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Organizational Research Methods
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The Impact of Cross-Validation Adjustments on Estimates of Effect Size in Business Policy and Strategy Research

Caron H. St. John

Philip L. Roth

Clemson University

The authors examined use of cross-validation in multiple regression research in organization studies by reviewing research published in three top journals in business policy and strategy (BPS) over 6 years. Application of a formula method of cross-validation to each study showed that shrinkage was often large. In some cases, shrinkage was greater than 50% of R2when sample sizes were less than 90. The authors recommend that organization studies researchers use formula cross-validation to improve the validity of inferences while avoiding the additional data collection and split samples required by empirical methods.

Organizational Research Methods, Vol. 2, No. 2, 157-174 (1999)
DOI: 10.1177/109442819922003


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