The DOI matches its Crossref record; 144 of the 144 references it cites were found in a registry or an index.
The Importance of Slack for New Organizations Facing ‘Tough’ Environments
Abstract
Strategy‐based models centre on the management of unique and valuable resources to take advantage of specific market opportunities. Less examined in this approach are the roles of slack resources in the process of generating firm value – particularly for new firms in ‘tough’ environments where fewer opportunities are available. Using a cohort panel of 951 new manufacturing firms over nine years, our findings provide evidence for the importance of financial slack resources in understanding opportunity generation and also for reconciling theoretical arguments regarding the slack resource–performance link. We find that while financial slack does provide buffering capacity (in hostile and dynamic environments), and flexibility for experimentation (in munificent and dynamic environments) as suggested by prior theory, the most positive relationship between financial slack and performance for new firms was in low discretion environments (hostile and stable environments) – where firms need to develop their own opportunities. The implications of these findings for theory are discussed.
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Self-citationCapital is not enough: Innovation in developing economies
Bradley, S. W., McMullen, J. S., Artz, K., & Simiyu, E. M. (2012) · Journal of Management Studies · doi:10.1111/j.1467-6486.2012.01043.x · Cited by 375
Self-citationAmezcua, A. S., Grimes, M. G., Bradley, S. W., & Wiklund, J. (2013) · Academy of Management Journal · doi:10.5465/amj.2011.0652 · Cited by 361
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Metadata
- Authors
- Bradley, S. W., Shepherd, D. A., & Wiklund, J.
- Venue
- Journal of Management Studies
- Publisher
- Wiley
- Published
- 2011-06-13
- Volume
- 48
- Issue
- 5
- Pages
- 1071-1097
- ISSN
- 0022-2380 (ISSN-L)
- 1467-6486
- OpenAlex
- W1897732635
- Cited by
- 349
- References
- 144
- FWCI
- 7.71
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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