LONG‐TERM CORPORATE BLOCKHOLDER RETURNS AND FIRM SIZE
James Dawson Bogert
(College of Business Administration, Oklahoma State University, 201 Business, Stillwater, Oklahoma 74078–0555, USA)
Faye Smith
(College of Business Administration, Oklahoma State University, 201 Business, Stillwater, Oklahoma 74078–0555, USA)
103
Abstract
In a review of America's capital investment system, Michael Porter concluded that the most critical determinant of competitive advantage is “sustained investment in physical as well as intangible assets, things like employee skills and supplier relationships” (1992: 65). Why supplier relationships? This study measures firm returns associated with one form of interfirm investment—stock blockholdings—and tests how investing firm returns are affected by alternative measures of firm size.
Citation
Dawson Bogert, J. and Smith, F. (1996), "LONG‐TERM CORPORATE BLOCKHOLDER RETURNS AND FIRM SIZE", Management Research News, Vol. 19 No. 8, pp. 29-40. https://doi.org/10.1108/eb028485
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited