Portfolio Decision Model based on the Strategic Adjustment Capacity

• 발행기관: 한국유통과학회
• 저자명: Chao Mao Shou Chen Duan Liu
• 간행물 정보: 『유통과학연구(JDS)』제13권 제1호, 7~18쪽, 전체 12쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2015.01.01

영문 초록

Purpose – This study integrates a corporate competition system with a bird predation system to examine how organizational strategic adjustment capacity influences firm performance. By proving the prominent effects on performance, a financial vector is constructed to represent corporate strategic adjustment results, and an operation capacity vector is constructed, which can be categorized as a parameter for locating birds. All these works help us to propose a new method of investment, the portfolio decision model based on the strategic adjustment capacity. Research design, data, and methodology – Strategic adjustment capacity can be decomposed into three aspects: the organizational learning capacity from the top firms, the extent to which firms maintainor rely on the best operational capacity vector in history, and the ability to eliminate the disadvantages or retain the advantages of the operation capacity vector from the previous year. The method of solving cyclic equations is designed to evaluate strategic adjustment. Firms manufacturing specialized equipment are chosen to test the effects of the strategic adjustment capacity on three aspects of firm performance. Results – There is a positive correlation between the capacity to learn from the best firms and performance improvement. The relationship between the dependence or maintenance of a firm’s advantages and performance improvement is a U-shape curve, and there is no significant effect of inertial control on performance improvement. Conclusions – A firm’s competition system is a sophisticated adaptation, and competitive advantage and performance can be investigated based on the principles of competition in nature.

목차

Abstract

1. Introduction

2. Methodology

3. Empirical Results

4. Portfolio decision model based on the strategic adjustment capacity

5. Conclusions

References

키워드

Bird Predation Operation Capability Performance Improvement Strategic Adjustment Portfolio Decision Model