The Performance of US Corporations: 1981-1994

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State ownership reinvented? Explaining performance differences between state‐owned and private firms (2018, unknown): “Given our interest in studying SOEs as vehicles for investment in equity markets, we focus on two key profitability indicators, ROA and Tobin’s q, which have also been widely used in previous research examining sources of firm-level performance heterogeneity (e.g. McGahan, 1999; Villalonga, 2004).”
Learning from evidence in a complex world. (2006, background): “While economic theory suggests market forces, publications, benchmarking, training, and imitation should cause performance to converge to optimal levels, many studies document large, persistent differences in performance across organizations.(21) Consider cystic fibrosis.”