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Firm profitability and relative firm power

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  • Craig S. Galbraith
  • Curt H. Stiles

Abstract

This paper expands the notion of extended rivalry as cross‐industry relations within the chain of production and distribution, and argues that firm power resides in the exclusivity and essentiality of the firm's function in the chain. A cross‐section of U.S. manufacturing firms representing components for finished goods, capital goods, and supplies or consumable products is examined. The analysis of the three industry groups by simultaneous equation estimation provides general support for the hypothesis that firm power, as expressed in inter‐industry transactions, and industry structure, is associated with firm profitability.

Suggested Citation

  • Craig S. Galbraith & Curt H. Stiles, 1983. "Firm profitability and relative firm power," Strategic Management Journal, Wiley Blackwell, vol. 4(3), pages 237-249, July.
    • Handle: RePEc:bla:stratm:v:4:y:1983:i:3:p:237-249
    DOI: 10.1002/smj.4250040305
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    Cited by:

    1. Lee, Jooh & Kwon, He-Boong, 2017. "Progressive performance modeling for the strategic determinants of market value in the high-tech oriented SMEs," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 91-102.
    2. Elisabet Garrido & Claudio Giachetti & Juan P. Maicas, 2023. "Navigating windows of opportunity: The role of international experience," Strategic Management Journal, Wiley Blackwell, vol. 44(8), pages 1911-1938, August.
    3. Jeremy J. Kovach & Morgan Swink & Mauricio Rodriguez, 2023. "Delaying supplier payments to increase buyer profits," Journal of Supply Chain Management, Institute for Supply Management, vol. 59(1), pages 26-47, January.
    4. Isaac Elking & John-Patrick Paraskevas & Curtis Grimm & Thomas Corsi & Adams Steven, 2017. "Financial Dependence, Lean Inventory Strategy, and Firm Performance," Journal of Supply Chain Management, Institute for Supply Management, vol. 53(2), pages 22-38, April.
    5. Mukti Khaire, 2010. "Young and No Money? Never Mind: The Material Impact of Social Resources on New Venture Growth," Organization Science, INFORMS, vol. 21(1), pages 168-185, February.
    6. Tang, Zhi & Tang, Jintong, 2012. "Stakeholder–firm power difference, stakeholders' CSR orientation, and SMEs' environmental performance in China," Journal of Business Venturing, Elsevier, vol. 27(4), pages 436-455.
    7. Wei Yu & Ying Zheng, 2020. "The disclosure of corporate social responsibility reports and sales performance in China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(2), pages 1239-1270, June.
    8. Wenjin Hu & Keith Skowronski & Yan Dong & Yongyi Shou, 2023. "Mergers and acquisitions in supply bases," Production and Operations Management, Production and Operations Management Society, vol. 32(4), pages 1059-1078, April.

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