Ownership Structure, Strategic Posture, and Firm Growth: An Empirical Examination
AbstractDistinctions among various firm ownership types have gained increasing attention among organizational researchers. The basic premise advanced is that ownership type affects firm processes and outcomes. Extant research, however, has largely addressed the relationship between ownership type and firm performance, with little attention to the means for achieving higher performance. This study investigates the relationships among firms' ownership structure, strategic posture, and firm growth. Strategic posture can provide a firm with a means for attaining a competitive advantage in the marketplace and achieving superior performance. Results indicate that strategic posture does not differ based on the ownership structure of the firm. Additionally, regression analysis demonstrates no effect for ownership structure or strategic posture on firm growth.