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A Penrosean theory of acquisitive growth
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Lockett, Andy and Wild, Andrew (2013) A Penrosean theory of acquisitive growth. Business History, Volume 55 (Number 5). pp. 790-817. doi:10.1080/00076791.2013.790370 ISSN 0007-6791.
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Official URL: http://dx.doi.org/10.1080/00076791.2013.790370
Abstract
Penrose's book The Theory of the Growth of the Firm presents a growth theory that overwhelmingly relates to organic growth, with little explicit focus on acquisitive growth. This article addresses the gap in her growth theory by drawing on the historical case of Enodis, and insights from the resource-based view of the firm, to develop a Penrosean theory of acquisitive growth. It concludes that acquisitive growth not only enables a firm to grow more quickly, but that under specific conditions, through its increase in the diversity of resources at the disposal of managers, it may act as a spur to future organic growth.
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | Business History | ||||
Publisher: | Routledge | ||||
ISSN: | 0007-6791 | ||||
Official Date: | 2013 | ||||
Dates: |
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Volume: | Volume 55 | ||||
Number: | Number 5 | ||||
Page Range: | pp. 790-817 | ||||
DOI: | 10.1080/00076791.2013.790370 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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