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Author:Caloghirou, Y. (et al.)
Title:Industry- versus firm-specific effects on performance: Contrasting SMEs and large-sized firms
Journal:European Management Journal
2004 : APR, VOL. 22:2, p. 231-243
Index terms:Industries
Manufacturing
Companies
Small business
Performance measurement
Profitability
Greece
Freeterms:SME
Language:eng
Abstract:The present study contrasts the impact of industry- (here as: ind.) and firm- (here as: f.) -specific factors on the profitability of business firms (here as: fs.) using survey and census data on a sample of Greek manufacturing fs. Ind. effects are represented using ind. concentration, product differentiation, and stage of life cycle. F. factors include assets and dynamic capabilities. These assets are related to marketing, production, technology, and finance. While dynamic capabilities are related to the managerial processes of coordination/integration, learning, and the capacity to change. The results obtained provide strong evidence that f. factors exert a much stronger impact than ind. ones, in both small and medium/sized enterprises (SMEs) and large enterprises. The results also offer important insights on the differential impact of specific determinants of profitability btw. SMEs and large fs.
SCIMA record nr: 255096
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