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This paper offers a critical review of the ‘single argument’ that underpins Penrose’s (1959) study, The Theory of the Growth of the Firm (TGF) It aims to complement and counter-point recent examinations of Penrose’s influence on strategic management, and on the resource-based view (RBV) in particular, including Jacobsen’s (2011) study. The paper examines six components of the argument, tracing their inter-connected journey towards TGF’s relatively neglected final chapters, which address the economic consequences of the growth of large firms. It also reflects on the implications for economic development research, with reference to Penrose’s later (1992) critique of contemporary liberalisation policies.
|Item Type:||Journal Article|
|Copyright Holders:||2013 Routledge|
|Keywords:||Edith Penrose; firms; growth; economic development|
|Academic Unit/Department:||Open University Business School|
|Depositing User:||Richard Blundel|
|Date Deposited:||28 Aug 2012 12:52|
|Last Modified:||27 Oct 2012 22:51|
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