This study examines the association of corporate strategy with multiply criteria of financial performance across national boundaries. Using data over a four-year period from Korea, the United States, and Japan, the study presents a multidimensional definition of corporate strategy. These dimensions are then modeled as predictors of three corporate performance criteria. The results show that corporate strategy explains a significant portion of financial performance. In addition, corporate strategy relates differently to different performance criteria within and across the three countries.
Lee, Choong Y., "An Empirical Study of Business Strategy and Performance" (2002). ICEB 2002 Proceedings. 34.