Operational Slack and Venture Survival

• 成果类型: Article
• 署名作者: Azadegan, Arash; Patel, Pankaj C.; Panda, Vinit
• 署名单位: Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark; Ball State University; Lulea University of Technology
• 刊物名称: PRODUCTION AND OPERATIONS MANAGEMENT
• ISSN/ISSBN: 1059-1478
• DOI: 10.1111/j.1937-5956.2012.01361.x
• 发表日期: 2013
• 页码: 1-18
• 关键词: operational slack; uncertainty; venture survival; gamma frailty Weibull regression

摘要

Slack can act as a double-edged sword. While it can buffer against environmental threats to help ensure business continuity, slack can also be costly and reduce profitability. In this study we focus on operational slack, the form related to the firm's production processes. We investigate the role of operational slack on firm survival during its venture stage when its survival is significantly challenged by environmental threats. Specifically, we explore how change in three types of environmental uncertainty, namely dynamism, complexity, and lack of munificence, affect the relationship between operational slack and venture survival. Results suggest that with an increase in environmental uncertainty, operational slack lowers the likelihood of venture failure.