How does top management team composition matter for continual growth? Reinvestigating Penrose’s growth theory through the lens of upper echelons theory
Purpose: Penrose’s argument regarding the managerial constraint on continual expansion over two consecutive periods is termed the “Penrose effect,” a relatively less investigated premise in Penrose’s growth theory. The purpose of this paper is to empirically re-examine the Penrose effect from the pe...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
Emerald
2018
|
| Online Access: | http://hdl.handle.net/20.500.11937/69584 |