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Assessment of statistical power in contemporary strategy research

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  • A. Magid M. Mazen
  • Masoud Hemmasi
  • Mary Frances Lewis

Abstract

The concept of statistical power was reviewed, and the power of 44 recently published empirical studies in strategic management was analyzed. Using small, medium, and large estimates of effect size, standardized 0.05 α, and assuming nondirectional nulls, the mean power figures were 0.23, 0.59, and 0.83 for the three levels, respectively. These results were generally similar to findings in other social sciences and were considered particularly important for strategic management research, given the correlational nature of many strategic management investigations and the complexity and evolving stage of the field which make small effect size more likely. Ways to improve statistical power in strategic management research were discussed.

Suggested Citation

  • A. Magid M. Mazen & Masoud Hemmasi & Mary Frances Lewis, 1987. "Assessment of statistical power in contemporary strategy research," Strategic Management Journal, Wiley Blackwell, vol. 8(4), pages 403-410, July.
    • Handle: RePEc:bla:stratm:v:8:y:1987:i:4:p:403-410
    DOI: 10.1002/smj.4250080410
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    1. James J. Chrisman & W.E. McMullan & J. Kirk Ring & Daniel T. Holt, 2012. "Purpose – The purpose of this paper is to apply the theory of guided preparation to investigate the relative impact of outside counseling assistance and entrepreneurship courses on new venture creatio," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing, vol. 1(4), pages 63-83, April.
    2. Brian L. Connelly & R.D. Ireland & Christopher R. Reutzel & Joseph E. Coombs, 2010. "The Power and Effects of Entrepreneurship Research," Entrepreneurship Theory and Practice, , vol. 34(1), pages 131-149, January.
    3. Kraiczy, Nils D. & Hack, Andreas & Kellermanns, Franz W., 2014. "New product portfolio performance in family firms," Journal of Business Research, Elsevier, vol. 67(6), pages 1065-1073.
    4. Alfredo De Massis & Kimberly A. Eddleston & Paola Rovelli, 2021. "Entrepreneurial by Design: How Organizational Design Affects Family and Non‐family Firms’ Opportunity Exploitation," Journal of Management Studies, Wiley Blackwell, vol. 58(1), pages 27-62, January.

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