Matches in SemOpenAlex for { <https://semopenalex.org/work/W2077868338> ?p ?o ?g. }
- W2077868338 endingPage "406" @default.
- W2077868338 startingPage "387" @default.
- W2077868338 abstract "Although sustained superior firm performance may arise from skillful management or other valuable, rare, and inimitable resources, it can also result from randomness. Studying U.S. companies from 1965–2008, we benchmark how long a firm must perform at a high level to be confident that it is something other than the outcome of a time-homogeneous stationary Markov chain defined on the state space of percentiles. We find (a) the number of sustained superior performers in Compustat, measured by ROA and Tobin's q, exceeds the number of false positives we would expect to be generated by such a process; yet (b) the occurrence of false positives is often enough to fool many observers, so (c) the identification of sustained superior performers requires particularly stringent benchmarks to enable valid study. Copyright © 2011 John Wiley & Sons, Ltd." @default.
- W2077868338 created "2016-06-24" @default.
- W2077868338 creator A5053878086 @default.
- W2077868338 creator A5054281315 @default.
- W2077868338 creator A5089031871 @default.
- W2077868338 date "2011-11-19" @default.
- W2077868338 modified "2023-09-30" @default.
- W2077868338 title "How long must a firm be great to rule out chance? Benchmarking sustained superior performance without being fooled by randomness" @default.
- W2077868338 cites W1510355813 @default.
- W2077868338 cites W1517602275 @default.
- W2077868338 cites W1894969348 @default.
- W2077868338 cites W1967929303 @default.
- W2077868338 cites W1968668371 @default.
- W2077868338 cites W1984686904 @default.
- W2077868338 cites W1986904066 @default.
- W2077868338 cites W2006820723 @default.
- W2077868338 cites W2048469859 @default.
- W2077868338 cites W2065837485 @default.
- W2077868338 cites W2067184061 @default.
- W2077868338 cites W2082555048 @default.
- W2077868338 cites W2089402107 @default.
- W2077868338 cites W2096904991 @default.
- W2077868338 cites W2108767715 @default.
- W2077868338 cites W2115783482 @default.
- W2077868338 cites W2116690163 @default.
- W2077868338 cites W2117579417 @default.
- W2077868338 cites W2122679534 @default.
- W2077868338 cites W2123709218 @default.
- W2077868338 cites W2143339645 @default.
- W2077868338 cites W2160117959 @default.
- W2077868338 cites W2161968656 @default.
- W2077868338 cites W2312281180 @default.
- W2077868338 cites W2329636563 @default.
- W2077868338 cites W3124536214 @default.
- W2077868338 cites W3125246470 @default.
- W2077868338 cites W4241653265 @default.
- W2077868338 cites W4241996101 @default.
- W2077868338 cites W4249930670 @default.
- W2077868338 cites W4292157289 @default.
- W2077868338 cites W4300578193 @default.
- W2077868338 doi "https://doi.org/10.1002/smj.1943" @default.
- W2077868338 hasPublicationYear "2011" @default.
- W2077868338 type Work @default.
- W2077868338 sameAs 2077868338 @default.
- W2077868338 citedByCount "57" @default.
- W2077868338 countsByYear W20778683382013 @default.
- W2077868338 countsByYear W20778683382014 @default.
- W2077868338 countsByYear W20778683382015 @default.
- W2077868338 countsByYear W20778683382016 @default.
- W2077868338 countsByYear W20778683382017 @default.
- W2077868338 countsByYear W20778683382018 @default.
- W2077868338 countsByYear W20778683382019 @default.
- W2077868338 countsByYear W20778683382020 @default.
- W2077868338 countsByYear W20778683382021 @default.
- W2077868338 countsByYear W20778683382022 @default.
- W2077868338 countsByYear W20778683382023 @default.
- W2077868338 crossrefType "journal-article" @default.
- W2077868338 hasAuthorship W2077868338A5053878086 @default.
- W2077868338 hasAuthorship W2077868338A5054281315 @default.
- W2077868338 hasAuthorship W2077868338A5089031871 @default.
- W2077868338 hasConcept C105795698 @default.
- W2077868338 hasConcept C114614502 @default.
- W2077868338 hasConcept C116834253 @default.
- W2077868338 hasConcept C119857082 @default.
- W2077868338 hasConcept C125112378 @default.
- W2077868338 hasConcept C13280743 @default.
- W2077868338 hasConcept C144133560 @default.
- W2077868338 hasConcept C149782125 @default.
- W2077868338 hasConcept C154945302 @default.
- W2077868338 hasConcept C162324750 @default.
- W2077868338 hasConcept C162853370 @default.
- W2077868338 hasConcept C185798385 @default.
- W2077868338 hasConcept C205649164 @default.
- W2077868338 hasConcept C21547014 @default.
- W2077868338 hasConcept C33923547 @default.
- W2077868338 hasConcept C41008148 @default.
- W2077868338 hasConcept C59822182 @default.
- W2077868338 hasConcept C64869954 @default.
- W2077868338 hasConcept C66882249 @default.
- W2077868338 hasConcept C72434380 @default.
- W2077868338 hasConcept C86251818 @default.
- W2077868338 hasConcept C86803240 @default.
- W2077868338 hasConcept C98763669 @default.
- W2077868338 hasConceptScore W2077868338C105795698 @default.
- W2077868338 hasConceptScore W2077868338C114614502 @default.
- W2077868338 hasConceptScore W2077868338C116834253 @default.
- W2077868338 hasConceptScore W2077868338C119857082 @default.
- W2077868338 hasConceptScore W2077868338C125112378 @default.
- W2077868338 hasConceptScore W2077868338C13280743 @default.
- W2077868338 hasConceptScore W2077868338C144133560 @default.
- W2077868338 hasConceptScore W2077868338C149782125 @default.
- W2077868338 hasConceptScore W2077868338C154945302 @default.
- W2077868338 hasConceptScore W2077868338C162324750 @default.
- W2077868338 hasConceptScore W2077868338C162853370 @default.
- W2077868338 hasConceptScore W2077868338C185798385 @default.
- W2077868338 hasConceptScore W2077868338C205649164 @default.
- W2077868338 hasConceptScore W2077868338C21547014 @default.
- W2077868338 hasConceptScore W2077868338C33923547 @default.