Assignment:
Differentiate the roles of firm effects and industry effects in determining firm performance.
- A firm’s performance is more closely related to its managers’ actions (firm effects) than to the external circumstances surrounding it (industry effects).
- Firm and industry effects, however, are interdependent. Both are relevant in determining firm performance.
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.