The Importance of Slack for New Organizations Facing ‘Tough’ Environments

By S. Bradley, Dean A. Shepherd, Johan Wiklund. 2010

362 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3f87a8c6f49490bb5ac1f721e15219d3cc721f9d

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Citations in the corpus

Do Powerful CEOs Determine Microfinance Performance (2012, neutral): “In addition, Bradley et al. (2011) show that in high-growth industries financial slack is associated with lower performance.”
A multi-level perspective on innovation ecosystems for path-breaking innovation (2017, background): “…provides a buffer that allows for more time and discretion in responding to the challenges arising from, for example, the interaction with potential customers, other focal ventures and their ecosystems, and the emerging niche trajectory (Bradley, Shepherd, and Wiklund, 2011; Dolmans et al. , 2014).”
Benefiting from economic crisis? Strategic orientation effects, trade-offs, and configurations with resource availability on SME performance (2020, background): “Financial capital allows EO firms to experiment with new projects that might otherwise be prohibited (Bradley et al. 2011; Cooper et al. 1994; Wiklund and Shepherd 2005).”
Operational Slack and Venture Survival (2013, background): “These measures included the difference between current assets and current liabilities (Bradley et al. 2011, Mishina et al. 2004), current ratio and debt to equity ratio (De Carolis et al. 2009), cash and cash receivables (Patzelt et al. 2008), and cash reserves (Bradley et al. 2010).”
Contextualization and the advancement of entrepreneurship research (2014, background): “The factors that trigger these changes have received attention, highlighting shifts in an industry’s landscape (Short et al., 2009), the nature and mix of competition (e.g. entry by foreign companies), and change in the strategic context in which new ventures compete (Bradley et al., 2011a).”
Capital Is Not Enough: Innovation in Developing Economies (2012, background): “Prior work has indicated that slack has diminishing returns to innovation (Nohria and Gulati, 1996) or entrepreneurial behaviours (Bradley et al., 2010b) as a result of a lack of discipline or investment in questionable projects ( Jensen, 1986).”