Advances in Operations Research / 2015 / Article / Tab 5

Research Article

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 valueCoefficient estimate-stat value

Intercept−0.0829−3.940.0000−0.0119−0.830.4041
CL0.11103.830.00010.00773.090.0020
Size0.045427.450.00000.046523.470.0000
ROA0.08797.870.00000.247517.540.0000
Age0.00052.870.00420.00052.210.0269
Competition1.25152.500.012612.54007.540.0000
Industry dummies includedIndustry dummies included
Year dummies includedYear dummies included

Adjusted 0.81510.7287
Total Obs1107411101

See the appendix for variable definitions.

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