An Empirical Study of Strategic Positioning and Production Efficiency
Table 5
Cost leadership strategy and production efficiency. Low cost leadership firms compared to high cost leadership firms. Dependent variable: production efficiency.
Panel A: High cost leadership (top 33%)
Panel B: Low cost leadership (bottom 33%)
Coefficient estimate
-stat
value
Coefficient estimate
-stat
value
Intercept
−0.0829
−3.94
0.0000
−0.0119
−0.83
0.4041
CL
0.1110
3.83
0.0001
0.0077
3.09
0.0020
Size
0.0454
27.45
0.0000
0.0465
23.47
0.0000
ROA
0.0879
7.87
0.0000
0.2475
17.54
0.0000
Age
0.0005
2.87
0.0042
0.0005
2.21
0.0269
Competition
1.2515
2.50
0.0126
12.5400
7.54
0.0000
Industry dummies included
Industry dummies included
Year dummies included
Year dummies included
Adjusted
0.8151
0.7287
Total Obs
11074
11101
See the appendix for variable definitions.
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