Strategic group and financial performance in the brazilian construction sector: an empirical relationship
DOI:
https://doi.org/10.7213/rebrae.09.002.AO06Keywords:
ANOVA. Strategic dimension. ROA. Debt levelAbstract
The history of the construction industry in Brazil has passed through periods of ups and downs until 2003. It is today the main player in the Brazilian economy contributing to the production chain with 8.3% in the formation of the total GDP. This paper aimed to evaluate if there is significant evidence of differences between strategic groups of Brazilian construction companies in theirfinancial performance. Therefore, it used the theoretical support of Porter (1986) take into consideration that these strategic groups are composed of companies in the industry sector, and they are following the same or similar strategy over the strategic dimensions. The data gathering occurs in the database of Economática Software Investments S.A., totaling 62 companies. Nevertheless, only 26 companies were part of the non-probability sampling by accessibility due to the availability of all data necessary for analysis. The variables are related to the size, return on assets (ROA) and debt level. Data analysis techniques ANOVA and Kruskal-Wallis (KW) was used to evaluate the hypothesis formulated. The results of hypothesis testing showed the rejection of the null hypothesis due to of no statistically significant differences, considering a 10% significance level.
Downloads
References
ALMEIDA, S; MARÇAL, R. F. M; KOVALESKI, J. L. Metodologias para avaliação de desempenho organizacional. In: ENCONTRO NACIONAL DE ENGENHARIA DE PRODUÇÃO,
, Florianópolis, 2004. Anais. Florianópolis: ENEGEP, 2004.
ANDREWS, K. R. O conceito de estratégia empresarial, in MINTZBERG, H. e QUINN, J. B. O processo da estratégia. 3. ed. Porto Alegre: Bookman, 2001, p. 58.
ANSOFF, I. Estratégia Empresarial. McGraw-hill, S. Paulo, 1977(Trad. ed. 1965).
ARAYA-CASTILLO, L; PEDREROS-GAJARDO, M. Conformación de grupos estratégicos en sectores de educación superior. Revista Venezolana de Gerencia (RVG), v. 19. n. 65, p. 92 – 115, 2014.
ASSAF NETO, A; LIMA, F. G. Curso de administração financeira. – São Paulo: Atlas, 2009, 820 p.
ATHANASSOPOULOS, A. D. Goal programming and Data Envelopment Analysis (GoDEA)
models for multi-level multi-unit organizations: an application to Greek local authorities.
European Journal of Operational Research, v. 87, p. 535-550, 1995.
BAHLS, S. N; MARTINS, T. S; KATO, H. T. A relação entre a tipologia estratégica de Miles e
Snow e os Grupos Estratégicos do setor hoteleiro do Estado do Paraná. Caderno Virtual
de Turismo, v. 14, n. 3, p. 234-249, 2014.
BARNEY, J. Firm resource and sustained competitive advantage. Journal of Management, v.
, n. 1, p. 99-120, mar. 1991.
BARNEY, J. B. Gaining and sustaining competitive advantage. 2. ed. Upper Saddle River: Prentice Hall, 2002.
BITITCI, U. S; CARRIE, A. S. Integrated Performance Measurement Systems: Structures and Relationships, EPSRC Final Research Report, Grant No. GR/K 48174, Swindon. (1998).
BRIGHAM, E. F; EHRHARDT, M. C. Administração financeira. 10. ed. São Paulo: Pioneira Thomson Learning, 2006
BURNS, N; BACKHOUSE, C. Integrated Performance Measurement Systems - Behavioural Issues. EPSRC Final Research Report, Research Grant No. GR/K 48198, Swindon UK,1998.
CHAKRAVARTHY, B. Measuring strategic performance. Strategic Management Journal, v. 17, p. 7- 58, 1986.
CHANDLER, A. Strategy and structure. Cambridge: MIT Press, 1962.
COOL, K; SCHENDEL, D. Performance differences among strategic group members. Strategic Management Journal, v. 9, n. 3, p. 207-223, 1988.
CRONIN, J; PAGE, T. An Examination of the relative impact of growth strategies on profit
performance. European Journal of Marketing, v. 22, n. 1, p. 57-68, 1988.
CROSS, K. F; LYNCH, R. L, The SMART way to sustain and define success. National Productivity Review, v. 8, n. 1, p. 23 – 33, 1988/89.
DIXON, J. R; NANNI, A. J; VOLLMANN, T. E. The new performance challenge: measuring
operations for world class competition, Dow Jones/Irwin, Homewood, IL. 1990.
FARINA, E. M. M. Q. Competitividade e coordenação de sistemas agroindustriais: um ensaio conceitual. Revista Gestão & Produção, v.6, n.3, p. 147-161, dez. 1999.
FERNANDES, D. V. D. H; SANTOS, C. P. Orientação Empreendedora: um estudo sobre as
consequências do empreendedorismo nas organizações. RAE-eletrônica, v. 7, n. 1, Art. 6, jan./jun. 2008.
FIEGENBAUM, A; SUDHARSHAN, D; THOMAS, H. The concept of stable strategic time periods in strategic group research. Managerial & Decision Economics, v. 8, n. 2, p. 139- 148, 1993.
GARVIN, D. The processes of organization and management. Sloan Management Review, v. 39, n. 4, Summer 1998.
GIL, A. C. Métodos e técnicas de pesquisa social. 6. ed. São Paulo: Atlas, 2008.
HULT, G. T. M; SNOW, C. C; KANDEMIR, D. The role of entrepreneurship in building cultural competitiveness in different organizational types. Journal of Management, v. 29, n. 3, p.
-426, 2003.
HUNT, M. S. Competition in the major home appliance industry, 1960-1970. Ph.D. Dissertation - Harvard Business School, Harvard University, Boston, 1972.
JORGE, S; ARMADA, M. J. R. Fatores determinantes do endividamento: uma análise empainel. In: ENCONTRO ANUAL DA ASSOCIAÇÃO NACIONAL DOS PROGRAMAS DE PÓSGRADUAÇÃO EM ADMINISTRAÇÃO, 23., 1999, Foz do Iguaçu, Anais eletrônicos. Foz do Iguaçu:
ENANPAD, 1999.
KEHOE, D. F; LITTLE, D. Integrated performance measurement systems - information systems, EPSRC Final Research Report, Research Grant No. GR/K 47818, Swindon UK, 1998.
MARTINS, T. S. et al. Análise de grupos estratégicos e desempenho na indústria de bancos comerciais no Brasil. Revista de Contabilidade e Organizações, v. 4, n. 9, p. 100-125, mai/ago 2010.
MASCARENHAS, B. Strategic group dynamics. Academy of Journal, v.32, n.2, p.333-352,
McGEE, J; THOMAS, H. Strategic groups: theory, research and taxonomy. Strategic Management Journal, v.7, n.2, p.141-160, 1986.
MINTZBERG, H. The strategy concept II: another looks at why organizations need strategies.
California Management Review. p. 25-32, 1987.
MINTZBERG, H; AHLSTRAND, B; LAMPEL, J. Safari de estratégia. Porto Alegre: Bookman,
MINTZBERG, H. et al. O processo da estratégia. 4. ed. Porto Alegre: Bookman, 2006.
MODRO, W. M; SANTOS, J. O. A relação entre o retorno das ações ordinárias, métricas de
desempenho e fatores econômicos: um estudo dos três principais bancos brasileiros entre
e 2010. Revista Administração em Diálogo, vol.17, n.3, p. 33-58, set/out/nov/dez 2015.
MONTGOMERY, C. A; PORTER, M. E. Estratégia: a busca da vantagem competitiva. Ed. Elsevier, Rio de Janeiro, 1998.
NAKAMURA, W. T; MARTIN, D. M. L; KIMURA, H. Novas evidências sobre estrutura de capital no Brasil. In: CLADEA, 2004, Puerto Plata. Anais. Puerto Plata: Pontificia Universidad
Católica Madre y Maestra, 2004.
OTTOBONI, C; PAMPLONA, E. O. Proposta de pesquisa para avaliar a necessidade de se
medir o desempenho financeiro das micro e pequenas empresas. In: ENCONTRO NACIONAL DE ENGENHARIA DE PRODUÇÃO, 21.; Salvador – Bahia, 2001. Anais. Salvador: ENEGEP,
PARMENTER, D. Winning KPIs revisited. New Zealand Management, v. 49, issue 9, p. 49-51,
Oct. 2002.
PELHAM, A. M; WILSON, D. T. A Longitudinal study of the impact of Market Structure,
Firm Structure, Strategy, and Market Orientation Culture on dimensions of small-firm
performance. Journal of the Academy of Marketing Science, v. 24, n. 1, p. 27-43, 1996.
PERIN, M. G; SAMPAIO, C. H. Performance empresarial: uma comparação entre indicadores
subjetivos e objetivos. In: ENCONTRO NACIONAL DOS PROGRAMAS DE PÓS GRADUAÇÃO EM
ADMINISTRAÇÃO, 23.,1999, Foz de Iguaçu. Anais. Foz de Iguaçu: ANPAD, 1999.
PETERAF, M; SHANLEY, M. Getting to know you: a theory of strategic group identity. Strategic Management Journal, Summer Special Issue 18: 165-186, 1997.
PORTER, M. E. The structure within industries and companies’ performance. The Review
of Economics and Statistics, v. 61, n. 2, p. 214-227, may.1979.
PORTER, M. E. Estratégia competitiva: técnicas para análise de indústria e da concorrência. Rio de Janeiro: Editora Campus, 1980.
PORTER, M. E. Estratégia Competitiva: técnicas para análise de industrias e da concorrência.
ed. Editora Campus, 1986.
PORTER, M. The competitive advantage of nations. Harvard Business Review, p.73- 93, march/april 1990.
PORTER, M. E. Clusters and the new economics of competition. Harvard Business Review, v. 76, n. 6, p. 77-90, 1998.
RAYMUNDO, R. V; CONTADOR, J. L; CONTADOR, J. C. Abordagens da estratégia competitiva e formulação de estratégias empresariais. Revista Pensamento Contemporâneo em Administração, v. 7, n. 4, p. 136-161, out./dez. 2013.
SANTOS, L. M. et al. Strategic groups and performance in the Brazilian clothing sector. Gestão & Produção. v.19; p. 647-661, 2012.
TANG, M; THOMAS, H. The concept of strategic groups: Theoretical construct or analytical convenience. Managerial and Decision Economics, n.13, p.323-329, 1992.
