Configurations of slack and their performance implications: an examination of high‐tech IPOs

Purpose This study aims to improve the understanding of the relationship between organizational slack and firm performance for high technology initial public offerings (IPOs). Design/methodology/approach Using cluster analysis the paper investigates configurations of slack and their associated performance implications. Findings The findings indicate the existence of distinct configurations of slack resources and associated performance differences among the configurations. Implications of the findings for managerial practice and future research are discussed. Originality/value The purpose of this study is to extend slack measurement research by examining the slack and performance relationship in high‐technology IPOs from a configurational perspective.