Corporate effects and dynamic managerial capabilities
Corporate effects and dynamic managerial capabilities
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DOI：
10.1002/smj.331
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发表时间：
2003-10-01
影响因子：
8.3
通讯作者：
Helfat, CE
中科院分区：
文献类型：
--
作者：
Adner, R;Helfat, CE
方差分解中的企业效应捕捉了企业绩效的异质性，这些异质性来自企业内部的因素。对公司影响的大多数估计不包括与收益随时间波动有关的影响，除非波动影响到有关时期的平均公司收益。排除企业效应的时变维度，就很难充分理解企业战略的影响和企业管理者的行为，特别是在应对不断变化的环境时。本文中的证据表明，在一个单一的行业，管理者面临着相同的外部环境，随时间变化的企业效应与企业层面的管理决策是统计显着的。我们引入了动态管理能力的概念，以支持在不断变化的外部条件下，在管理决策和企业绩效的异质性的发现。版权所有（C）2003约翰威利父子有限公司。
Corporate effects in variance decomposition capture heterogeneity of business performance derived from factors internal to firms at the corporate level. Most estimates of corporate effects do not include effects associated with fluctuations in returns over time, except insofar as the fluctuations affect the average corporate return for the time period in question. Exclusion of the time-varying dimension of the corporate effect makes it difficult to fully understand the effect of corporate strategy and the actions of corporate managers, particularly in response to a changing environment. The evidence in this article shows that within a single industry, where managers face the same external environment, time-varying corporate effects associated with corporate level managerial decisions are statistically significant. We introduce the concept of dynamic managerial capabilities to underpin the finding of heterogeneity in managerial decisions and,firm performance in the face of changing external conditions. Copyright (C) 2003 John Wiley Sons, Ltd.