ON THE VALIDITY OF SUBJECTIVE MEASURES OF COMPANY PERFORMANCE
Version of Record online: 30 JUL 2007
Volume 57, Issue 1, pages 95–118, March 2004
How to Cite
WALL, T. D., MICHIE, J., PATTERSON, M., WOOD, S. J., SHEEHAN, M., CLEGG, C. W. and WEST, M. (2004), ON THE VALIDITY OF SUBJECTIVE MEASURES OF COMPANY PERFORMANCE. Personnel Psychology, 57: 95–118. doi: 10.1111/j.1744-6570.2004.tb02485.x
- Issue online: 30 JUL 2007
- Version of Record online: 30 JUL 2007
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).