Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261848 
Year of Publication: 
2019
Citation: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 22 [Issue:] 1 [Publisher:] Elsevier España [Place:] Barcelona [Year:] 2019 [Pages:] 25-35
Publisher: 
Elsevier España, Barcelona
Abstract: 
This paper examines whether or not the relative importance of the firm and industry effects in explaining performance variations is the same regardless of the firm size. In relation to size, we think that there has been particular neglect of studying medium-sized firms separately from SMEs in general. That is why we study separately large, medium-sized and small firms. We also contribute to knowledge on the firm-industry debate testing empirically both effects distinguishing the firms by size according to a standard classification in the EU. Our results show that the performances of large and small firms are mainly explained by the firm effect, albeit for different reasons, while the performance of medium-sized firms is explained primarily by the industry effect.
Subjects: 
Firm effect
Firm size
Industry effect
Organizational performance
SMEs
JEL: 
L11
L25
M21
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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