IDEAS home Printed from https://ideas.repec.org/a/bla/stratm/v8y1987i6p549-563.html
   My bibliography  Save this article

Financial returns and strategic interaction: The case of instant photography

Author

Listed:
  • Richard A. Bettis
  • David Weeks

Abstract

The purpose of this paper is to examine the use of shareholder returns to study the impact of complex strategic interactions that involve a sequence of moves by competing firms. The paper seeks to begin to build a bridge between the capital asset pricing model of modern financial theory and competitive strategy. Competition in instant photography is used as an example. Results demonstrate how shareholder returns and changes in market risk (β) can be associated with both overall strategies and specific competitive moves.

Suggested Citation

  • Richard A. Bettis & David Weeks, 1987. "Financial returns and strategic interaction: The case of instant photography," Strategic Management Journal, Wiley Blackwell, vol. 8(6), pages 549-563, November.
    • Handle: RePEc:bla:stratm:v:8:y:1987:i:6:p:549-563
    DOI: 10.1002/smj.4250080605
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/smj.4250080605
    Download Restriction: no
    File URL: https://libkey.io/10.1002/smj.4250080605?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zucchini, Leon & Kretschmer, Tobias, 2011. "Competitive Pressure: Competitive Dynamics as Reactions to Multiple Rivals," Discussion Papers in Business Administration 12308, University of Munich, Munich School of Management.
    2. Frédéric Le Roy, 2003. "Agresser un concurrent pour le sortir du marché:une étude de cas," Revue Finance Contrôle Stratégie, revues.org, vol. 6(2), pages 179-199, June.
    3. Faouzi Bensebaa, 2003. "La dynamique concurrentielle:défis analytiques et méthodologiques," Revue Finance Contrôle Stratégie, revues.org, vol. 6(1), pages 5-37, March.
    4. Heidi Wechtler & Evelyne Rousselet, 2012. "Research And Methods In Competitive Dynamics: Review And Perspectives," Post-Print hal-01284007, HAL.
    5. Yang, Jianmei & Wang, Wenjie & Chen, Guanrong, 2009. "A two-level complex network model and its application," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 388(12), pages 2435-2449.
    6. Ming-Jer Chen, 2009. "Competitive dynamics research: An insider’s odyssey," Asia Pacific Journal of Management, Springer, vol. 26(1), pages 5-25, March.
    7. Frédéric Le Roy, 1998. "Dynamique de la concurrence et cession d'activité: le cas de la cession de Cassegrain (Compagnie Saupiquet) au Groupe Bonduelle," Revue Finance Contrôle Stratégie, revues.org, vol. 1(1), pages 125-143, March.
    8. Zhengyong Zhang & Jiayi You, 2024. "Does firms' ESG information disclosure have contagion effect? Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3274-3296, July.
    9. Raymond-Alain Thietart, 2016. "Strategy dynamics: Agency, path dependency, and self-organized emergence," Strategic Management Journal, Wiley Blackwell, vol. 37(4), pages 774-792, April.
    10. Hughes-Morgan, Margaret & Kolev, Kalin & Mcnamara, Gerry, 2018. "A meta-analytic review of competitive aggressiveness research," Journal of Business Research, Elsevier, vol. 85(C), pages 73-82.
    11. Yasar Mehmet & Gerede Ender, 2020. "Identification of factors affecting competitive tension in the domestic air transport market in Turkey," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(2), pages 118-139, June.
    12. Yasar Mehmet & Gerede Ender, 2020. "Identification of factors affecting competitive tension in the domestic air transport market in Turkey," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(2), pages 118-139, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:stratm:v:8:y:1987:i:6:p:549-563. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0143-2095 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.