Competitive action repertoires and stock risk

Margaret Hughes-Morgan, Walter J. Ferrier

Research output: Contribution to journalArticlepeer-review

8 Scopus citations


Drawing from core ideas in competitive dynamics and information processing theory, this study explores the relationship between competitive strategy and stock risk. It is predicted that three properties associated with the firm's competitive action repertoire - conformity, stability, and simplicity - influence investors/observers' information processing fluency which, in turn, influences stock risk. The hypotheses are tested on a sample of market-leading firms across multiple industries over a seven-year time panel. Findings suggest that firms with lower levels of stock risk carry out competitive action repertoires that are similar to that of rivals, familiar to investors, and simple.

Original languageEnglish
Pages (from-to)55-69
Number of pages15
JournalJournal of Managerial Issues
Issue number1
StatePublished - Mar 1 2014

Bibliographical note

Publisher Copyright:
Copyright © 2014 The Journal of Chinese Medicine.

ASJC Scopus subject areas

  • Management Information Systems


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