TY - JOUR
T1 - Applying Advanced Panel Methods to Strategic Management Research
T2 - A Tutorial
AU - Hom, Peter
AU - Haynes, Katalin Takacs
PY - 2007
Y1 - 2007
N2 - This chapter describes how to use popular software programs (Hierarchical Linear Modeling, LISREL) to analyze multiwave panel data. We review prevailing methods for panel data analyzes in strategic management research and identify their limitations. Then, we explain how multilevel and latent growth modeling provide more rigorous methodologies for studying dynamic phenomena. We present an example illustrating how firm performance can initiate temporal change in the human and social capital of members of Board of Directors, using hierarchical linear modeling. With the same data set, we replicate this test with first-order factor latent growth modeling (LGM). Next, we explain how to use second-order factor LGM with panel data on employee cognitions. Finally, we review the relative advantages and disadvantages of these new data-analytical approaches.
AB - This chapter describes how to use popular software programs (Hierarchical Linear Modeling, LISREL) to analyze multiwave panel data. We review prevailing methods for panel data analyzes in strategic management research and identify their limitations. Then, we explain how multilevel and latent growth modeling provide more rigorous methodologies for studying dynamic phenomena. We present an example illustrating how firm performance can initiate temporal change in the human and social capital of members of Board of Directors, using hierarchical linear modeling. With the same data set, we replicate this test with first-order factor latent growth modeling (LGM). Next, we explain how to use second-order factor LGM with panel data on employee cognitions. Finally, we review the relative advantages and disadvantages of these new data-analytical approaches.
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U2 - 10.1016/S1479-8387(07)04008-8
DO - 10.1016/S1479-8387(07)04008-8
M3 - Article
AN - SCOPUS:34447122734
SN - 1479-8387
VL - 4
SP - 193
EP - 272
JO - Research Methodology in Strategy and Management
JF - Research Methodology in Strategy and Management
ER -