The importance of industry structure for the determination of firm profitability: a neo-Austrian perspective

Article Abstract:

This paper is concerned with exploring the degree to which industry structure determines firm performance. 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 determinant of firm profitability. (Reprinted by permission of the publisher.)

Research, Performance, Profits, Industrial organization, Corporate profits

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Ownership Types and Strategic Groups in an Emerging Economy

Article Abstract:

Research on Chinese corporations shows how type of ownership influences the way in which managers classify companies into various strategic groups. Privately-owned and state-owned enterprises tend toward prospector and defender strategies respectively. Foreign-invested and collectively-owned enterprises tend toward an analyzer position between prospector and defender.

China, Influence, Comparative analysis, Organizational structure

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Schumpeterian dynamics versus Williamsonian considerations: a test of export intermediary performance

Article Abstract:

Two theories of export intermediary performance are evaluated. The authors examine the intermediaries performances from Austrian and transaction cost perspectives, concluding the two theories compliment each other when linking domestic producers with foreign customers, but neither provides a full picture.

World, Intnl Marketing, Exports, Foreign sales corporations, Export marketing

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