TY - JOUR
T1 - Technological leadership and firm performance in Russian industries during crisis
AU - Anokhin, Sergey Alexander
AU - Spitsin, Vladislav
AU - Akerman, Elena
AU - Morgan, Todd Alan
PY - 2021/6/1
Y1 - 2021/6/1
N2 - In a sample of 2980 firm-year observations collected from three industries over the five-year period during the Russian economic crisis of 2013–2017, we demonstrate the relative effectiveness of conservative and aggressive strategies for technological leadership in affecting firm performance. Both the conservative strategy aimed at minimizing firm inputs per the set volume of outputs and the aggressive strategy aimed at maximizing the outputs per the set volume of inputs affect performance positively. Of the two alternatives, the aggressive strategy clearly outperforms the conservative one during times of crisis. Additionally, without a clear commitment to either of the strategies, firms stand to lose. We offer a novel way of assessing a firm's strategy based on the secondary data utilized in this manuscript that can be implemented by the future research.
AB - In a sample of 2980 firm-year observations collected from three industries over the five-year period during the Russian economic crisis of 2013–2017, we demonstrate the relative effectiveness of conservative and aggressive strategies for technological leadership in affecting firm performance. Both the conservative strategy aimed at minimizing firm inputs per the set volume of outputs and the aggressive strategy aimed at maximizing the outputs per the set volume of inputs affect performance positively. Of the two alternatives, the aggressive strategy clearly outperforms the conservative one during times of crisis. Additionally, without a clear commitment to either of the strategies, firms stand to lose. We offer a novel way of assessing a firm's strategy based on the secondary data utilized in this manuscript that can be implemented by the future research.
KW - Aggressive strategy
KW - Conservative strategy
KW - Data envelopment analysis
KW - Performance
KW - Technological leadership
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85099407424&origin=inward
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=85099407424&origin=inward
U2 - 10.1016/j.jbvi.2021.e00223
DO - 10.1016/j.jbvi.2021.e00223
M3 - Article
SN - 2352-6734
VL - 15
JO - Journal of Business Venturing Insights
JF - Journal of Business Venturing Insights
M1 - e00223
ER -