Journal article icon

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...

Expand abstract

Actions


Access Document


Publisher copy:
10.1191/030913297674898950

Authors


Neil Wrigley More by this author
Gordon L. Clark More by this author
Journal:
Progress in Human Geography
Volume:
21
Publication date:
1997
DOI:
URN:
uuid:c4d25879-f43c-4620-a349-db767b83d4c3
Local pid:
oai:economics.ouls.ox.ac.uk:13692
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP