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Do stable strategic time periods exist? Towards new methodological and theoretical insights

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  • Juan Manuel de la Fuente-Sabaté

    (Facultad de Ciencias Económicas y Empresariales, Departamento de Economía y Administración de Empresas, Universidad de Burgos, Plaza Infanta Elena, s|n, 09001 Burgos, Spain)

  • Julio Rodríguez-Puerta

    (Departamento de Análisis Económico: Economía Cuantitativa, Universidad Autónoma de Madrid, Edificio de Ciencias Jurídicas, Políticas y Económicas, Módulo III|Despacho 309, Spain)

  • José David Vicente-Lorente

    (Facultad de Economía y Empresa, Departamento de Administración y Economía de la Empresa, Universidad de Salamanca, Campus Miguel de Unamuno, 37007 Salamanca, Spain)

  • José Angel Zúñiga-Vicente

    (Facultad de Ciencias Jurídicas y Sociales, Departamento de Economía de la Empresa (Adm., Dir., y Org.), Universidad Rey Juan Carlos, P°. de Artilleros, s|n, Campus de Vicálvaro, 28032 Madrid, Spain)

Abstract

This paper investigates a fundamental issue in the current research on strategic groups: the existence or non-existence of the so-called 'stable strategic time periods' (SSTPs). Our study provides new evidence by adding new methodological and theoretical insights. The research setting is the Spanish banking industry over a 15-year period, 1983-1997. Unlike all prior longitudinal research that found SSTPs, the multi-method procedure that we used in this study (i.e. equality of variance and covariance matrix and mean vector of strategic variables and a subsequent grouping analysis performed through the MCLUST) has led us to reject the existence of SSTPs in the industry under study. Based on these original findings, we conclude by suggesting a proposition which should be corroborated in future empirical studies on strategic groups. Copyright © 2007 John Wiley & Sons, Ltd.

Suggested Citation

  • Juan Manuel de la Fuente-Sabaté & Julio Rodríguez-Puerta & José David Vicente-Lorente & José Angel Zúñiga-Vicente, 2007. "Do stable strategic time periods exist? Towards new methodological and theoretical insights," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 171-180.
    • Handle: RePEc:wly:mgtdec:v:28:y:2007:i:3:p:171-180
    DOI: 10.1002/mde.1319
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    References listed on IDEAS

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    5. Amel, Dean F & Rhoades, Stephen A, 1988. "Strategic Groups in Banking," The Review of Economics and Statistics, MIT Press, vol. 70(4), pages 685-689, November.
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