Examining the Penrose effect in an inter
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Danchi Tan; Joseph T. Mahoney
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Article
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2005
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John Wiley and Sons
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English
β 172 KB
## Abstract Penrose (1959) theoretically developed the research proposition that the finite capacities of a firm's internally experienced managers limit the rate at which the firm can grow in a given period of time. One empirical implication that follows logically from this line of reasoning is tha