Rethinking Asian Drama

Nayyar, Deepak

doi:10.35188/unu-wider/2018/592-3

Cited by 2 publications

References 40 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Cog in the wheel: Resource release and the scope of interdependencies in corporate adjustment activities

Keum

2019

Strategic Management Journal

View full text Add to dashboard Cite

Research Summary: This study characterizes and tests interdependencies in corporate activities used to adjust resources and implement change. Because each activity contributes only a partial result and depends on others to complete an intended change, constraining one can create a bottleneck that traps multiple other activities. For my empirical analysis, I leverage the staggered adoptions of employment protection laws intended to constrain one specific adjustment to one specific resource: dismissing employees. The constraint, however, not only affects the contraction but also the expansion in labor as well as capital investments, acquisition, divestiture, CEO turnover, and other adjustments, and increases (shortens) the persistence of negative (positive) performance. The expansive interdependencies are critical to understanding firm rigidity and resilience, implementation failures, and the persistence of firm performance.Managerial Summary: This study shows how executing even a seemingly straightforward improvement requires piecing together a series of interdependent corporate strategic activities. As a result, a constraint on just one is sufficient to foil a successful firm response. Using changes in employment laws, I show that a firm's ability to dismiss employees not only affects firing, but also hiring, capital investments, acquisition, divestiture, and CEO turnover, and increases (shortens) the persistence of negative (positive) performance. Underestimating the complex and interdependent nature of these activities can lead to biasfor-action and contribute to implementation failures, such

show abstract

Cog in the wheel: Resource release and the scope of interdependencies in corporate adjustment activities

Keum

2019

Strategic Management Journal

View full text Add to dashboard Cite

show abstract

Introduction

Till

2022

Agriculture for Economic Development in Africa

View full text Add to dashboard Cite

The twenty-first century has seen the concurrent rise of optimism about economic growth in sub-Saharan Africa and the return of the agricultural sector to the top of the development agenda. Ethiopia—with its rapid economic growth for two decades, achieved during a policy focus on the agricultural sector—is at the forefront of both these developments. This chapter introduces the book’s main theme of the role of agriculture in economic development, which is addressed based on a case study of Ethiopia.

show abstract

Rethinking Asian Drama

Cited by 2 publications

References 40 publications

Cog in the wheel: Resource release and the scope of interdependencies in corporate adjustment activities

Cog in the wheel: Resource release and the scope of interdependencies in corporate adjustment activities

Introduction

Contact Info

Product

Resources

About