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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

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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
Divisions: Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management
Faculty of Social Sciences > Warwick Business School
Journal or Publication Title: Business History
Publisher: Routledge
ISSN: 0007-6791
Official Date: 2013
Dates:
DateEvent
2013Published
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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