Empirically eliciting complementarities in capabilities: Integrating quasi-experimental and panel data methodologies

Strategic Organization

Volumn 8, Issue 2, 2010, Pages 107-131

  Clougherty, Joseph A ^a   Moliterno, Thomas P ^b  

^a UNIVERSITY OF ILLINOIS AT URBANA CHAMPAIGN   (United States)

^b UNIVERSITY OF SOUTH CAROLINA   (United States)

Author keywords

Capabilities; Factor markets; Panel data; Quasi experiment; Research methods; Resource based view

Indexed keywords

EID: 77952000756     PISSN: 14761270     EISSN: 1741315X     Source Type: Journal    
DOI: 10.1177/1476127010365019     Document Type: Article

References (79)

1. Adegbesan, J.A. (2009) On the Origins of Competitive Advantage: Strategic Factor Markets and Heterogeneous Resource Complementarity, Academy of Management Review 34(3): 463-75.
2. Amit, R. and Schoemaker, P.J.H. (1993) Strategic Assets and Organizational Rent, Strategic Management Journal 14(1): 33-46.
3. Anand, B.N. and Khanna, T. (2000) Do Firms Learn to Create Value? The Case of Alliances, Strategic Management Journal 21(3): 295-315.
4. Arend, R.J. and Bromiley, P. (2009) 'Assessing the Dynamic Capabilities View: Spare Change, Everyone?', Strategic Organization 7(1): 75-90.
5. Armstrong, C.E. and Shimizu, K. (2007) A Review of Approaches to Empirical Research on the Resource-Based View of the Firm, Journal of Management 33(6): 959-86.
6. Barney, J.B. (1986) Strategic Factor Markets: Expectations, Luck, and Business Strategy, Management Science 32(10): 1231-41.
7. Barney, J.B. (1988) Returns to Bidding Firms in Mergers and Acquisitions: Reconsidering the Relatedness Hypothesis, Strategic Management Journal 9 (Special Isue: 'Strategy Content Research'): 71-8.
8. Barney, J.B. (1989) Asset Stocks and Sustained Competitive Advantage: A Comment, Management Science 35(12): 1511-13.
9. Barney, J.B. (1991) Firm Resources and Sustained Competitive Advantage, Journal of Management 17(1): 99-120.
10. Barney, J.B. (1997) Gaining and Sustaining Competitive Advantage. Reading, MA: Addison-Wesley.
11. Barney, J.B. and Arikan, A.M. (2001) The Resource-Based View: Origins and Implications, in M. A. Hitt, R. E. Freeman and J. S. Harrison (eds) The Blackwell Handbook of Strategic Management, pp. 124-88. Malden, MA: Blackwell.
12. Baum, J.A.C. and Korn, H.J. (1996) Competitive Dynamics of Interfirm Rivalry, Academy of Management Journal 39(2): 255-91.
13. Bloom, N., Dorgan, S., Dowdy, J. and van Reenen, J. (2007) Management Practice and Productivity: Why They Matter, LSE Working Paper.
14. Bruner, R.F. (2002) Does M&A Pay? A Survey of Evidence for the Decision-Maker, Journal of Applied Finance 12(1): 7-27.
15. Campbell, D.T. and Stanley, J.L. (1966) Experimental and Quasi-Experimental Designs for Research. Chicago, IL: Rand McNally.
16. Christmann, P. (2000) Effects of Best Practices of Environmental Management on Cost Advantage: The Role of Complementary Assets, Academy of Management Journal 43(4): 663-80.
17. Clougherty, J.A. (2000) US Domestic Airline Alliances: Does the National Welfare Impact Turn on Strategic International Gains, Contemporary Economic Policy 18(3): 304-14.
18. Clougherty, J.A. (2002) US Domestic Airline Mergers: The Neglected International Determinants, International Journal of Industrial Organization 20(4): 557-76.
19. Clougherty, J.A. (2006) The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Business, Managerial and Decision Economics 27(1): 75-93.
20. Clougherty, J.A. and Zhang, A. (2009) 'Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets', Canadian Journal of Economics 42(2): 440-68.
21. Coff, R.W. (1999) When Competitive Advantage Doesn't Lead to Performance: The Resource-Based View and Stakeholder Bargaining Power, Organization Science 10(2): 119-33.
22. 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(1): 121-54.
23. Cook, T.D. and Campbell, D.T. (1979) Quasi-Experimentation: Design and Analysis Issues for Field Settings. Boston, MA: Houghton Mifflin.
24. De Murias, R. (1989) The Economic Regulation of International Air Transport. London: McFarland and Co.
25. Denrell, J., Fang, C. and Winter, S.G. (2003) The Economics of Strategic Opportunity, Strategic Management Journal 24(10): 977-90.
26. Dierickx, I. and Cool, K. (1989) Asset Stock Accumulation and Sustainability of Competitive Advantage, Management Science 35 (12): 1504-14.
27. Dutta, S., Narasimhan, O. and Rajiv, S. (2005) Conceptualizing and Measuring Capabilities: Methodology and Empirical Application, Strategic Management Journal 26(3): 277-85.
28. Eisenhardt, K.M. and Martin, J.A. (2000) Dynamic Capabilities: What Are They?, Strategic Management Journal 21(10-11): 1105-21.
29. GAO (General Accounting Office) (1992) Airline Competition: Impact of Changing Foreign Investment and Control Limits on US Airlines, Washington, DC.
30. Ghemawat, P. and Pisano, G. (2001) Building and Sustaining Success, in P. Ghemawat (ed.) Strategy and the Business Landscape, pp. 111-32. Englewood Cliffs, NJ: Prentice-Hall.
31. Grant, A.M. and Wall, T.D. (2009) 'The Neglected Science and Art of Quasi-Experimentation: Why-to, When-to, and How-to Advise for Organizational Researchers', Organizational Research Methods 12(4): 653-86.
32. Grant, R.M. (1991) The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation, California Management Review 33(3): 114-35.
33. Greene, W.H. (2008) Econometric Analysis. Upper Saddle River, NJ: Prentice-Hall.
34. Guler, I. (2007) Pulling the Plug: The Capability to Manage Unsuccessful Investments and Firm Performance, University of North Carolina Working Paper.
35. Helfat, C.E. and Peteraf, M.A. (2009) 'Understanding Dynamic Capabilities: Progress along a Developmental Path', Strategic Organization 7(1): 91-102.
36. Helfat, C.E. and Teece, D.J. (1987) 'Vertical Integration and Risk Reduction', Journal of Law, Economics and Organization 3(1): 47-67.
37. Helfat, C.E., Finkelstein, S., Mitchell, W., Peteraf, M.A., Singh, H., Teece, D.J. and Winter, S.G. (2007) Dynamic Capabilities: Understanding Strategic Change in Organizations. Malden, MA: Blackwell.
38. Henderson, R. and Cockburn, I. (1994) Measuring Competence? Exploring Firm Effects in Pharmaceutical Research, Strategic Management Journal 15 (Special Issue: 'Competitive Organizational Behavior'): 63-84.
39. Hitt, M.A., Bierman, L., Shimizu, K. and Kochhar, R. (2001) Direct and Moderating Effects of Human Capital on Strategy and Performance in Professional Service Firms: A Resource-Based Perspective, Academy of Management Journal 44(1): 13-28.
40. Holcomb, T.R., Holmes, R.M., Jr and Connelly, B.L. (2009) 'Making the Most of What You Have: Managerial Ability as a Source of Resource Value Creation', Strategic Management Journal 30(5): 457-85.
41. Hollenbeck, J.R. (2002) Quasi-Experimentation and Applied Psychology: Introduction to a Special Issue of Personnel Psychology, Personnel Psychology 55(3): 587-8.
42. Jennings, P.D., Schulz, M., Patient, D., Gravel, C. and Yuan, K. (2005) Weber and Legal Rule Evolution: The Closing of the Iron Cage?, Organization Studies 26(4): 621-53.
43. Ketchen, D.J., Jr, Boyd, B.K. and Bergh, D.D. (2008) Research Methodology in Strategic Management: Past Accomplishments and Future Challenges, Organizational Research Methods 11(4): 643-58.
44. Kogut, B. and Zander, U. (1992) Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology, Organization Science 3(3): 383-97.
45. Kor, Y.Y. and Leblebici, H. (2005) How Do Interdependencies among Human-Capital Deployment, Development, and Diversification Strategies Affect Firms' Financial Performance, Strategic Management Journal 26(10): 967-85.
46. Kor, Y.Y. and Mahoney, J.T. (2005) How Dynamics, Management and Governance of Resource Deployment Influence Firm-Level Performance, Strategic Management Journal 26(5): 489-96.
47. Korn, H.J. and Baum, J.A.C. (1999) Chance, Imitative, and Strategic Antecedents to Multimarket Contact, Academy of Management Journal 42(2): 171-93.
48. Lazzarini, S.G. (2007) The Impact of Membership in Competing Alliance Constellations: Evidence on the Operational Performance of Global Airlines, Strategic Management Journal 28(4): 345-67.
49. Mahoney, J.T. and Pandian, J.R. (1992) The Resource-Based View within the Conversation of Strategic Management, Strategic Management Journal 13(5): 363-80.
50. Makadok, R. (1997) Do Inter-Firm Differences in Capabilities Affect Strategic Pricing Dynamics?, Academy of Management Best Paper Proceedings 1997: 30-4.
51. Makadok, R. (1999) Do Inter-Firm Differences in Capabilities Affect Strategic Pricing Dynamics?, Strategic Management Journal 20(10): 935-52.
52. Makadok, R. (2001) Toward a Synthesis of the Resource-Based and Dynamic-Capability Views of Rent Creation, Strategic Management Journal 22(5): 387-401.
53. Makadok, R. and Barney, J.B. (2001) Strategic Factor Market Intelligence: An Application of Information Economics to Strategy Formulation and Competitor Intelligence, Management Science 47(12): 1621-38.
54. Maritan, C.A. (2001) Capital Investment as Investing in Organizational Capabilities: An Empirically Grounded Process Model, Academy of Management Journal 44(3): 513-31.
55. Moliterno, T.P. and Wiersema, M.F. (2007) Firm Performance, Rent Appropriation, and the Strategic Resource Divestment Capability, Strategic Management Journal 28(11): 1065-87.
56. Moran, P. and Ghoshal, S. (1999) Markets, Firms, and the Process of Economic Development, Academy of Management Review 24(3): 390-412.
57. Morrow, J.L., Sirmon, D.G. and Hitt, M.A. (2007) Creating Value in the Face of Declining Performance: Firm Strategies and Organizational Recovery, Strategic Management Journal 28(3): 271-83.
58. Newbert, S. (2007) Empirical Research on the Resource-Based View of the Firm: An Assessment and Suggestions for Future Research, Strategic Management Journal 28(2): 121-46.
59. Oum, T.H. and Yu, C. (1998) Winning Airlines: Productivity and Cost Competitiveness of the World's Major Airlines. Norwell, MA: Kluwer Academic Publishers.
60. Penrose, E. (1959) The Theory of the Growth of the Firm. New York: Oxford University Press.
61. Peteraf, M.A. (1993) The Cornerstones of Competitive Advantage: A Resource-Based View, Strategic Management Journal 14(3): 179-91.
62. Peteraf, M.A. and Reed, R. (2007) Managerial Discretion and Internal Alignment under Regulatory Constraints and Change, Strategic Management Journal 28(11): 1089-112.
63. Peteraf, M.A. and Reed, R. (2008) Managerial Reform and Managerial Choice: An Analysis of the Cost Savings from Airline Deregulation, Managerial and Decision Economics 29(2-3): 99-116.
64. Porter, M.E. (1996) What is Strategy?, Harvard Business Review 74(6): 61-78.
65. Romanelli, E. and Tushman, M.L. (1986) Inertia, Environments, and Strategic Choice: A Quasi-Experimental Design for Comparative-Longitudinal Research, Management Science 32(5): 608-21.
66. Roos, L.L., Jr (1973) Panels, Rotation, and Events, in J. A. Caporaso and L. L. Roos, Jr (eds) Quasi-Experimental Approaches: Testing Theory and Evaluating Policy, pp. 39-92. Evanston, IL: Northwestern University Press.
67. Rumelt, R.P. (1974) Strategy, Structure, and Economic Performance. Boston, MA: Harvard University Press.
68. Scandura, T.A. and Williams, E.A. (2000) Research Methodology in Management: Current Practices, Trends, and Implications for Future Research, Academy of Management Journal 43(6): 1248-64.
69. Seldeslachts, J., Clougherty, J.A. and Barros, P.P. (2009) 'Settle for Now but Block for Tomorrow: The Deterrence Effects of Merger Policy Tools', Journal of Law and Economics 52(3): 607-34.
70. Sirmon, D.G. and Hitt, M.A. (2009) 'Contingencies within Dynamic Managerial Capabilities: Interdependent Effects of Resource Investment and Deployment on Firm Performance', Strategic Management Journal 30(13): 1375-94.
71. Sirmon, D.G., Hitt, M.A. and Ireland, R.D. (2007) Managing Firm Resources in Dynamic Environments to Create Value: Looking inside the Black Box, Academy of Management Review 32(1): 273-91.
72. Sirmon, D.G., Gove, S. and Hitt, M.A. (2008) Resource Management in Dyadic Competitive Rivalry: The Effects of Resource Bundling and Deployment, Academy of Management Journal 51(5): 919-35.
73. Somaya, D., Williamson, I.O. and Zhang, X. (2007) Combining Patent Law Expertise with R&D for Patenting Performance, Organization Science 18(6): 922-37.
74. Teece, D.J. (1981) Internal Organization and Economic Performance: An Empirical Analysis of the Profitability of Principal Firms, Journal of Industrial Economics 30(2): 173-99.
75. Teece, D.J. (1986) 'Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public-Policy', Research Policy 15(6): 285-305.
76. Teece, D.J. (2007) Explicating Dynamic Capabilities: The Nature and Microfoundations of (Sustainable) Enterprise Performance, Strategic Management Journal 28(13): 1319-50.
77. Teece, D.J., Pisano, G. and Shuen, A. (1997) Dynamic Capabilities and Strategic Management, Strategic Management Journal 18(7): 509-33.
78. Wernerfelt, B. (1984) A Resource-Based View of the Firm, Strategic Management Journal 5(2): 171-80.
79. Wooldridge, J.M. (2002) Econometric Analysis of Cross Section and Panel Data. Cambridge, MA: The MIT Press.