Positional rigidity: low performance and resource acquisition in large and small firms
研究大企业和中小企业面对绩效不佳时,因风险厌恶和内部刚性不同而采取不同战略调整,通过区分资源获取量和资源差异来分析,对理解企业规模与战略变化的关系有帮助。
Abstract Past research has given contradictory answers to the question of how strategic change is linked to firm size and performance. This paper resolves the contradictory predictions of performance feedback theory and threat rigidity theory by positing that small and large firms have distinct responses to performance because of differences in risk aversion and internal rigidity. To examine these differences, it is necessary to distinguish risk taking from rigidity in the strategic position, which is accomplished by separate analysis of the amount of resource acquisition and the difference of acquired and existing resources. Analysis of data from the shipping industry supports the predicted interactions of firm size and performance. Copyright © 2010 John Wiley & Sons, Ltd.