Purpose

This study aims to test the moderating effect of market-supporting institution on the strategic similarity–firm performance relationship.

Design/methodology/approach

The present is study based on a large panel of firms from developed and emerging economies covering the period 2000–2014.

Findings

Highly-developed market-supporting institutions improve the performance of firms that stick to industry's average strategies while weakly-developed market supporting institutions improve the performance of firms that deviate from industry norms.

Originality/value

This is the first paper that shows that the effect of strategic similarity on firm performance depends on the degree of development of market-supporting institutions.

中文翻译：

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战略相似性和企业绩效：国家机构的调节作用

目的

本研究旨在检验市场支持制度对战略相似性-企业绩效关系的调节作用。

设计/方法/途径

本研究基于 2000 年至 2014 年期间来自发达经济体和新兴经济体的大量公司。

发现

高度发达的市场支持制度提高了坚持行业平均战略的公司的绩效，而不发达的市场支持制度提高了偏离行业规范的公司的绩效。

原创性/价值

这是第一篇表明战略相似性对公司绩效的影响取决于市场支持机构发展程度的论文。