publishers, Boston.
62. Winter, S. G. 2003. Understanding dynamic capabilities. Strategic Management J. 24(6)(10) 991-995.
63. Winter, S. G., G. Szulanski. 2001. Replication as strategy. Organ. Sci. 12(6) 730-743.
64. Wrigley, L. 1970. Divisional autonomy and diversification. Unpublished doctoral dissertation, Harvard Business School, Boston.
65. Yip, G. 1982. Diversification entry: Internal development versus acquisition. Strategic Management J. 3 331-345.