Dynamic analysis of the strategic group membership-performance linkage under conditions of fundamental environmental transformations: The case of the Spanish private banks (1983-1997)

Jos‚ µngel Z£¤iga Vicente (), Juan Manuel de la Fuente Sabat‚ () and Isabel Su rez Gonz lez ()
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Jos‚ µngel Z£¤iga Vicente: Departamento de Administraci¢n y Econom¡a de la Empresa, Facultad de Econom¡a y Empresa, Universidad de Salamanca
Juan Manuel de la Fuente Sabat‚: Departamento de Econom¡a y Administraci¢n de Empresas, Facultad de Ciencias Econ¢micas y Empresariales, Universidad de Burgos
Isabel Su rez Gonz lez: Departamento de Administraci¢n y Econom¡a de la Empresa, Facultad de Econom¡a y Empresa, Universidad de Salamanca, http://web.usal.es/~isuarez/
Authors registered in the RePEc Author Service: Isabel Suarez-Gonzalez

No 2001-12, Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". from Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interuniversity Doctorate Program (with a quality mention of ANECA) “New trends in Business Administration”, Universities of Valladolid, Burgos, and Salamanca (Spain). Master en Investigación y Programa de Doctorado Interuniversitarios (con mención de calidad de la ANECA) en "Economía de la Empresa", Universidades de Valladolid, Burgos, Salamanca y León (España). Hasta 2008, Programa de Doctorado Interuniversitario (con mención de calidad de la ANECA) “Nuevas Tendencias en Dirección de Empresas”, Universidades de Valladolid, Burgos y Salamanca (España).

Abstract: The main focus of this study is to answer the following question: Do performance differences exist among strategic groups and are these differences stable over time in a population of firms which has undergone fundamental environmental changes? Two alternative theoretical approaches are provided to answer this question, namely, the Industrial Organization Theory (IOT) and the Resource-Based View of the Firm (RBVF). The empirical setting to test the proposed hypotheses is the Spanish private bank population which has experienced continuous and dramatic environmental shifts over the period 1983-1997. In this context, a new cluster technique is used to longitudinally identify strategic groups ?the MCLUST?. The results generally indicated that significant performance differences among strategic groups only existed in three years ?1991, 1992 and 1997? in all performance indicators used in this research (return on assets, return on equity, growth in share market, growth in assets and solvency), as the IOT states, but such differences did not exist in other years, as the RBVF predicts. These findings seem to be in line with the conclusions of more recent longitudinal and dynamic studies in this field which show consistent evidence to support both theoretical approaches. Therefore, in the light of these results, in future studies it may be necessary to consider both perspectives as complementary in order to explain properly the performance consequences of strategic group membership over time.

Keywords: strategic groups; performance differences; dynamic analysis; Spanish private banks; industrial organization theory; resource-based view; MCLUST. (search for similar items in EconPapers)
Date: 2001-12
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Published in Journal of Business Research, vol. 57, no. 11 pages 1378- with the title ?Dynamics of the strategic group-membership-performance linkage in rapidly changing environments?

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More papers in Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". from Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interuniversity Doctorate Program (with a quality mention of ANECA) “New trends in Business Administration”, Universities of Valladolid, Burgos, and Salamanca (Spain). Master en Investigación y Programa de Doctorado Interuniversitarios (con mención de calidad de la ANECA) en "Economía de la Empresa", Universidades de Valladolid, Burgos, Salamanca y León (España). Hasta 2008, Programa de Doctorado Interuniversitario (con mención de calidad de la ANECA) “Nuevas Tendencias en Dirección de Empresas”, Universidades de Valladolid, Burgos y Salamanca (España). Contact information at EDIRC.
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