Strategic Responses to the U.S. 2008 Great Recession: The Case of Japanese and U.S. Manufacturing Companies

本研究项目的目标之一是发现是否有松弛的资源，创新能力，和/或社会资本的公司在衰退的开始超过那些没有这些资源在经济衰退的复苏阶段。 几乎所有的研究都表明，在大衰退的复苏阶段，拥有松弛资源、创新能力和/或外部社会资本的公司表现优于没有这些资源的公司。 另一个目标是调查是否有足够的闲置资源在衰退的开始公司应该利用这些闲置资源在最初的下降阶段，以获得更快的复苏在衰退后期。 许多研究表明，利用闲置资源的企业比不利用这些资源的企业表现更好。

One of the objectives of this research project was to find whether or not firms with slack resources, innovative capabilities, and/or social capital at the recession's onset outperformed those without these resources during the recovery stage in the recession. Almost all research studies indicated that companies with slack resources, innovative capabilities, and/or external social capital outperformed firms without those resources during the recovery stage of the Great Recession. Another objective was to investigate whether or not companies having enough slack resources at the recession's onset should utilize those slack resources during the initial declining stage to gain faster recovery in later stage of a recession. Many research studies supported that firms which utilized slack resources outperformed those which did not use such resources.