Toward a general theory of competitive dominance: comments and extensions on Powell (2003)

Powell, Thomas C and Lloyd, Chris (2005) Toward a general theory of competitive dominance: comments and extensions on Powell (2003). Strategic Management Journal, 26 (4). pp. 385-394.

Abstract

In a recent paper, Powell (2003) studied 20-year performance in 21 industries, using an ordinal performance measure (‘wins’), and the Gini coefficient as a measure of competitive dominance. The findings suggest that firm performance is statistically indistinguishable from performance in non-business domains such as politics, games, sports, and pageants. This paper extends these findings, developing the statistical foundations for a general theory of competitive dominance. The paper presents a Gibrat-based null hypothesis, develops a decomposable index of competitive dominance, and suggests statistical procedures and empirical methods for future research.

Item Type: Article
Keywords: Competitive dominance; Likelihood ratio; Decomposition
Subject(s): Strategy; Entrepreneurship & Global business
Date Deposited: 22 Jan 2012 16:36
Last Modified: 22 Oct 2018 15:12
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/1933

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