Strategy researchers typically avoid using data more than a few years old for estimation of cross-sectional models. However, problems that might be caused by older data generally reflect more basic weaknesses in research design. This chapter develops criteria for evaluating the importance of the age of data used in cross-sectional research and indicates ways that better research design may be more effective than the substitution of newer data sets.
Robins, J.A. (2004), "WHEN DOES THE AGE OF DATA MATTER? NOTES ON THE SELECTION OF DATA FOR STRATEGY RESEARCH", Research Methodology in Strategy and Management (Research Methodology in Strategy and Management, Vol. 1), Emerald Group Publishing Limited, Leeds, pp. 251-271. https://doi.org/10.1016/S1479-8387(04)01109-9
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