How Does Institutional Change Affect Heterogenity Among Firms ?  

Oleh:

Walker, Gordon ; Madsen, Tammy L. ; Carini, Gary

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 23 no. 2 (2002), page 89-104.
Topik: FIRM; firm heterogeneity; deregulation; airlines; entrant behaviour; capabilities

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

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 int he 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 incumbent sinitiated. These results suggest that the distinction between entrants and incumbents is critical to future studies of performance variation within and across industries.

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