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| Author: | Hill, C. W. L. Deeds, D. L. |
| Title: | The importance of industry structure for the determination of firms profitability: a neo-austrian perspective |
| Journal: | Journal of Management Studies
1996 : JUL, VOL. 33:4, p. 429-451 |
| Index terms: | |
| Freeterms: | UNTERNEHMENSSTRATEGIE, BETRIEBSERFOLG, KONKURRENZ |
| Language: | eng |
| Abstract: | Most of the business policy literature follows Porter in arguing that industry structure has an important influence on firm level profit rates. The arguments contained in this paper take a counter position. It is argued that a plausible alternative to the hypothesis that industry structure matters is the hypothesis that (holding demand constant) individual firm differences are the most important determination of firm profitability. |
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