Slack Resources and the Performance of Privately Held Firms
研究了冗余资源对私营企业绩效的影响，发现不同类型的冗余资源对绩效有不同作用，需结合行为理论和资源约束理论来解释。
Empirical findings from publicly traded firms and behavioral 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 enhance performance. Longitudinal data on 900 privately held firms confirm the differing influences 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. The implications of these findings for theories of resources and entrepreneurship are discussed.