Journal article
Exit, the firm and sunk costs: re-conceptualising the corporate geography of disinvestment and plant closure
- Abstract:
-
The objective of this article is to reconceptualize understanding of the economic and spatial processes of corporate restructuring and market exit. We ask what economic logic explains plant closure and firms’ exit from industries, and develop a comprehensive perspective on the nature of the exit process focused on firms in which there is a separation of ownership and control, which are rich in capital assets and that are held hostage by their history and geography. Exit is treated as a sequen...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Bibliographic Details
- Publisher:
- Sage Publications Publisher's website
- Journal:
- Progress in Human Geography Journal website
- Volume:
- 21
- Issue:
- 3
- Pages:
- 338-358
- Publication date:
- 1997-06-01
- DOI:
- EISSN:
-
1477-0288
- ISSN:
-
0309-1325
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- Copyright holder:
- Sage Publications
- Copyright date:
- 1997
- Notes:
- The full-text of this article is not available in ORA. Citation: Clark, G. L. & Wrigley, N. (1997). 'Exit, the firm and sunk costs: re-conceptualising the corporate geography of disinvestment and plant closure', Progress in Human Geography, 21(3), 338-358. [Available at http://phg.sagepub.com/].
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