The Concept and Empirical Measurement of the Competitive Advantage Period and the Industry Advantage Period — A Kolmogorov-Smirnov Approach
CA and superior performance can be interpreted as two sides of the same coin. With respect to management research the one is mainly driven by strategic management whereas the other is a focal point in financial management. At the same time, IO economics highlights the importance of industry characteristics for explaining profit differences. The aim in part three is to integrate and quantify these perspectives in the concepts of the competitive advantage period (CAP) and the industry advantage period (IAP).
KeywordsCapital Market Firm Performance Dynamic Capability Real Estate Investment Trust Strategic Group
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