USING THE SHAPLEY VALUE APPROACH TO VARIANCE DECOMPOSITION IN STRATEGY RESEARCH: DIVERSIFICATION, INTERNATIONALIZATION, AND CORPORATE GROUP EFFECTS ON AFFILIATE PROFITABILITY

Dmitry Sharapov, Paul Kattuman, Diego Rodriguez, F. Javier Velazquez
2020 Strategic Management Journal  
Research Summary: Variance decomposition methods allow strategy scholars to identify key sources of heterogeneity in firm performance. However, most extant approaches produce estimates that depend on the order in which sources are considered, the ways they are nested, and which sources are treated as fixed or random effects. In this paper, we propose the use of an axi-
doi:10.1002/smj.3236 fatcat:5ehz6lcphbelromt25sdcy73ba