Processes of firm growth and diversification: theory and evidence
Investigating the role of diversification in the firm growth process, we build on Penrose's (The theory of the growth of the firm. Oxford University Press, Oxford, 1959) Theory of the Growth of the Firm to formulate hypotheses about growth of employment, assets and sales in the years before, du...
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| Veröffentlicht in: | Small business economics 2014-12, Vol.43 (4), p.857-871 |
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| container_title | Small business economics |
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| creator | Coad, Alex Guenther, Christina |
| description | Investigating the role of diversification in the firm growth process, we build on Penrose's (The theory of the growth of the firm. Oxford University Press, Oxford, 1959) Theory of the Growth of the Firm to formulate hypotheses about growth of employment, assets and sales in the years before, during and after a new product introduction. We exploit a new database from the German machine tool industry that boasts a detailed and meaningful definition of diversification. Our exploratory analyses indicate that diversification, in terms of product introductions, is preceded by employment growth. Moreover, we find support that diversification is positively associated with subsequent asset growth, but negatively associated with subsequent employment growth. |
| doi_str_mv | 10.1007/s11187-014-9566-4 |
| format | Article |
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Moreover, we find support that diversification is positively associated with subsequent asset growth, but negatively associated with subsequent employment growth.</description><identifier>ISSN: 0921-898X</identifier><identifier>EISSN: 1573-0913</identifier><identifier>DOI: 10.1007/s11187-014-9566-4</identifier><language>eng</language><publisher>Boston: Springer</publisher><subject>Business and Management ; Business growth ; Business structures ; Diversification ; Economic growth ; Economic models ; Economic statistics ; Economic theory ; Employment ; Employment creation ; Entrepreneurship ; Firm value ; Growth models ; Growth rates ; Growth theory ; Human resources ; Hypotheses ; Industrial Organization ; Innovations ; Machine tool industry ; Machine tools ; Management ; Microeconomics ; New employees ; Organizational effectiveness ; Organizational research ; Planning ; Product diversification ; Product innovation ; Product introduction ; Production capacity ; Research and development ; Sales growth ; Small business ; Studies</subject><ispartof>Small business economics, 2014-12, Vol.43 (4), p.857-871</ispartof><rights>Springer Science+Business Media 2014</rights><rights>Springer Science+Business Media New York 2014</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c435t-df3548b8ef778e00dc071a5b9f7c4d9e536408922d2ef1be4fb1113e8db7bf283</citedby><cites>FETCH-LOGICAL-c435t-df3548b8ef778e00dc071a5b9f7c4d9e536408922d2ef1be4fb1113e8db7bf283</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/43553023$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/43553023$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,27901,27902,41464,42533,51294,57992,58225</link.rule.ids></links><search><creatorcontrib>Coad, Alex</creatorcontrib><creatorcontrib>Guenther, Christina</creatorcontrib><title>Processes of firm growth and diversification: theory and evidence</title><title>Small business economics</title><addtitle>Small Bus Econ</addtitle><description>Investigating the role of diversification in the firm growth process, we build on Penrose's (The theory of the growth of the firm. 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Oxford University Press, Oxford, 1959) Theory of the Growth of the Firm to formulate hypotheses about growth of employment, assets and sales in the years before, during and after a new product introduction. We exploit a new database from the German machine tool industry that boasts a detailed and meaningful definition of diversification. Our exploratory analyses indicate that diversification, in terms of product introductions, is preceded by employment growth. Moreover, we find support that diversification is positively associated with subsequent asset growth, but negatively associated with subsequent employment growth.</abstract><cop>Boston</cop><pub>Springer</pub><doi>10.1007/s11187-014-9566-4</doi><tpages>15</tpages></addata></record> |
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| language | eng |
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| source | Jstor Complete Legacy; SpringerLink Journals; EBSCOhost Business Source Complete |
| subjects | Business and Management Business growth Business structures Diversification Economic growth Economic models Economic statistics Economic theory Employment Employment creation Entrepreneurship Firm value Growth models Growth rates Growth theory Human resources Hypotheses Industrial Organization Innovations Machine tool industry Machine tools Management Microeconomics New employees Organizational effectiveness Organizational research Planning Product diversification Product innovation Product introduction Production capacity Research and development Sales growth Small business Studies |
| title | Processes of firm growth and diversification: theory and evidence |
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