Evidence on competitive advantage and superior stock market performance
نویسندگان
چکیده
منابع مشابه
Market orientation, competitive advantage, and performance: A demand-based perspective
Article history: Received 1 March 2008 Received in revised form 1 August 2008 Accepted 1 October 2008 This study assesses how customer value affects a firm's market orientation and consequently, competitive advantage and organizational performance in a service industry— the global hotel industry. The findings show that if a firm perceives its customers as valuing service, the firm is more likel...
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While the relationship between stock market return and oil price is of great interest to researchers, previous studies do not investigate stock market return with petrochemical products market. In this paper, we analyzed the relationship between prices of main petrochemical products and stock returns of petrochemical companies in Tehran stock exchange. Using a panel data model and GLS estimatio...
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Enterprise transformation is often triggered by financial performance deficiencies, i.e., anticipated or experienced transitions from superior performance to inferior performance. These deficiencies are due to a lack, or a loss, of competitive advantage. Transitioning back to superior performance usually requires that enterprises invest in regaining competitive advantage in one form or another....
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Competitive advantage is a key concept in strategic management research for a number of reasons—not the least of which is that an avowed consequence of its attainment is held to be superior economic performance. However, few prior empirical studies have directly and systematically documented the incidence or prevalence of persistent superior economic performance. The research reported here is b...
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ژورنال
عنوان ژورنال: Managerial and Decision Economics
سال: 2009
ISSN: 0143-6570
DOI: 10.1002/mde.1488