This paper explores the co-evolution of third stream activities in UK higher education from 1970 to 2008. Drawing on interviews and archival analysis it identifies four distinct periods through which third stream activities have co-evolved. The research suggests that the co-evolution of the...

Penrose's book <italic>The Theory of the Growth of the Firm</italic> presents a growth theory that overwhelmingly relates to organic growth, with little explicit focus on acquisitive growth. This article addresses the gap in her growth theory by drawing on the historical case of Enodis, and insights from the...

This paper assesses the role of historical analysis in the development of the RBV, focusing on the work of Edith Penrose. Drawing on Penrose's own work, and her correspondence with her teacher and colleague Professor Fritz Machlup, the article argues that historical analysis was central to the...

This article examines why British firms adopted diversification strategies and multi-divisional structures in the middle of the twentieth century and why this strategy and structure was reversed towards the end. Corporate governance mechanisms and the impact on information costs of such...

This paper analyses the development of management buy-outs and similar transactions as an organisational innovation in the UK. Their development is situated in the context of the historical development of organisations which has previously emphasised shifts from family capitalism sto managerial...

Based on their earlier work on managerial capitalism and the literature on financialisation, P. Folkman, J. Froud, S. Johal, and K. Williams (2007, 'Working for themselves: Financial intermediaries and present day capitalism', Business History, 49(4), 552-572) argue that the rise of capital...