Ownership Types and Strategic Groups

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1、JournalofManagementStudies41:7November20040022-2380OwnershipTypesandStrategicGroupsinanEmergingEconomy*MikeW.Peng,JustinTanandTonyW.TongTheOhioStateUniversity;CreightonUniversity;StateUniversityofNewYorkatBuffaloExistingstrategicgroupstudieshaverarely

2、examinedownershiptypeasavariabletoclassifyfirmsinanindustry.UsingChinesefirmsofdifferentownershiptypes,wesuggestthatownershiptypecanbeaparsimoniousandimportantvariablethatmanagersusetocognitivelyclassifyfirmsintodifferentstrategicgroups.Whileownershipitselfisano

3、bjectivevariable,wecontendthatdifferentownershiptypesleadtodifferentmanagerialoutlookandmentalityduetoanumberofmacroandmicrofoundationsgivingrisetovariousmanagerialcognitions.EmployingtheMilesandSnowtypology,wefindthatstate-ownedenterprises(SOEs)andprivately-o

4、wnedenterprises(POEs)tendtoadoptdefenderandprospectorstrategies,respectively,whilecollectively-ownedenterprises(COEs)andforeign-investedenterprises(FIEs)exhibitananalyserorientationthatfallsbetweendefendersandprospectorsonthestrategycontinuum.Threestatistical

5、testssuggestthatownershiptypescanbeusedtosuccessfullypredictstrategicgroupmembershipsinChina’semergingeconomy.INTRODUCTIONStrategicgrouphasbecomeanattractivemiddlegroundbetweenfirm-andindus-try-levelanalysesinstrategicmanagementresearch(seereviewsbyBognerandTh

6、omas,1993;McGeeandThomas,1986;ThomasandVenkatraman,1988).However,theconceptofstrategicgroup,looselydefinedasagroupoffirmswithinthesameindustrymakingsimilardecisionsinkeyareas(Porter,1980,p.129),hasattractedconsiderablecriticisms.BarneyandHoskisson(1990,p.187),i

7、naperhapsmoststronglywordedcritique,challengedresearcherstoempiricallydemonstrate:(1)that‘strategicgroupsexist’;and(2)that‘firmperformancedepends,atleastpartly,onwhichgroupafirmisin’.Failuretosatisfythesetwoconditions,accordingly,mayleadtoaconclusionthatstrateg

8、icgroupsdonotexist,Addressforreprints:MikeW.Peng,FisherCollegeofBusiness,TheOhioStateUniversity,2100NeilAvenue,Columbus,OH43210,USA(peng.51@osu.edu).©BlackwellPublishingLtd2004.Publishedb