Are more resources always better for growth? Resource stickiness in market and product expansion

• 成果类型: Article
• 署名作者: Mishina, Y; Pollock, TG; Porac, JF
• 署名单位: Michigan State University; Michigan State University's Broad College of Business; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; New York University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.424
• 发表日期: 2004
• 页码: 1179-1197
• 关键词: resource-based; MANAGERIAL COGNITION; GROWTH; SLACK; Content analysis; entrepreneurship; human resource management

摘要

We examine how managerial growth logics combine with financial and human resource slack to influence the short-term revenue growth of a sample of 112 manufacturing firms drawn from a unique database provided by the Ewing Marion Kauffman Foundation. Our results provide evidence that firms pursuing product expansion logics generally grow more slowly than firms that are not expanding their product base, but that financial slack positively moderates this relationship. We also find that human resource slack enhances short-term market expansion, but slows down short-term product expansion. We discuss the implications of these results for resource-based views of growth. Copyright (C) 2004 John Wiley Sons, Ltd.