湯明哲2006-07-262018-06-292006-07-262018-06-292000http://ntur.lib.ntu.edu.tw//handle/246246/17003This paper utilizes 6-year American manufacturing business data to examine the existence and determinants of persistent superior returns. It presents that industry-level imitation barriers accruing to market power and industry structure, and firm-level resources renewal variables derived from resource-based view and dynamic capabilities paradigm, have significant impact on the sustainability of competitive advantages of the first half business. In addition, we also find that the industrial environment factors influence the sustainability of superior returns not only through direct effects, but also via interactive effects with firm level factors.application/pdf91765 bytesapplication/pdfzh-TW國立臺灣大學國際企業學系暨研究所reporthttp://ntur.lib.ntu.edu.tw/bitstream/246246/17003/1/892416H002024.pdf