Industry-versus firm-specific effects on performance: Contrasting SMEs and large-sized firms

Caloghirou, Y; Protogerou, A; Spanos, Y; Papagiannakis, L

dc.contributor.author	Caloghirou, Y	en
dc.contributor.author	Protogerou, A	en
dc.contributor.author	Spanos, Y	en
dc.contributor.author	Papagiannakis, L	en
dc.date.accessioned	2014-03-01T01:20:37Z
dc.date.available	2014-03-01T01:20:37Z
dc.date.issued	2004	en
dc.identifier.issn	02632373	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/15991
dc.subject	Firm profitability	en
dc.subject	Firm size	en
dc.subject	Firm-specific effects	en
dc.subject	Industry effects	en
dc.title	Industry-versus firm-specific effects on performance: Contrasting SMEs and large-sized firms	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.emj.2004.01.017	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.emj.2004.01.017	en
heal.publicationDate	2004	en
heal.abstract	The present study contrasts the impact of industry- and firm-specific factors on the profitability of business firms using survey and census data on a sample of Greek manufacturing firms. Industry effects are represented using industry concentration, product differentiation, and stage of life cycle. Firm 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 firm factors exert a much stronger impact than industry, in both SMEs and large enterprises. The results also offer important insights on the differential impact of specific determinants of profitability between SMEs and large firms. © 2004 Published by Elsevier Ltd.	en
heal.journalName	European Management Journal	en
dc.identifier.doi	10.1016/j.emj.2004.01.017	en
dc.identifier.volume	22	en
dc.identifier.issue	2	en
dc.identifier.spage	231	en
dc.identifier.epage	243	en