The Competitive Advantage Period and the Industry Advantage Period
  • Published Year: 2008
  • Page count: 186
  • File Size: 941 KB
  • Language: English
  • Published by: Gabler
  • Visited by: 134
  • Rating/Review: 3.8
  • ISBN: 9783834911384
    3834911380

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The Competitive Advantage Period and the Industry Advantage Period

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Beginner Unordered English
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Competitive advantages and superior performance can be interpreted as two sides of the same coin. With respect to management research, the first is mainly driven by strategic management whereas the second is a focal point in financial management. At the same time, industrial organization economics highlights the importance of industry characteristics to explain profit differences. Thomas Fritz presents a comprehensive review of empirical research on the creation of superior economic performance. He quantifies the competitive advantage period (CAP) and the industry advantage periods (IAP) and determines the concrete sustainability of significant intra- and inter-industry performance differences.

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