In this short research note we investigate the role of diversification in the firm growth process. We build on Penrose's (1959) Theory of the Growth of the Firm to formulate hypotheses about growth of employment, assets, and sales in the years before, during and after a new product introduction....

This paper investigates, using a unique panel dataset of Korean manufacturing firms, the relationship between technological diversification and firm growth and the conditioning role of firm-specific core-technology competence in the relationship. First, the relationship is inverted U-shaped...

As an increasing number of large corporations branch out into many fields of industry, public concern over the lateral extension of their power is aroused. Arguing that entry by large firms into concentrated industries may instead stimulate competition, Charles H. Berry analyzes the effect that...