Holdup: Implications for Investment and Organization

by Benjamin Hermalin



Holdup, the danger that a party other than the one investing will capture some of the return from such investing, plays an important role in business decision making about firms’ organizational and investment strategies. Oliver Williamson was among the first to identify the importance of holdup and investigate its consequences. Much of our understanding of holdup in strategy and in other areas of scholarship can be traced back to his contributions.

California Management Review

Berkeley-Haas's Premier Management Journal

Published at Berkeley Haas for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

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