A longitudinal analysis of the impact of firm resources and industry characteristics on firm-specific profitability

被引：22

作者：

Acquaah M. ^{[1
]}

Chi T. ^{[2
]}

机构：

[1] Bryan School of Business and Economics, University of North Carolina at Greensboro, Greensboro, NC 27410

[2] School of Business, University of Kansas, Lawrence

来源：

Journal of Management & Governance | 2007年 / 11卷 / 3期

关键词：

Economic rent; Evolutionary economics; Industrial organization; Panel data analysis; Resource-based view;

D O I：

10.1007/s10997-007-9031-8

中图分类号：

学科分类号：

摘要：

Using a dynamic heterogeneous panel data model, we examine the relationship between firm-specific resources (corporate management capabilities, employee value-added and technological competence) and firm-specific profitability and the potential moderating effects of industry characteristics on this relationship. We find that firm-specific resources enhance both accounting-based measures (return on assets and return on sales) and market-based measure (Tobin's q) of firm-specific performance. Moreover, industry characteristics moderate the relationship between firm-specific resources and firm-specific profitability. Managerial implications are discussed. © 2007 Springer Science+Business Media, LLC.

引用

页码：179 / 213

页数：34

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