Abstract
What better explains firm profitability: Position within an industry or industry membership? Intra-industry performance heterogeneity indicates the importance of unique business strategies. Inter-industry performance heterogeneity indicates the importance of industry structure to firm performance. Both are important. Yet, it appears that firm position matters to performance heterogeneity more than industry membership. Recent work shows the importance of corporate ownership and nationality.
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Hoopes, D.G. (2018). Inter-and Intra-industry. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_727
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DOI: https://doi.org/10.1057/978-1-137-00772-8_727
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