The Effects of Competitive Environment and Strategic Factors on US Firm Performance Before and After the Global Financial Crisis

Dias, Alexandre Teixeira; Rossi, Flávia Silva Monteiro; Silva, Jersone Tasso Moreira; Camargos, Marcos Antônio de; De-Carvalho, Julia Pinto

doi:10.1080/10978526.2019.1676648

Cited by 8 publications

(4 citation statements)

References 65 publications

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“…Our sample is composed of 6,257 companies from 55 countries with information available in the Thomson Reuters Eikon® database, in a period of 10 years (2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016)(2017)(2018). This time frame was chosen because after the 2008 global financial crisis; companies began to pay greater attention to other stakeholders, including environmental issues in their strategies (Dias et al, 2020). When data were collected, the most recent period was 2018.…”

Section: Methodsmentioning

confidence: 99%

When in Rome, do as the Romans do: the effect of characteristics of capitalism on environmental performance

Pinheiro,

Oliveira,

Lozano

2023

IJPPM

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PurposeThe purpose of this research is to investigate the effect of characteristics of capitalism on environmental performance.Design/methodology/approachThe authors analyzed a sample of 6,257 companies, based in 55 countries and 8 typologies of capitalism. The independent variables are the characteristics of capitalism, measured through five indicators: cooperation between employees and employers, index of economic freedom, local competition between industries, human development index (HDI) and quality of the governance environment. To measure environmental performance, the authors created an index composed of 20 indicators. Data were analyzed using panel data regression and dynamic panel of the generalized method of moments.FindingsThe results indicate that the characteristics of capitalism can shape the environmental behavior of companies. The authors find that in countries with better cooperation between employees and employers, more economic freedom, and competition between firms, in addition to better HDI and national governance, companies have higher environmental performance. When they are in more developed countries, companies have a greater environmental performance.Practical implicationsManagers must consider the country's characteristics of capitalism when making their environmental decisions and strategies. The findings invite governments to incorporate into their regulations mechanisms to protect other interest groups, not just shareholders.Originality/valueFew studies have examined environmental performance, which is less susceptible to greenwashing. The metric for environmental performance measures the company's concrete effort in relation to environmental issues and not just the disclosure of information. Additionally, the authors examine characteristics of capitalism supported by Varieties of Capitalism, an approach still little explored in the environmental management.

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Section: Methodsmentioning

confidence: 99%

When in Rome, do as the Romans do: the effect of characteristics of capitalism on environmental performance

Pinheiro,

Oliveira,

Lozano

2023

IJPPM

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“…Distinct from the above two literatures, the work on market structure focus on market forces and dynamics, concerning whether competition incentivizes or discourages innovation. Despite abundant evidence from empirical studies, the shape and significance of this relationship and the direction of causality are inconclusive (De Elejalde et al, 2019;Dias et al, 2020;Lee, 2005;Shapiro, 2011). Table 2 summarizes and compares the above theories.…”

Section: Innovation Under Global and Local Inter-firm Power Dynamics 1global Buyer-supplier Relationship And Innovation: Supply Chain Manmentioning

confidence: 99%

Global Supply Chain Relationship, Local Market Competition, and Suppliers’ Innovation in Developing Economies

Lei

Atallah

Sun

2021

Technological and Economic Development of Economy

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This article examines how suppliers’ innovation in developing countries is affected by the interaction of vertical global supply chain relationships and horizontal market competition structure. We devised a bidirectional dynamic game model consisting of competing suppliers in a developing economy and an overseas buyer in a developed economy for innovation decision process in a suppliers cluster. Our research shows that global supply chain relationship is the primary factor to influence local cluster innovation and profit. Total innovation of the cluster is proved to be greater in global supply relationship with a powerful buyer than a non-powerful buyer. However, suppliers in a powerful buyer chain are not able to capture the value they created from innovation. Local competition structure plays its secondary role on cluster innovation through interaction with vertical chain relationship. Based on prior innovation research on either vertical supply chain power dynamics or horizontal competition intenseness, our study contributes as the first to employ a theoretical suppliers’ innovation model for an integrative analysis encompassing both global and local power dynamics.

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“…Thus, competitive advantage is built through the interaction between internal and environmental factors (Ringov, 2017), and firms are considered effective and competitive when they manage to create superior value to their competitors (Ghemawat and Rivkin, 1998), in terms of growth and profitability (Ştefan and Coca, 2011; Brito and Brito, 2014). The possibility of combining profitability and growth strategies to achieve a better competitive position means that there must be a balance between them (Dias et al. , 2019a, b).…”

Section: Introductionmentioning

confidence: 99%

Genetic algorithm modeling of European Union firms' competitive advantage

Dias

Martins

Santos

et al. 2023

EJMBE

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PurposeThis research aims to identify the optimal configuration of investment which leads firms to their best competitive positions, considering the degree of concentration in the market.Design/methodology/approachThe methodology was quantitative and based on secondary data with samples of 124, 106 and 90 firms from competitive environment classified as perfect competition, monopolistic competition and oligopoly, respectively. Proposed models' parameters were estimated by means of genetic algorithms.FindingsAdjustments on firm's investment are contingent on the degree of competition they face. Results are in line with existing academic research affirmation that the purpose of investments is to create and exploit opportunities for positive economic rents and that investments allow firms to protect from rivals' competitive actions and reinforce the need for investment decision makers to consider the environment in which the firm is competing, when defining the amount of investment that must be done to achieve and maintain a favorable competitive advantage position.Originality/valueThis research brings two main original contributions. The first one is the identification of the optimal amount of capital and R&D investments which leads firms to their best competitive positions, contingent to the degree of concentration of the competitive environment in which they operate, and the size of the firm. The second one is related to the use of genetic algorithms to estimate optimization models that considers the three competitive environments studied (perfect competition, monopolistic competition and oligopoly) and the investment variables in the linear and quadratic forms.

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The Effects of Competitive Environment and Strategic Factors on US Firm Performance Before and After the Global Financial Crisis

Cited by 8 publications

References 65 publications

When in Rome, do as the Romans do: the effect of characteristics of capitalism on environmental performance

When in Rome, do as the Romans do: the effect of characteristics of capitalism on environmental performance

Global Supply Chain Relationship, Local Market Competition, and Suppliers’ Innovation in Developing Economies

Genetic algorithm modeling of European Union firms' competitive advantage

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