IDEAS home Printed from https://ideas.repec.org/a/bla/stratm/v37y2016i7p1448-1471.html
   My bibliography  Save this article

Revisiting the firm, industry, and country effects on profitability under recessionary and expansion periods: A multilevel analysis

Author

Listed:
  • Vassiliki Bamiatzi
  • Konstantinos Bozos
  • S. Tamer Cavusgil
  • G. Tomas M. Hult

Abstract

No abstract is available for this item.

Suggested Citation

  • Vassiliki Bamiatzi & Konstantinos Bozos & S. Tamer Cavusgil & G. Tomas M. Hult, 2016. "Revisiting the firm, industry, and country effects on profitability under recessionary and expansion periods: A multilevel analysis," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1448-1471, July.
    • Handle: RePEc:bla:stratm:v:37:y:2016:i:7:p:1448-1471
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1002/smj.2422
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Francisco Diaz Hermelo & Roberto Vassolo, 2010. "Institutional development and hypercompetition in emerging economies," Strategic Management Journal, Wiley Blackwell, vol. 31(13), pages 1457-1473, December.
    2. Tony W Tong & Todd M Alessandri & Jeffrey J Reuer & Asda Chintakananda, 2008. "How much does country matter? An analysis of firms’ growth options," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(3), pages 387-405, April.
    3. Jay B. Barney, 1986. "Strategic Factor Markets: Expectations, Luck, and Business Strategy," Management Science, INFORMS, vol. 32(10), pages 1231-1241, October.
    4. Tarun Khanna & Jan W. Rivkin, 2001. "Estimating the performance effects of business groups in emerging markets," Strategic Management Journal, Wiley Blackwell, vol. 22(1), pages 45-74, January.
    5. Shepherd, William G, 1972. "The Elements of Market Structure," The Review of Economics and Statistics, MIT Press, vol. 54(1), pages 25-37, February.
    6. Mike W Peng & Denis Y L Wang & Yi Jiang, 2008. "An institution-based view of international business strategy: a focus on emerging economies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(5), pages 920-936, July.
    7. Daniela Schwarzer, 2012. "The Euro Area Crises, Shifting Power Relations and Institutional Change in the European Union," Global Policy, London School of Economics and Political Science, vol. 3, pages 28-41, December.
    8. Javier Garcia-Sanchez & Luiz F. Mesquita & Roberto S. Vassolo, 2014. "What doesn't kill you makes you stronger: The evolution of competition and entry-order advantages in economically turbulent contexts," Strategic Management Journal, Wiley Blackwell, vol. 35(13), pages 1972-1992, December.
    9. Anita M. McGahan & Michael E. Porter, 2002. "What Do We Know About Variance in Accounting Profitability?," Management Science, INFORMS, vol. 48(7), pages 834-851, July.
    10. Frederick M. Richardson & Gregory D. Kane & Patricia Lobingier, 1998. "The Impact of Recession on the Prediction of Corporate Failure," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 25(1&2), pages 167-186.
    11. Shige Makino & Takehiko Isobe & Christine M. Chan, 2004. "Does country matter?," Strategic Management Journal, Wiley Blackwell, vol. 25(10), pages 1027-1043, October.
    12. Joe S. Bain, 1951. "Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936–1940," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(3), pages 293-324.
    13. Gale, Bradley T, 1972. "Market Share and Rate of Return," The Review of Economics and Statistics, MIT Press, vol. 54(4), pages 412-423, November.
    14. Juan Carlos Bou & Albert Satorra, 2007. "The persistence of abnormal returns at industry and firm levels: Evidence from Spain," Strategic Management Journal, Wiley Blackwell, vol. 28(7), pages 707-722, July.
    15. Briance Mascarenhas & David A. Aaker, 1989. "Strategy over the business cycle," Strategic Management Journal, Wiley Blackwell, vol. 10(3), pages 199-210, May.
    16. Justin Tan & Mike W. Peng, 2003. "Organizational slack and firm performance during economic transitions: two studies from an emerging economy," Strategic Management Journal, Wiley Blackwell, vol. 24(13), pages 1249-1263, December.
    17. Frank A.G. den Butter, 2012. "Managing Transaction Costs in the Era of Globalization," Books, Edward Elgar Publishing, number 14748.
    18. Tarun Khanna & Krishna Palepu, 2000. "Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups," Journal of Finance, American Finance Association, vol. 55(2), pages 867-891, April.
    19. Douglass C. North, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter.
    20. Goldszmidt, Rafael G. Burstein & Brito, Luiz Artur Ledur & de Vasconcelos, Flávio Carvalho, 2011. "Country effect on firm performance: A multilevel approach," Journal of Business Research, Elsevier, vol. 64(3), pages 273-279, March.
    21. Hawawini, Gabriel & Subramanian, Venkat & Verdin, Paul, 2004. "The home country in the age of globalization: how much does it matter for firm performance?," Journal of World Business, Elsevier, vol. 39(2), pages 121-135, May.
    22. Sumit K. Majumdar & Arnab Bhattacharjee, 2014. "Firms, Markets, and the State: Institutional Change and Manufacturing Sector Profitability Variances in India," Organization Science, INFORMS, vol. 25(2), pages 509-528, April.
    23. Anita M McGahan & Rogerio Victer, 2010. "How much does home country matter to corporate profitability?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(1), pages 142-165, January.
    24. Pankaj Ghemawat & Tarun Khanna, 1998. "The Nature of Diversified Business Groups: A Research Design and Two Case Studies," Journal of Industrial Economics, Wiley Blackwell, vol. 46(1), pages 35-61, March.
    25. Sea‐Jin Chang & Harbir Singh, 2000. "Corporate and industry effects on business unit competitive position," Strategic Management Journal, Wiley Blackwell, vol. 21(7), pages 739-752, July.
    26. Gabriel Hawawini & Venkat Subramanian & Paul Verdin, 2003. "Is performance driven by industry‐or firm‐specific factors? A new look at the evidence," Strategic Management Journal, Wiley Blackwell, vol. 24(1), pages 1-16, January.
    27. Geroski,Paul A. & Gregg,Paul, 1997. "Coping with Recession," Cambridge Books, Cambridge University Press, number 9780521622769, September.
    28. Joe S. Bain, 1951. "Corrigendum"Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936–1940" by Joe S. Bain (August 1951)," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(4), pages 602-602.
    29. Schmalensee, Richard, 1985. "Do Markets Differ Much?," American Economic Review, American Economic Association, vol. 75(3), pages 341-351, June.
    30. Christine Oliver, 1997. "Sustainable competitive advantage: combining institutional and resource‐based views," Strategic Management Journal, Wiley Blackwell, vol. 18(9), pages 697-713, October.
    31. Pearce, John II & Michael, Steven C., 1997. "Marketing strategies that make entrepreneurial firms recession-resistant," Journal of Business Venturing, Elsevier, vol. 12(4), pages 301-314, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ketelhöhn, Niels W. & Quintanilla, Carlos, 2012. "Country effects on profitability: A multilevel approach using a sample of Central American firms," Journal of Business Research, Elsevier, vol. 65(12), pages 1767-1772.
    2. Sumit K. Majumdar & Arnab Bhattacharjee, 2014. "Firms, Markets, and the State: Institutional Change and Manufacturing Sector Profitability Variances in India," Organization Science, INFORMS, vol. 25(2), pages 509-528, April.
    3. Sarada Devi Gadepalli & Arindam Mondal, 2018. "Sources of Business Unit Performance Heterogeneity in India: The Influence of Ownership," Vikalpa: The Journal for Decision Makers, , vol. 43(4), pages 207-221, December.
    4. Spyridon Stavropoulos & Martijn J. Burger & Dimitris Skuras, 2015. "Data Sparseness and Variance in Accounting Profitability," Tinbergen Institute Discussion Papers 15-014/VII, Tinbergen Institute.
    5. Guangrui Guo, 2017. "Demystifying variance in performance: A longitudinal multilevel perspective," Strategic Management Journal, Wiley Blackwell, vol. 38(6), pages 1327-1342, June.
    6. Hernan Etiennot & Roberto Vassolo & Francisco Diaz Hermelo & Anita McGahan, 2019. "How do industry and country impact firm performance? A national and supranational analysis," Review of Managerial Science, Springer, vol. 13(4), pages 791-821, August.
    7. Pankaj Kumar & Xiaojin Liu & Akbar Zaheer, 2022. "How much does the firm's alliance network matter?," Strategic Management Journal, Wiley Blackwell, vol. 43(8), pages 1433-1468, August.
    8. Peregrino de Brito, Renata & Artur Ledur Brito, Luiz, 2020. "The influence of institutional changes on industry effects," Journal of Business Research, Elsevier, vol. 119(C), pages 610-618.
    9. Bamiatzi, Vassiliki & Cavusgil, Salih Tamer & Jabbour, Liza & Sinkovics, Rudolf R., 2014. "Does business group affiliation help firms achieve superior performance during industrial downturns? An empirical examination," International Business Review, Elsevier, vol. 23(1), pages 195-211.
    10. Andonova, Veneta & Ruíz-Pava, Guillermo, 2016. "The role of industry factors and intangible assets in company performance in Colombia," Journal of Business Research, Elsevier, vol. 69(10), pages 4377-4384.
    11. Francesco Castellaneta & Oliver Gottschalg, 2016. "Does ownership matter in private equity? The sources of variance in buyouts' performance," Strategic Management Journal, Wiley Blackwell, vol. 37(2), pages 330-348, February.
    12. De Beule, Filip & Klein, Martin & Verwaal, Ernst, 2020. "Institutional quality and inclusive strategies at the base of the pyramid," Journal of World Business, Elsevier, vol. 55(5).
    13. Dmitry Sharapov & Paul Kattuman & Diego Rodriguez & F. Javier Velazquez, 2021. "Using the SHAPLEY value approach to variance decomposition in strategy research: Diversification, internationalization, and corporate group effects on affiliate profitability," Strategic Management Journal, Wiley Blackwell, vol. 42(3), pages 608-623, March.
    14. Kafouros, Mario & Aliyev, Murod, 2016. "Institutional development and firm profitability in transition economies," Journal of World Business, Elsevier, vol. 51(3), pages 369-378.
    15. Kohls, Tobias & Mager, Ferdinand & Regele, Tobias, 2023. "Competitive advantage and firm, industry, and country effects: An asset pricing perspective," Journal of Economics and Business, Elsevier, vol. 127(C).
    16. Stefan Hirsch & Jan Schiefer, 2016. "What Causes Firm Profitability Variation in the EU Food Industry? A Redux of Classical Approaches of Variance Decomposition," Agribusiness, John Wiley & Sons, Ltd., vol. 32(1), pages 79-92, January.
    17. Weiß, Christian, 2010. "The Ownership Concentration of Firms: Three Essays on the Determinants and Effects," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 30247, September.
    18. Lai, Richard, 2007. "Inventory and the Shape of the Earth," MPRA Paper 4754, University Library of Munich, Germany.
    19. Muhammad Azeem Qureshi & Fred H. Strønen & Marius Tyseng & Marius Urdal, 2020. "Sustainable Business in Norway: The Firm or the Industry Effect?," Sustainability, MDPI, vol. 12(8), pages 1-13, April.
    20. Spyridon Stavropoulos & Dimitris Skuras, 2016. "Firm Profitability and Agglomeration Economies: An Elusive Relationship," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(1), pages 66-80, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:stratm:v:37:y:2016:i:7:p:1448-1471. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0143-2095 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.