Temporal and Contextual Change in the Measurement Structure of Financial Performance: Implications for Strategy Research
通过纵向单因子模型，发现会计和市场指标对财务绩效的测量结构在稳定与不稳定时期、相关多元化与无关多元化企业间存在差异，提示战略研究中的元分析应纳入情境因素，并为研究者选择绩效指标提供参考。
This study empirically examines the extent to which the measurement structure of accountingand market-based indicators converge on a financial performance construct by time period and by diversification strategy. In a longitudinal, single-factor model offinancial performance, it wasfound that the relationship of these two types offinancial performance measures changed in periods of stability versus instability andfor related diversifiers versus unrelated diversifiers. It is suggested that meta-analytic studies in strategy research may be able to incorporate situational factors in order to obtain more valid findings. In addition, implications for researchers selecting performance measures for current studies are discussed.