Fixed assets or sunk costs ? An examination of retailers' land and property investment in the United Kingdom

Auteur(s) et Affiliation(s)



Description :
The policy of leading multiple retailers with regard to property development, ownership, and investment is examined. The discussion is set in the context of recent work in which locational decisions and corporate strategy are related to the economic concept of sunk costs. Policies to separate property ownership and management from the mainstream retail trading function appear to have been successfull, but some companies have lost money through overambitious programmes of property development. Sunk costs are of less significance than in other types of private enterprise.


Type de document :
Article de périodique

Source :
Environment and planning A, issn : 0308-518X, 1997, vol. 29, n°. 8, p. 1449-1464, Collation : Illustration, Références bibliographiques : 46 ref.

Date :
1997

Editeur :
Pays édition : Royaume-Uni, London, Pion