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Preferred term

asset specificity  

Definition

  • Asset specificity is the degree to which an asset cannot be redeployed to alternative uses and by alternative users without sacrificing the productive value of the asset. Assets are specific to a transaction when they are highly specialized and have no purpose outside of a particular buyer-seller relationship. [Source: International Encyclopedia of Organization Studies; Asset Specificity]

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URI

https://concepts.sagepub.com/social-science/concept/asset_specificity

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