000096238 001__ 96238 000096238 005__ 20201119130017.0 000096238 0247_ $$2doi$$a10.1016/j.lrp.2014.09.006 000096238 0248_ $$2sideral$$a91740 000096238 037__ $$aART-2016-91740 000096238 041__ $$aeng 000096238 100__ $$aGómez, Jaime 000096238 245__ $$aCompetitors' strategic heterogeneity and firm performance 000096238 260__ $$c2016 000096238 5060_ $$aAccess copy available to the general public$$fUnrestricted 000096238 5203_ $$aThis paper explores intra-industry heterogeneity by proposing a new perspective. Whereas the strategic management literature tends to conceptualize strategic heterogeneity as the divergence between a focal firm and its rivals, we offer a complementary view in which we consider it to be the result of the differences among the strategic positions of the rivals of a firm. We argue that, when heterogeneity is examined from this perspective, vicarious learning and competitive alignment (instead of competition, collusion or legitimation) are the mechanisms that explain the impact of heterogeneity on performance. We also propose that the experience that firms accumulate by competing with the same rivals moderates this relationship. We test our hypotheses on the Spanish banking sector over the period 1999–2009. The results are consistent with them. 000096238 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S09-PM062$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2011-22947 000096238 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000096238 590__ $$a3.547$$b2016 000096238 591__ $$aBUSINESS$$b28 / 121 = 0.231$$c2016$$dQ1$$eT1 000096238 591__ $$aPLANNING & DEVELOPMENT$$b4 / 55 = 0.073$$c2016$$dQ1$$eT1 000096238 591__ $$aMANAGEMENT$$b29 / 194 = 0.149$$c2016$$dQ1$$eT1 000096238 592__ $$a2.873$$b2016 000096238 593__ $$aFinance$$c2016$$dQ1 000096238 593__ $$aStrategy and Management$$c2016$$dQ1 000096238 593__ $$aGeography, Planning and Development$$c2016$$dQ1 000096238 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000096238 700__ $$aOrcos, Raquel 000096238 700__ $$0(orcid)0000-0001-8406-3540$$aPalomas, Sergio$$uUniversidad de Zaragoza 000096238 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas 000096238 773__ $$g49, 1 (2016), 145-163$$pLong range plan.$$tLong Range Planning$$x0024-6301 000096238 8564_ $$s441333$$uhttps://zaguan.unizar.es/record/96238/files/texto_completo.pdf$$yPostprint 000096238 8564_ $$s33600$$uhttps://zaguan.unizar.es/record/96238/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000096238 909CO $$ooai:zaguan.unizar.es:96238$$particulos$$pdriver 000096238 951__ $$a2020-11-19-11:45:51 000096238 980__ $$aARTICLE