The association between industry-level discretion and strategic variety: long-term strategic positions and current behaviours
Keegan, John Michael (2006) The association between industry-level discretion and strategic variety: long-term strategic positions and current behaviours. PhD thesis, Queensland University of Technology.
Executive discretion, the latitude for executives strategic decisions, is a powerful moderator of strategic decision making. In spite of its potential contribution to strategic management studies, Hambrick and Finkelstein's (1987) socio-political model of executive discretion has received little empirical research effort. Some of the basic propositions of the model, which incorporates industry, firm and individual characteristics as determinants of discretion have not been empirically tested. The restricted research effort is partly attributable to the lack of quantitative measures for industry-level discretion.
This thesis initially uses the correlation between industry-level attentional homogeneity, the similarity in foci of attention of executives in an industry, and industry-level discretion to produce 116 new values for industry-level discretion for 23 U.S. 4-digit SIC coded industries for the years 1990 to1997. Predictive validity for the new values is demonstrated using long-term debt data and annual accounts adjustment data.
Theil's (1992b) industry variety measure based on information theory is modified to produce strategic variety measures that permit pan-industry comparisons. Strong support is demonstrated for a positive association between variety in long-term strategic positions and industry-level discretion. Some weak evidence suggesting large firms in low discretion industries may compete using behaviours that impact on current accounts is also identified.
Impact and interest:
Citation counts are sourced monthly from and citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.
|Item Type:||QUT Thesis (PhD)|
|Supervisor:||Kabanoff, Boris & Donohue, Kerry|
|Keywords:||industry-level discretion, strategic variety, information theory|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
|Department:||Faculty of Business|
|Institution:||Queensland University of Technology|
|Copyright Owner:||Copyright John Michael Keegan|
|Deposited On:||03 Dec 2008 03:57|
|Last Modified:||28 Oct 2011 19:44|
Repository Staff Only: item control page