Industry-Versus Firm-specific Effects on Performance:

Caloghirou, Yiannis; Πρωτόγερου, Αιμιλία; Spanos, Yiannis E.; Papagiannakis, L.

doi:10.1016/j.emj.2004.01.017

Cited by 99 publications

(82 citation statements)

References 25 publications

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“…This observation resembles the lively debate on industry effects of the industrial organisation view versus firm-specific effects or production (RBT) as determinants of firm growth and performance variance (Caloghirou et al, 2004;Goddard, Tavakoli & Wilson, 2009;Hansen & Wernerfelt, 1989). It seems at first glance that 'success' in SME growth and performance lies at the intersection of the dominant themes of 'capital' (social or network, managerial, entrepreneurial, knowledge, financial, resources) and 'market' (strategy, orientation, technology and innovation, products and services, quality, competitiveness).…”

Section: Conceptsmentioning

confidence: 99%

“…Chandler (1990) also held that SMEs have better growth prospects in labour intensive industries or when they are able to provide niches with specialised offerings not served by mass producers. Large firms cannot exploit all opportunities in growth markets that present niche opportunities to SMEs (Caloghirou, Protogerou, Spanos & Papagiannakis, 2004;Penrose, 1959). The size of these niches relative to the overall market as well as the specialised nature of the differentiated service or product coupled with the structure and resources required to deliver it may therefore require the SME to remain relative small and hence may impede the growth prospects of the SME.…”

Section: Niche Marketsmentioning

confidence: 99%

“…Two additional measures were created for supplementary analyses of relationships in Study Three to heed the call by Coad (2007) and Davidsson et al (2009) for examining growth and performance separately to allow for a more nuanced and sounder interpretation. These measures account for any potential differences between effectiveness (sales growth and range of product or service growth), reflecting pure growth measures, as well as efficiency (profitability and productivity growth), reflecting performance indicators (Caloghirou et al, 2004;Mansury & Love 2008) (See Figure 4.2 in Study Three). Study Four adopts an even broader measurement approach (see, e.g.…”

Section: Sme Growth and Performance Conceptualizationsmentioning

confidence: 99%

“…It also provides an appropriate measure for capturing most dimensions of the multidimensional dependent variables researched in this thesis. Studies Two and Three use a composite index measuring both SME growth or effectiveness (product and sales growth) as well as SME performance or efficiency (productivity and profitability) (Caloghirou et al, 2004;Mansury & Love, 2008;Subramanian & Nilakanta, 1996). Study Four adopts a weighted average performance index that combines 11 financial (importance and satisfaction) measures related to customer satisfaction, market share, growth and profit.…”

Section: Sme Performancementioning

confidence: 99%

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SME performance: the role of networking, innovation breadth, and business model design

Gronum¹

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Because small and medium-sized enterprises (SMEs) are pivotal to the health and vibrancy of economies, it is crucial for researchers to understand the factors that significantly underlie SME performance. Two of the most widely identified antecedents to SME performance are innovation and networking. However, despite widespread attention, the theoretical and empirical status of the relationships between innovation, networks and SME performance remain uncertain. Some researchers note that claims regarding a direct positive relationship between innovation and networks with performance fail to adequately account for the variables that mediate this relationship.In contrast, while much research has been undertaken into the performance benefits of innovation and networks, the exponential increase in the number of publications heralding the performance benefits of business model design and business model innovation received very scant empirical support, almost non-existent for SMEs. Business model design is seen as a powerful mechanism for unlocking and enhancing the value of business processes, including innovation.Empirical evidence presented in this thesis tangibly supports this assertion and thus creates a more solid foundation for future development of the business model view of the firm.The purpose of this thesis, comprising four studies, is to theorise and research the nature of the relationship between innovation breadth, networks and business model design with SME performance. The central research question of this thesis asks: How do innovation breadth, networks and business model design relate to SME performance?Study One systematically reviews a large sample of SME growth and performance literature to identify and interpret emergent concepts, themes, trends and gaps. Study One backgrounds the three empirical studies that that follow to argue, using Resource-Based Theory, that the resources required for developing competitive advantage are both physical and intangible; of the two, intangible resources have the greatest strategic potential. In other words, the thesis finds that SMEs lacking physical resources could develop more sustainable competitive advantage by relying more heavily on leveraging path dependent, socially complex, and causally ambiguous intangible resources. Social capital and technological competence, associated with networks and innovation, represent highly desired intangible resources. Business model design organises these resources to create value for the customer. Therefore, innovation across the elements of the business model when designing or reconfiguring the SME's business model acts as dynamic capabilities that enhance SME performance.iii The systematic literature review is followed by three empirical studies that use longitudinal and cross-sectional datasets of Australian SMEs. Study Two introduces the concept of innovation breadth, as the number of distinct types of innovation that firms use, or their innovation diversity, and examines the linearity and temporality of its re...

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Section: Conceptsmentioning

confidence: 99%

Section: Niche Marketsmentioning

confidence: 99%

Section: Sme Growth and Performance Conceptualizationsmentioning

confidence: 99%

Section: Sme Performancementioning

confidence: 99%

See 2 more Smart Citations

SME performance: the role of networking, innovation breadth, and business model design

Gronum¹

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“…In other studies, various other indicators were observed. Sector impacts, sector concentration, product differentiation and stage of life cycle (Caloghirou, Protogerou, Spanos, & Papagiannakis, 2004); ownership structures, size, degrees of diversification and geographical location (Guerrini, Romano, & Campedelli, 2011); country effects (Goldszmidt, Brito, & de Vasconcelos, 2011); differences of government, trade policies, technology levels, internal competition and culture (Ketelhöhn & Quintanilla, 2012); firm strategy and the industry structure (Karabag & Berggren, 2014); market power and more efficient operation (Canarella, Miller, & Nourayi, 2013); lagged profitability, growth, productivity, firm age and industry affiliation (Yazdanfar, 2013) were used as indicators to explain the relationship with corporate profitability.…”

Section: The Relationship Between Profitability and Macroeconomic Indmentioning

confidence: 99%

The Relationship between Corporate Profitability and Macroeconomic Indicators: Evidence from 500 Largest Industrial Organizations in Turkey

Tuncay

Cengiz

2017

IBR

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The purpose of this study is to examine the impact of chosen macroeconomic indicators on industrial corporate performance. In the analysis, economic profitability ratios of Turkey's top 500 industrial firms, which represent the Turkish economy, have been used to estimate performance. In order to determine the effects of macroeconomic indicators, panel data with a non-linear instrumental variables estimator, Arellano Bond generalized methodology of moments (GMM) was used between the period of 2002 and 2012. As a result of the analysis, gross domestic product, inflation rate, the rate of domestic debt interest payments to the net new borrowing and the rate of domestic debt interest payments to total income tax have a direct relationship with corporate performance. On the other hand, exchange rate, interest rate and the rate of short term foreign debts to central bank international reserves have an inverse relationship.

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The Role of Organizational Capabilities Towards Firm Performance in Disruptive Environment

Enggarsyah,

Musa

2024

Eurasian Studies in Business and Economics

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Industry-Versus Firm-specific Effects on Performance:

Cited by 99 publications

References 25 publications

SME performance: the role of networking, innovation breadth, and business model design

SME performance: the role of networking, innovation breadth, and business model design

The Relationship between Corporate Profitability and Macroeconomic Indicators: Evidence from 500 Largest Industrial Organizations in Turkey

The Role of Organizational Capabilities Towards Firm Performance in Disruptive Environment

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