ON THE VALIDITY OF SUBJECTIVE MEASURES OF COMPANY PERFORMANCE |
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| Authors: | TOBY D WALL JONATHAN MICHIE MALCOLM PATTERSON STEPHEN J WOOD MAURA SHEEHAN CHRIS W CLEGG MICHAEL WEST |
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| Institution: | Institute of Work Psychology University of Sheffield, U.K.;School of Management and Organizational Psychology University of London, Birkbeck, U.K.;Institute of Work Psychology University of Sheffield, U.K.;Institute of Work Psychology University of Sheffield, U.K.;Graduate School of Management University of Dallas;Institute of Work Psychology University of Sheffield, U.K.;Business School Aston University, U.K. |
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| Abstract: | Subjective measures of company performance are widely used in research and typically are interpreted as equivalent to objective measures. Yet, the assumption of equivalence is open to challenge. We compared the use of both types of measure in 3 separate samples. Findings were consistent in showing that: (a) subjective and objective measures of company performance were positively associated (convergent validity); (b) those relationships were stronger than those between measures of differing aspects of performance using the same method (discriminant validity); and (c) the relationships of subjective and objective company performance measures with a range of independent variables were equivalent (construct validity). |
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