Competitive Advantage and Financial Strength: Connecting Resource Advantage with Financial Ratios
碩士 === 元培科學技術學院 === 經營管理研究所 === 95 === To investigate how “competitive advantage-generates-superior performance” inference can be realized, we introduce a financial-based framework corresponding to the three major theories addressing the reasoning of sustainable competitive advantage. The du Pont id...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/cc5957 |
| Summary: | 碩士 === 元培科學技術學院 === 經營管理研究所 === 95 === To investigate how “competitive advantage-generates-superior performance” inference can be realized, we introduce a financial-based framework corresponding to the three major theories addressing the reasoning of sustainable competitive advantage. The du Pont identity is used to describe the associations between position advantage and the drivers of financial return. The financial ratios in the components of the financial drivers are then examined and connected to various forms of firm advantage resources. The financial-based framework is subsequently applied to analyze the resource advantage of the worldwide semiconductor industry as an empirical study. Results show that the competitive of a firm is generated from a combination of various firm resources.
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