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Keywords: Penrose effect
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Journal Articles
Journal:
Management Decision
Management Decision (2019) 57 (1): 41–70.
Published: 25 June 2018
...Wein-Hong Chen; Min-Ping Kang; Bella Butler Purpose Penrose’s argument regarding the managerial constraint on continual expansion over two consecutive periods is termed the “Penrose effect,” a relatively less investigated premise in Penrose’s growth theory. The purpose of this paper...
