The Review of Economics and Statistics Vol. 39 No. 1 1957
Turnover and Growth of the Largest Industrial Firms, 1906-1950
Abstract
IN recent years, considerable interest has been shown in the growth pattern and turnover rates of the largest firms. Instead of viewing the giant firm with the suspicion born of classical and neo-classical market theory, exponents of the new competition have argued that giant firms are the engines of eco-* nomic progress.1 The role of market forces in determining the growth of firms has been supplanted by the management function.2 This current interest in the giant firm adds relevance to the examination of the hypotheses which are to be tested in this paper.3 The first hypothesis is concerned with the causes of growth of the largest firms, while the second examines the turnover rates of the giants.
- DOI
- 10.2307/1926224
- Volume
- 39
- Issue
- 1
- Pages
- 79
- Sources
- openalex crossref