Purpose – The paper aims to address how firms make strategic adjustment to the changing resource availability in different monetary policy conditions and how the stickiness of cost influences the strategic adjustment, and to dig out the major internal and industrial factors that influence the...

Purpose – This paper seeks to draw out the main themes of the debate on the current financial crisis as published in the special issue of critical perspectives on international business Vol. 5 Nos 1/2 (2009) and place them in the context of subsequent events. It also considers what conclusions...