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Firm And Government As Actors In Penrose'S Process Theory Of International Growth: Implications For The Resource‐Based View And Ownership–Location– Internationalisation Paradigm

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  • Carol M. Connell

Abstract

Edith Penrose's The Theory of the Growth of the Firm proposed a process theory of growth based on the pursuit of knowledge by the firm and unconstrained by government. In her subsequent studies of foreign direct investment by large firms in developing countries, Penrose considers the firm and government as actors in the same growth process. This paper explores the development of Penrose's expanded process theory of growth from 1955 to 1973 in which she assumes that neither dual actors nor foreign expansion requires a new or special theory. This finding has implications for the resource‐based view and the eclectic ownership–location–internationalisation paradigm interpretations of international business.

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  • Carol M. Connell, 2008. "Firm And Government As Actors In Penrose'S Process Theory Of International Growth: Implications For The Resource‐Based View And Ownership–Location– Internationalisation Paradigm," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 48(2), pages 170-194, July.
    • Handle: RePEc:bla:ozechr:v:48:y:2008:i:2:p:170-194
    DOI: 10.1111/j.1467-8446.2008.00235.x
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    Cited by:

    1. Johan Krisnanto Runtuk & Poh Kiat Ng & Shih Yin Ooi & Remigius Purwanto & Arief Suardi Nur Chairat & Yu Jin Ng, 2023. "Sustainable Growth for Small and Medium-Sized Enterprises: Interpretive Structural Modeling Approach," Sustainability, MDPI, vol. 15(5), pages 1-12, March.
    2. Xuesong Li & Yunlong Ding & Yuxuan Li, 2019. "M-Government Cooperation for Sustainable Development in China: A Transaction Cost and Resource-Based View," Sustainability, MDPI, vol. 11(7), pages 1-17, March.

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