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 |