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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, <CitationRef CitationID="CR30">1959</CitationRef>) Theory of the Growth of the Firm to formulate hypotheses about growth of employment, assets and sales in the years before,...</citationref>
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We focus on the relationship between age and diversification patterns of German machine tool manufacturers in the post-war era. We distinguish between ‘minor diversification’ (adding a new product variation within a familiar submarket) and ‘major diversification’ (expanding the product...
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We explore the extent to which organizational capabilities are location-specific by studying the location choices and longevity of East German machine tool producers that relocated to West Germany after World War II. Relocating firms were similar in performance to experienced West German...
Persistent link: https://www.econbiz.de/10009148764
The paper investigates the stability and change of regional economic activities in the long run. As the unit of analysis, we selected the machine tool industry in West Germany for the years 1953--2002. We spot a strong variance in the activities between different regions. These differences are...
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Plain English Summary David B. Audretsch was named a 2021 Clarivate Citation Laureate, together with four other colleagues in the field of economics. A Clarivate Citation Laureate is recognized as having a research record and impact commensurate with that deemed to be 'of Nobel class.' This...
Persistent link: https://www.econbiz.de/10014501701
Plain English Summary Publishing entrepreneurship research is not just important but challenging. Longstanding experts in the field can provide helpful advice. As borders between academic fields blur, research fields are increasingly global in their perspective, knowledge, and findings, thus...
Persistent link: https://www.econbiz.de/10014501753