Houthoofd, Noël; Hendrickx, Jef - Faculteit Economie en Bedrijfswetenschappen, … - 2012
industry segment effect (or intra-industry effect) is more independent of the dependent variable. The industry segment effect … resources and competences. The explanatory power of firm effects varies by about 30 to 40 percent while the intra-industry … effect explains around 10 percent of the variance. Even though firm effects are dominant, intra-industry effects explain a …