Lockett, Andy; Wiklund, Johan; Davidsson, Per; Girma, … - 2011
acquisitive growth. In this paper we extend Penrose’s work to examine that the relative impact of organic and acquisitive growth … current organic growth. Second, previous acquisitive growth has a positive effect on current organic growth. We conclude that … organic growth and acquisitive growth constitute two distinct strategic options facing the firm, which have a differential …