| Abstract: | Summary The theories of the growth of the firm of Mrs. E. Penrose, W. Baumol, R. Marris and H. Albach have two features in common,viz., the formulation of the firm's goal in terms of growth and the analysis of growth stimulating and growth impeding factors.
As limiting factors the managerial and the financial restraint, with the “take-over” menace as a special case, get special
attention. The analysis of the financial restraint shows the interdependence of limitations to productive capacity and extension
of sales as factors setting a limit to the growth of the firm. If the assumption of fixed prices is dropped and a sales function
is introduced, both capacity and market restrictions can be included in one comprehensive model.
De schrijver dankt A. Heertje voor diens stimulerende kritiek. |
