The growth of firms, competition and maturity of industries
We develop a three-way categorization of capacity and its utilization covering micro, meso and macro framings, beginning with the approaches of Marshall, Steindl and Penrose. Within firms, we combine Steindl?s analysis on fixed capital with Penrose?s consideration of resources, including a higher-or...
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| Format: | Working Paper |
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School of Economics and Finance, Curtin Business School
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/33604 |
| _version_ | 1848753993096888320 |
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| author | Bloch, Harry |
| author_facet | Bloch, Harry |
| author_sort | Bloch, Harry |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | We develop a three-way categorization of capacity and its utilization covering micro, meso and macro framings, beginning with the approaches of Marshall, Steindl and Penrose. Within firms, we combine Steindl?s analysis on fixed capital with Penrose?s consideration of resources, including a higher-order form of capacity. We examine the implications of capacity expansion for competition and for the maturity of the industry, which reflects back on the value of the firm. We then argue that our higher-order concept of capacity can be made operational for empirical study by identifying a critical bottleneck that restrains firm growth at each point in its development. |
| first_indexed | 2025-11-14T08:33:20Z |
| format | Working Paper |
| id | curtin-20.500.11937-33604 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:33:20Z |
| publishDate | 2005 |
| publisher | School of Economics and Finance, Curtin Business School |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-336042017-01-30T13:38:06Z The growth of firms, competition and maturity of industries Bloch, Harry economic development utilization industries capacity firms We develop a three-way categorization of capacity and its utilization covering micro, meso and macro framings, beginning with the approaches of Marshall, Steindl and Penrose. Within firms, we combine Steindl?s analysis on fixed capital with Penrose?s consideration of resources, including a higher-order form of capacity. We examine the implications of capacity expansion for competition and for the maturity of the industry, which reflects back on the value of the firm. We then argue that our higher-order concept of capacity can be made operational for empirical study by identifying a critical bottleneck that restrains firm growth at each point in its development. 2005 Working Paper http://hdl.handle.net/20.500.11937/33604 School of Economics and Finance, Curtin Business School fulltext |
| spellingShingle | economic development utilization industries capacity firms Bloch, Harry The growth of firms, competition and maturity of industries |
| title | The growth of firms, competition and maturity of industries |
| title_full | The growth of firms, competition and maturity of industries |
| title_fullStr | The growth of firms, competition and maturity of industries |
| title_full_unstemmed | The growth of firms, competition and maturity of industries |
| title_short | The growth of firms, competition and maturity of industries |
| title_sort | growth of firms, competition and maturity of industries |
| topic | economic development utilization industries capacity firms |
| url | http://hdl.handle.net/20.500.11937/33604 |