Open AccessThe Impact Of Organizational Capacity And Material Capacity On Stock Price Performance
Author(s) -
L. Marie Bacot,
Tarun K. Mukherjee,
Sandra J. Hartman,
O. Lundberg
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v8i2.6170
Subject(s) - business , stock (firearms) , adaptive capacity , organizational performance , adaptation (eye) , stock price , industrial organization , microeconomics , econometrics , economics , marketing , engineering , psychology , mechanical engineering , ecology , paleontology , climate change , neuroscience , series (stratigraphy) , biology
Chakravarthy (1982) contends that a firms adaptive ability depends upon its material capacity and its organizational capacity and its adaptive fit. This study identifies the material and organizational capacities of 18 publicly-held corporations and relates each firms state of adaptation and adaptive fit to a measure of its stock price performance. A significant relationship is found between state of adaptation and stock price performance.