Temporal and Contextual Change in the Measurement Structure of Financial Performance: Implications for Strategy Research
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CONTRIBUTORS:
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JOURNAL:
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YEAR:
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1990
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PUB TYPE:
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Journal Article
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SUBJECT(S):
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None
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DISCIPLINE:
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No discipline assigned
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HTTP:
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LANGUAGE:
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English
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PUB ID:
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103-370-500
(Last edited on
2002/02/27 18:45:15 US/Mountain)
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SPONSOR(S):
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ABSTRACT:
This study empirically examines the extent to which the measurement structure of accounting- and market-based indicators converge on a financial performance construct by time period and by diversification strategy. In a longitudinal, single-factor model of financial performance, it was found that the relationship of these two types of financial performance measures changed in periods of stability versus instability and for related diversifiers versus unrelated diversifiers. It is suggested that meta-analytic studies in strategy research may be able to incorporate situational factors in order to obtain more valid findings. In addition, implications for researchers selecting performance measures for current studies are discussed.
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STATISTICS
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