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The impact of alternative operationalizations of industry structural elements on measures of performance for entrepreneurial manufacturing ventures

✍ Scribed by Kenneth C. Robinson; Patricia Phillips McDougall


Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
121 KB
Volume
19
Category
Article
ISSN
0143-2095

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✦ Synopsis


Using a sample of 115 manufacturing ventures, this study examined elements of industry structure which prior theory and research in the fields of industrial organization economics, strategic management, and entrepreneurship suggest are the most important structural characteristics of industries. Future researchers should carefully select the particular operationalization of industry structure as our research demonstrates that the influence of industry structural elements on measures of firm performance is strongly dependent upon the particular operationalization utilized. In addition, measures of industry structure were found to have a differential impact on alternative measures of firm performance, suggesting that different performance measures are not interchangeable proxies for one another.