Measuring Long Term Superior Performance: The UK's Long-Term Superior Performers 1984-2003

Long Range Planning, Vol. 42, No. 3, pp. 390-413, June 2009

44 Pages Posted: 19 Sep 2008 Last revised: 12 Nov 2015

See all articles by George S. Yip

George S. Yip

Imperial College London

Timothy M. Devinney

University of Manchester - Alliance Manchester Business School

Gerry Johnson

University of Strathclyde in Glasgow

Date Written: September 19, 2008

Abstract

This article examines the issue of determining long-term sustained superior financial performance. We demonstrate that the technique of frontier analysis is a robust and theoretically consistent way to identify relative performance. We show how our approach, addresses the three critical issues in the measurement of performance: balancing short-term and long-term performance, capturing the multidimensional nature of performance, and finding the right peer comparators. We apply the technique to two common types of performance rankings: single year performance within an industry (oil) and multi-year performance across industries and years (215 publicly-listed UK companies, in 38 industries over 20 years).

Keywords: Superior Performance, Frontier Analysis

JEL Classification: C4, D4, L1, M1

Suggested Citation

Yip, George S. and Devinney, Timothy M. and Johnson, Gerry, Measuring Long Term Superior Performance: The UK's Long-Term Superior Performers 1984-2003 (September 19, 2008). Long Range Planning, Vol. 42, No. 3, pp. 390-413, June 2009, Available at SSRN: https://ssrn.com/abstract=1270438

George S. Yip

Imperial College London ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

Timothy M. Devinney (Contact Author)

University of Manchester - Alliance Manchester Business School ( email )

Booth Street West
Manchester, M15 6PB
United Kingdom

Gerry Johnson

University of Strathclyde in Glasgow ( email )

16 Richmond Street
Glasgow 1XQ, Scotland G1 1XQ
United Kingdom

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