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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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Publisher copy:
10.1191/030913297674898950

Authors


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Institution:
University of Oxford
Research group:
Transformations: Economy, Society and Place
Oxford college:
St Peter's College
Department:
Social Sciences Division - Environment,Centre for the - Geography,School of
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Institution:
University of Southampton
Publisher:
Sage Publications Publisher's website
Journal:
Progress in Human Geography Journal website
Volume:
21
Issue:
3
Pages:
338-358
Publication date:
1997-06-05
DOI:
EISSN:
1477-0288
ISSN:
0309-1325
URN:
uuid:4db8d515-e6a2-4847-8a72-e0d2c5132dbf
Local pid:
ora:1909
Language:
English
Subjects:

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