References (45)


Citations (30)



Slack Resources and the Performance of Privately Held Firms

Gerard George

Imperial College London

Academy of Management Journal, Vol. 48, 2005

Empirical findings from publicly traded firms and behavioral theory arguments suggest a positive influence of resource slack on financial performance. While this area has remained unexplored in privately held firms, conceptual arguments indicate that resource constraints may serve to enhance performance. Longitudinal data on 900 privately held firms confirm the differential influence of forms of slack on performance. Results indicate that a combination of behavioral and resource-constraints arguments are necessary to explain the slack-performance relationship in privately held firms.

Number of Pages in PDF File: 36

Keywords: Resources, slack, endowments, efficiency, performance, private firms, family business

JEL Classification: D21, D23, D24, G32, L23, M13, M1

Accepted Paper Series

Download This Paper

Date posted: July 15, 2004  

Suggested Citation

George, Gerard, Slack Resources and the Performance of Privately Held Firms. Academy of Management Journal, Vol. 48, 2005. Available at SSRN: http://ssrn.com/abstract=564585

Contact Information

Gerard George (Contact Author)
Imperial College London ( email )
United Kingdom
Feedback to SSRN

Paper statistics
Abstract Views: 2,979
Downloads: 722
Download Rank: 19,306
References:  45
Citations:  30

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.422 seconds