Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/wiley/how-does-institutional-change-affect-heterogeneity-among-firms-H600wQoACo
References (59)
-
R. Schmalensee (1984)
Do Markets Differ MuchThe American Economic Review, 75
-
S. Klepper (1996)
Entry, Exit, Growth, and Innovation over the Product Life CycleThe American Economic Review, 86
-
Margaret Peteraf (1993)
Intra-industry structure and the response toward rivalsManagerial and Decision Economics, 14
-
R. Amit, P. Schoemaker (1993)
Strategic assets and organizational rentSouthern Medical Journal, 14
-
Danny Miller, Ming-Jer Chen (1994)
SOURCES AND CONSEQUENCES OF COMPETITIVE INERTIA: A STUDY OF THE U.S. AIRLINE INDUSTRY.Administrative Science Quarterly, 39
-
Levine Levine (1987)
Airline competition in deregulated markets: theory, firm strategy and public policyYale Journal of Regulation, 4
-
G. Milligan, M. Cooper (1985)
An examination of procedures for determining the number of clusters in a data setPsychometrika, 50
-
Richard Johnson, M. Hitt, R. Hoskisson (1993)
BOARD OF DIRECTOR INVOLVEMENT IN RESTRUCTURING: THE EFFECTS OF BOARD VERSUS MANAGERIAL CONTROLSStrategic Management Journal, 14
-
Amit Amit, Schoemaker Schoemaker (1993)
Strategic assets and organizational rentStrategic Management Journal, 14
-
Fiegenbaum Fiegenbaum, Thomas Thomas (1990)
Strategic groups and performance: the U.S. insurance industry, 1970–1984Strategic Management Journal, 11
-
G. Hansen, B. Wernerfelt (1989)
DETERMINANTS OF FIRM PERFORMANCE: THE RELATIVE IMPORTANCE OF ECONOMIC AND ORGANIZATIONAL FACTORSSouthern Medical Journal, 10
-
S. Fawcett, M. Farris (1989)
CONTESTABLE MARKETS AND AIRLINE ADAPTABILITY UNDER DEREGULATIONTransportation Journal, 29
-
R. Schmalensee (1987)
Inter-industry studies of structure and performanceHandbook of Industrial Organization, 2
-
Thomas Brush, P. Bromiley (1997)
What does a small corporate effect mean? A variance components simulation of corporate and business effectsStrategic Management Journal, 18
-
D. Teece, G. Pisano, A. Shuen (1997)
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENTStrategic Management Journal, 18
-
A. McGahan, M. Porter (1997)
HOW MUCH DOES INDUSTRY MATTER, REALLY?Strategic Management Journal, 18
-
B. Kogut, U. Zander (1992)
Knowledge of the Firm, Combinative Capabilities, and the Replication of TechnologyOrganization Science, 3
-
Meyer Meyer (1981)
Transportation deregulation: possibilities and prospectsJournal of Contemporary Business, 7
-
E. Bailey, D. Graham, D. Kaplan (1985)
Deregulating the Airlines -
Joseph Mahoney, J. Pandian (1992)
The resource-based view within the conversation of strategic managementSouthern Medical Journal, 13
-
G. Dosi (1982)
Technological Paradigms and Technological Trajectories: A Suggested Interpretation of the Determinants and Directions of Technical ChangeResearch Policy, 11
-
P. Cappelli (1985)
Competitive Pressures and Labor Relations in the Airline IndustryIndustrial Relations, 24
-
Dosi Dosi (1982)
Technological paradigms and technological trajectoriesResearch Policy, 11
-
Mahoney Mahoney, Pandian Pandian (1992)
The resource‐based view within the conversation of strategic managementStrategic Management Journal, 13
-
R. Henderson, K. Clark (1990)
Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of -
S. Searle (1971)
Linear Models -
R. Henderson, I. Cockburn (1994)
Measuring competence?: exploring firm effects in pharmaceutical researchSouthern Medical Journal, 15
-
M. Anderberg (1973)
Cluster Analysis for Applications -
S. Klepper, E. Graddy (1990)
The Evolution of New Industries and the Determinants of Market StructureThe RAND Journal of Economics, 21
-
James Wade, A. Swaminathan, Mike Saxon (1998)
Normative and Resource Flow Consequences of Local Regulations in the American Brewing Industry, 1845-1918Administrative Science Quarterly, 43
-
Ingemar Dierickx, Karel Cool (1989)
Asset stock accumulation and sustainability of competitive advantageManagement Science, 35
-
Glenn Carroll, Jacques Delacroix (1982)
Errata: Organizational Mortality in the Newspaper Industries of Argentina and Ireland: An Ecological ApproachAdministrative Science Quarterly, 27
-
S. Winter (1983)
Schumpeterian Competition in Alternative Technological RegimesJournal of Economic Behavior and Organization, 5
-
J. Tirole (1988)
The Theory of Industrial Organization -
Karel Cool, D. Schendel (1987)
Strategic Group Formation and Performance: The Case of the U.S. Pharmaceutical Industry, 1963-1982Management Science, 33
-
E. Bailey, Jeffrey Williams (1988)
Sources of Economic Rent in the Deregulated Airline IndustryThe Journal of Law and Economics, 31
-
Avi Fiegenbaum, H. Thomas (1990)
STRATEGIC GROUPS AND PERFORMANCE: THE U.S. INSURANCE INDUSTRY, 1970-84Southern Medical Journal, 11
-
Alfredo Mauri, Max Michaels (1998)
Firm and industry effects within strategic management: an empirical examinationStrategic Management Journal, 19
-
E. Bowman, Constance Helfat (2001)
Does corporate strategy matterStrategic Management Journal, 22
-
P. Geroski (1991)
Market dynamics and entry -
W. Mitchell (1989)
Whether and When? Probability and Timing of Incumbents' Entry into Emerging Industrial SubfieldsAdministrative Science Quarterly, 34
-
F. Scherer, David Ross (1971)
Industrial Market Structure and Economic Performance.Journal of Finance, 26
-
S. Borenstein (1989)
Hubs and High Fares: Dominance and Market Power in the U.S. Airline IndustryThe RAND Journal of Economics, 20
-
Jaime Roquebert, R. Phillips, Peter Westfall (1996)
MARKETS VS. MANAGEMENT: WHAT ‘DRIVES’ PROFITABILITY?Strategic Management Journal, 17
-
Richard Arnott, J. Stiglitz (1988)
Randomization with Asymmetric InformationSocial Science Research Network
-
Chow Chow, Gritta Gritta, Hockstein Hockstein (1988)
Airline financing policies in a deregulated environmentTransportation Journal, 18
-
Cool Cool, Schendel Schendel (1987)
Strategic group formation and performance: U.S. pharmaceutical industryManagement Science, 33
-
Radhakrishna Rao (1971)
Minimum variance quadratic unbiased estimation of variance componentsJournal of Multivariate Analysis, 1
-
S. Lippman, R. Rumelt (1982)
Uncertain Imitability: An Analysis of Interfirm Differences in Efficiency under CompetitionThe Bell Journal of Economics, 13
-
B. Hedberg (1981)
How Organizations Learn and Unlearn -
Hansen Hansen, Wernerfelt Wernerfelt (1989)
Determinants of firm performance: the relative importance of economic and organizational factorsStrategic Management Journal, 10
-
Barney Barney (1991)
Firm resources and sustained competitive advantageJournal of Management, 17
-
F. Mosteller, J. Tukey (1977)
Data Analysis and Regression: A Second Course in Statistics -
A. Cairncross, J. Jewkes, D. Sawers, R. Stillerman (1958)
The Sources of Invention.The Economic History Review, 11
-
Henderson Henderson, Clark Clark (1990)
Architectural innovation: the reconfiguration of existing product technologies and the failure of established firmsAdministrative Science Quarterly, 35
-
R. Henderson, W. Mitchell (1997)
The Interactions of Organizational and Competitive Influences on Strategy and PerformanceStrategic Management Journal, 18
-
M. Tushman, Philip Anderson (1986)
Technological Discontinuities and Organizational EnvironmentsAdministrative Science Quarterly, 31
-
Henderson Henderson, Cockburn Cockburn (1994)
Measuring competence? Exploring firm effects in pharmaceutical researchStrategic Management Journal, 15
-
R. Rumelt (1991)
How much does industry matterStrategic Management Journal, 12
- Publisher
- Wiley
- Copyright
- Copyright © 2002 John Wiley & Sons, Ltd.
- ISSN
- 0143-2095
- eISSN
- 1097-0266
- DOI
- 10.1002/smj.216
- Publisher site
- See Article on Publisher Site
Abstract
This paper examines the variation in performance of incumbents and entrants following the deregulation of prices and entry in the airline industry. Our approach is similar to earlier studies of interfirm performance heterogeneity across industries. Drawing on theories of industry evolution, we hypothesize that the performance of entrants will have higher variance than incumbents. Further, given the opportunities offered by price deregulation, we propose that incumbents will have higher variance in performance under deregulation than in the earlier regime. The findings indicate that entrant performance heterogeneity is significantly greater than incumbent performance heterogeneity following deregulation, but that the variation in performance among incumbents does not significantly change when deregulation occurs. The second result is surprising given the range of service and process innovations that incumbents initiated. These results suggest that the distinction between entrants and incumbents is critical to future studies of performance variation within and across industries. Copyright © 2002 John Wiley & Sons, Ltd.
Journal
Strategic Management Journal – Wiley
Published: Feb 1, 2002