Cointegration relationships of strategy variables among firms within strategic groups

Shun Jen Hsueh, Hsin Hong Kang

研究成果: Article同行評審

2 引文 斯高帕斯(Scopus)


This study examines the long-term, dynamic equilibrium relationship for strategy variables of firms in strategic groups by conducting a cointegration analysis. Replicating the Nair and Filer (Strateg. Manage. J., 24: 145-159, 2003) methodology and extending it to four industries listed on the Taiwan Stock Exchange, we find that not all of non-stationary strategy variables have the cointegration relationships, and that only the strategy variables of strategic groups in our traditional industries (as compared to our high-tech industries) should have a long-term competitive equilibrium (cointegration relationship). In other words, we can proceed with an error correction model in some traditional industries to map out the relative positions of rival firm strategies and subsequently implement appropriate reactions.

頁(從 - 到)61-73
期刊Asia Pacific Journal of Management
出版狀態Published - 2007 3月

All Science Journal Classification (ASJC) codes

  • 商業與國際管理
  • 經濟學、計量經濟學和金融學(雜項)
  • 策略與管理


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