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Assessing Cumulative Evidence within ‘Macro’ Research: Why Meta‐Analysis Should be Preferred Over Vote Counting

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  • James G. Combs
  • David J. Ketchen, Jr
  • T. Russell Crook
  • Philip L. Roth

Abstract

Understanding the conclusions a body of evidence offers involves accumulating findings. Two recent articles used vote counting to assess the evidence related to important macro theories: transaction cost theory and resource-based theory. Each concluded that its focal theory is not well supported. In contrast, recent meta‐analyses of the same theories concluded that both are strongly supported. We explain why macro researchers should trust the findings of meta‐analyses but not those of vote counts. A direct implication is that researchers interested in advancing transaction cost and resource‐based theories need to build upon the meta‐analytic evidence. A broader implication is that, as the preferred method for accumulating evidence, meta‐analysis can be a catalyst for the re‐evaluation of established theories and the development of new theory.

Suggested Citation

  • James G. Combs & David J. Ketchen, Jr & T. Russell Crook & Philip L. Roth, 2011. "Assessing Cumulative Evidence within ‘Macro’ Research: Why Meta‐Analysis Should be Preferred Over Vote Counting," Journal of Management Studies, Wiley Blackwell, vol. 48(1), pages 178-197, January.
  • Handle: RePEc:bla:jomstd:v:48:y:2011:i:1:p:178-197
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    File URL: http://hdl.handle.net/10.1111/j.1467-6486.2009.00899.x
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    1. Kimberly A. Eddleston & Franz Willi Kellermanns & Ravi Sarathy, 2008. "Resource Configuration in Family Firms: Linking Resources, Strategic Planning and Technological Opportunities to Performance," Journal of Management Studies, Wiley Blackwell, vol. 45(1), pages 26-50, January.
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    3. Sonali K. Shah & Kevin G. Corley, 2006. "Building Better Theory by Bridging the Quantitative-Qualitative Divide," Journal of Management Studies, Wiley Blackwell, vol. 43(8), pages 1821-1835, December.
    4. James G. Combs & David J. Ketchen & Alexa A. Perryman & Maura S. Donahue, 2007. "The Moderating Effect of CEO Power on the Board Composition-Firm Performance Relationship," Journal of Management Studies, Wiley Blackwell, vol. 44(8), pages 1299-1323, December.
    5. Raj Echambadi & Benjamin Campbell & Rajshree Agarwal, 2006. "Encouraging Best Practice in Quantitative Management Research: An Incomplete List of Opportunities," Journal of Management Studies, Wiley Blackwell, vol. 43(8), pages 1801-1820, December.
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    Cited by:

    1. Devkar, Ganesh A. & Mahalingam, Ashwin & Deep, Akash & Thillairajan, A., 2013. "Impact of Private Sector Participation on access and quality in provision of electricity, telecom and water services in developing countries: A systematic review," Utilities Policy, Elsevier, vol. 27(C), pages 65-81.
    2. Stam, Wouter & Arzlanian, Souren & Elfring, Tom, 2014. "Social capital of entrepreneurs and small firm performance: A meta-analysis of contextual and methodological moderators," Journal of Business Venturing, Elsevier, vol. 29(1), pages 152-173.
    3. repec:spr:jmgtco:v:28:y:2017:i:3:d:10.1007_s00187-017-0252-y is not listed on IDEAS
    4. Jan Endrikat, 2016. "Market Reactions to Corporate Environmental Performance Related Events: A Meta-analytic Consolidation of the Empirical Evidence," Journal of Business Ethics, Springer, vol. 138(3), pages 535-548, October.
    5. Marta Gancarczyk, 2015. "Proces wzrostu przedsiębiorstwa w świetle podejścia zasobowego i teorii kosztów transakcyjnych," Gospodarka Narodowa, Warsaw School of Economics, issue 5, pages 5-31.
    6. repec:kap:sbusec:v:49:y:2017:i:2:d:10.1007_s11187-017-9842-1 is not listed on IDEAS
    7. repec:bla:jscmgt:v:53:y:2017:i:4:p:67-85 is not listed on IDEAS
    8. repec:eee:iburev:v:27:y:2018:i:1:p:139-148 is not listed on IDEAS
    9. Donald D. Bergh & Herman Aguinis & Ciaran Heavey & David J. Ketchen & Brian K. Boyd & Peiran Su & Cubie L. L. Lau & Harry Joo, 2016. "Using meta-analytic structural equation modeling to advance strategic management research: Guidelines and an empirical illustration via the strategic leadership-performance relationship," Strategic Management Journal, Wiley Blackwell, vol. 37(3), pages 477-497, March.

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