96238 20201119130017.0 doi 10.1016/j.lrp.2014.09.006 sideral 91740 ART-2016-91740 eng Gómez, Jaime Competitors' strategic heterogeneity and firm performance 2016 Access copy available to the general public Unrestricted This 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. info:eu-repo/grantAgreement/ES/DGA/S09-PM062 info:eu-repo/grantAgreement/ES/MINECO/ECO2011-22947 info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 3.547 2016 BUSINESS 28 / 121 = 0.231 2016 Q1 T1 PLANNING & DEVELOPMENT 4 / 55 = 0.073 2016 Q1 T1 MANAGEMENT 29 / 194 = 0.149 2016 Q1 T1 2.873 2016 Finance 2016 Q1 Strategy and Management 2016 Q1 Geography, Planning and Development 2016 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Orcos, Raquel (orcid)0000-0001-8406-3540 Palomas, Sergio Universidad de Zaragoza 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 49, 1 (2016), 145-163 Long range plan. Long Range Planning 0024-6301 441333 http://zaguan.unizar.es/record/96238/files/texto_completo.pdf Postprint 33600 http://zaguan.unizar.es/record/96238/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:96238 articulos driver 2020-11-19-11:45:51 ARTICLE