A central question in strategic management is why some firms perform better than others. One approach to addressing this question empirically is to decompose the variance in firm-level profitability into firm, industry, location, and year components. Although it is well established that data...

A central question in strategic management is why some firms perform better than others. One approach to addressing this question empirically is to decompose the variance in firm-level profitability into firm, industry, location, and year components. Although it is well established that data...

The present work assess the effects of MAR and Jacob's type agglomeration economies on a sample of firms in the machineries and textiles industries in Greece for the periods 1989-91 and 1999-01. The analysis employs a stochastic production frontier function and allows agglomeration economies to...