Applying Advanced Panel Methods to Strategic Management Research: A Tutorial

Peter Hom, Katalin Takacs Haynes

Research output: Contribution to journalArticlepeer-review

6 Scopus citations


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.

Original languageEnglish (US)
Pages (from-to)193-272
Number of pages80
JournalResearch Methodology in Strategy and Management
StatePublished - 2007

ASJC Scopus subject areas

  • Strategy and Management


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