haku: @indexterm theory of the firm / yhteensä: 35
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| Tekijä: | Greve, H.R. |
| Otsikko: | Investment and the behavioral theory of the firm: evidence from shipbuilding |
| Lehti: | Industrial and Corporate Change
2003 : OCT, VOL. 12:5, p. 1051-1076 |
| Asiasana: | Investment Shipbuilding industry Theory of the firm Japan |
| Kieli: | eng |
| Tiivistelmä: | Investment in production assets is a strategic decision that follows organization search and risk taking. The behavioural theory of the firm predicts that performance below the aspiration level and slack resources initiate organizational search. Risk theory predicts that performance below the aspiration level increases risk tolerance. These theories are integrated in this article to form a theory of problem- and slack-driven strategic change and it is applied to the growth of production assets. The predictions are tested by analyzing the growth of production assets in the Japanese shipbuilding industry, and clear evidence is yielded that high performance causes low asset growth, but no effect of slack. |
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