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Table 4 Descriptive statistics of different strategy groups

From: R&D spending, strategic position and firm performance

Panel A

ATURN

High

Cost Leadership Strategy

Dual Strategies

 

Mean

Median

 

Mean

Median

OPROF

0.015

0.024

OPROF

0.148

0.124

ATURN

6.334

4.922

ATURN

5.797

4.551

R&D (%)

2.534

2.154

R&D (%)

3.693

3.390

No. of Obs.

1850

 

No. of Obs.

2384

 

Low

Indistinct Strategy

Product Differentiation Strategy

 

Mean

Median

 

Mean

Median

OPROF

−0.028

0.010

OPROF

0.154

0.136

ATURN

1.576

1.515

ATURN

1.756

1.754

R&D (%)

2.880

2.650

R&D (%)

3.899

3.685

No. of Obs.

2306

 

No. of Obs.

 

1846

 

Low

High

OPROF

Panel B: if R&D (%) > 0

ATURN

High

Cost Leadership Strategy

Dual Strategies

 

Mean

Median

 

Mean

Median

OPROF

0.016

0.024

OPROF

0.149

0.126

ATURN

6.149

4.844

ATURN

5.766

4.538

R&D (%)

2.876

2.540

R&D (%)

3.899

3.500

No. of Obs.

1630

 

No. of Obs.

2258

 

Low

Indistinct Strategy

Product Differentiation Strategy

 

Mean

Median

 

Mean

Median

OPROF

−0.027

0.010

OPROF

0.154

0.136

ATURN

1.596

1.539

ATURN

1.780

1.781

R&D (%)

3.275

3.040

R&D (%)

4.269

3.890

No. of Obs.

2028

 

No. of Obs.

1686

 
 

Low

High

OPROF

  1. Notes. This table shows the mean and median values of OPROF, ATURN and R&D (%) of sample firms using different strategies: the cost leadership strategy, dual strategies, indistinct strategy and product differentiation strategy. Panel A shows the statistics with all sample firms while Panel B only uses the firms with positive R&D spending