QUT ePrints

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.

Abstract

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 countsare sourced monthly from Scopus and Web of Science® 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 the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

355 since deposited on 03 Dec 2008
68 in the past twelve months

Full-text downloadsdisplays 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.

ID Code: 16174
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 13:57
Last Modified: 29 Oct 2011 05:44

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page