Holdup, the risk that a party other than the investment will capture some of the income from the investment plays an important role in business decision-making on organizational and investment strategies of firms. Oliver Williamson was one of the first to identify the importance of the delay and the investigation of its effects. Much of our understanding of the delay in the strategy and in other areas of science can be traced to his contribution. "Hide
by Benjamin E. Hermalin Source: California Management Review 7 pages. Publication Date: 01 February 2010. Prod. #: CMR451-PDF-ENG
