Universität zu Köln

Powell, Thomas C. ORCID: 0000-0002-8471-8436 and Reinhardt, Ingo (2010). RANK FRICTION: AN ORDINAL APPROACH TO PERSISTENT PROFITABILITY. Strateg. Manage. J., 31 (11). S. 1244 - 1256. HOBOKEN: WILEY. ISSN 1097-0266

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Abstract

We present an ordinal method for studying persistence in firm profitability. The method is based on the degree of stability in a ranked performance distribution over time. The method gives a numerical index of rank friction (Rf) that can be applied to any ranked data over any period of time. Rf is nonparametric and can be used to test theoretical assumptions in strategic management. We illustrate the method in an empirical study of 40 years of profit data in 12 industries. Copyright (C) 2010 John Wiley & Sons, Ltd.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Powell, Thomas C. UNSPECIFIED orcid.org/0000-0002-8471-8436 UNSPECIFIED Reinhardt, Ingo UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-494017
DOI:	10.1002/smj.871
Journal or Publication Title:	Strateg. Manage. J.
Volume:	31
Number:	11
Page Range:	S. 1244 - 1256
Date:	2010
Publisher:	WILEY
Place of Publication:	HOBOKEN
ISSN:	1097-0266
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language SPEARMANS FOOTRULE; BUSINESS PERFORMANCE; INDUSTRY; PROFITS; CORPORATE Multiple languages Business; Management Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/49401