Cointegration of Firm Strategies Within Groups : A Long Run - Analysis of Firm Behavior in The Japanese Steel Industry  

Oleh:

Nair, Anir ; Filer, Larry

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 24 no. 2 (2003), page 145-160.
Topik: FIRM; strategic groups; cointegration analysis; competitive dynamics

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.11 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper uses cointegration analysis to study the competitive interaction among firms within the integrated and minimill groups in the japanese steel industry. The use of cointegration analysis overcomes some of the limitations associated with prior attempts at modelling firm behaviour within groups and allow us to model strategies that take considerable time to adjust. Results indicate that several strategies displayed slow adjustment characteristics. All of the strategies that displayed these properties were contegrated within the group. Finally, over the long run, the rate of strategic response to "shocks" in the system varied across members and strategies : some converged, while others diverged from the group relationship. We concude by discussing the relevance of our findings to research on strategic groups and competitive dynamics and illustrates the use of cointegration analyses to study the competitive behaviour of firms.

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