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| Author: | Arend, R.J. |
| Title: | Patterns of sustained performance: beginnings, paths and ends |
| Journal: | European Management Journal
2010 : JUN, VOL. 28:3, p. 236-249 |
| Index terms: | USA financial markets company performance competitive advantage |
| Freeterms: | competitive disadvantage |
| Language: | eng |
| Abstract: | Using the U.S. financial market data from Center for Research on Security Prices (CRSP) database from 1995 to 2004 and the Capital Asset Pricing Model (CAPM) model to firm comparison, this study assesses the origins, paths and destinations of extreme firm performance. Among others, it is found that firms which will experience a run of persistent superiour/inferiour performance are likely to start at a position of inferiour/superiour performance, with fairly linear runs of sustained performance. Overall, the results show that there are many important and distinct types of extreme performance requiring for further research. |
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