Do stable strategic time periods exist? Towards new methodological and theoretical insights
✍ Scribed by Juan Manuel de la Fuente-Sabaté; Julio Rodríguez-Puerta; José David Vicente-Lorente; José Angel Zúñiga-Vicente
- Book ID
- 102499957
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 153 KB
- Volume
- 28
- Category
- Article
- ISSN
- 0143-6570
- DOI
- 10.1002/mde.1319
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✦ Synopsis
Abstract
This paper investigates a fundamental issue in the current research on strategic groups: the existence or non‐existence of the so‐called ‘stable strategic time periods’ (SSTPs). Our study provides new evidence by adding new methodological and theoretical insights. The research setting is the Spanish banking industry over a 15‐year period, 1983–1997. Unlike all prior longitudinal research that found SSTPs, the multi‐method procedure that we used in this study (i.e. equality of variance and covariance matrix and mean vector of strategic variables and a subsequent grouping analysis performed through the MCLUST) has led us to reject the existence of SSTPs in the industry under study. Based on these original findings, we conclude by suggesting a proposition which should be corroborated in future empirical studies on strategic groups. Copyright © 2007 John Wiley & Sons, Ltd.