A New Perspective on a Fundamental Debate: A Multilevel Approach to Industry, Corporate, and Business Unit Effects

Louisiana State University, Baton Rouge, Louisiana, United States
Strategic Management Journal (Impact Factor: 3.78). 06/2006; 27(6):571 - 590. DOI: 10.1002/smj.530


We utilized a multilevel approach to both estimate the relative importance of industry, corporate, and business segment effects on firm performance, as well as to demonstrate how it enables the investigation of specific strategic factors within each class of effects. Our results confirmed previous findings suggesting that although business segment effects carry the most relative importance, industry and corporate effects are also important. Among the findings regarding specific factors, we found that industry concentration and munificence, as well as the resource environment provided by corporate parents, impact performance. These findings suggest that investigators should consider both industry and corporate environments when examining performance. Copyright © 2006 John Wiley & Sons, Ltd.

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    • "Outras correntes econômicas questionam o determinismo da indústria sobre o desempenho da empresa influenciam o desenvolvimento de uma visão voltada para recursos internos da empresa, a teoria da visão baseada em recursos (Resouce Based View ou RBV) (Barney, 1991). A ascensão da RBV também é influenciada pelos resultados dos estudos empíricos sobre a decomposição da variância do desempenho, que impuseram dúvidas quanto ao nível de influência do fator indústria sobre o desempenho financeiro (Misangyi, Elms, Greckhamer, & Lepine, 2006; Rumelt, 1991). Assim, mais do que a estrutura da indústria ou dos grupos estratégicos, a heterogeneidade entre as empresas poderia ser explicada pela diferença de recursos e acesso a fatores estratégicos (Peteraf & Barney, 2003). "
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    DESCRIPTION: Revisão teórica sobre estratégia e competitividade
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    • "The remaining residuals after the introduction of two or more different effects are only independent of the order of introduction if collinearity between the considered effects is zero. This, however, is usually not the case (Misangyi et al., 2006). Therefore, in order to get a correct picture of effect magnitudes, all possible combinations of effect introduction according to Figure 1 "
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    • "herein the order in which effects are entered into the model potentially influences the results ( Short et al . , 2006 ) . Multilevel analysis also allows us to capture and model the determinants of each firm ' s year - to - year growth in the separate components of CEO compensa - tion , thus capitalizing on utilizing time as a level of analysis ( Misangyi et al . , 2006 ) thereby allowing us to fully assess the effects of temporal influences . Finally , multilevel analy - sis permits moving beyond the mainly descriptive partitioning of variance to potentially identify cross - level re - lationships and examine causal relationships ( Hought , 2006 ) . Our study is able to contribute to the spirited deba"
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