The Growth of Firms, Competition and the Maturity of Industry
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...
| Main Authors: | , |
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| Format: | Conference Paper |
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Industry Economics
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/41516 |
| _version_ | 1848756167506919424 |
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| author | Bloch, Harry Finch, J. |
| author_facet | Bloch, Harry Finch, J. |
| 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 | 2025-11-14T09:07:54Z |
| format | Conference Paper |
| id | curtin-20.500.11937-41516 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:07:54Z |
| publishDate | 2005 |
| publisher | Industry Economics |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-415162017-01-30T14:52:23Z The Growth of Firms, Competition and the Maturity of Industry Bloch, Harry Finch, J. 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 Conference Paper http://hdl.handle.net/20.500.11937/41516 Industry Economics fulltext |
| spellingShingle | economic development utilization industries capacity firms Bloch, Harry Finch, J. The Growth of Firms, Competition and the Maturity of Industry |
| title | The Growth of Firms, Competition and the Maturity of Industry |
| title_full | The Growth of Firms, Competition and the Maturity of Industry |
| title_fullStr | The Growth of Firms, Competition and the Maturity of Industry |
| title_full_unstemmed | The Growth of Firms, Competition and the Maturity of Industry |
| title_short | The Growth of Firms, Competition and the Maturity of Industry |
| title_sort | growth of firms, competition and the maturity of industry |
| topic | economic development utilization industries capacity firms |
| url | http://hdl.handle.net/20.500.11937/41516 |