Null-hypothesis significance tests (NHST) are a very troublesome methodology that dominates the quantitative empirical research in strategy and management. Inherent limitations and inappropriate applications of NHST impede the accumulation of knowledge and fill academic journals with meaningless...

Purpose – This chapter reports on a rapidly growing trend in the analysis of data about emerging market (EM) economies – the use of baseline models as comparisons for explanatory models. Baseline models estimate expected values for the dependent variable in the absence of a hypothesized...