Illinois at Urbana−Champaign Abstract Penrose (1959) theoretically developed the research proposition that the finite capacities of a firm’s internally experienced managers limit the rate at which the firm can grow in a given period of time. One empirical implication that follows logically from this line of reasoning is that a fast−growing firm will eventually slow down its growth in the subsequent time period because its firm−specific management team‚ which is posited to be inelastic at least in
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Mark Satterthwaite and Birger Wernerfelt for helpfiul discussions on earlier drafts. The Strategic Management Program at Stanford Business School provided financial support. / ~‘N ~ Abstract This article surveys the theoretical and empirical literature on mechanisms that confer advantages and disadvantages on first-mover firms. Major conceptual issues are addressed‚ and recommendations are given for future research. Managerial implications are also considered. INTRODUCTION What
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measurement as follows: The quest for better risk measures is not simply an amusing exercise that accomplishes only the satisfaction of permitting academics to play with their computers. It has important implications for protecting investors. Early empirical research‚ using utility-based models‚ suggested that risk might he measured by return distribution moments such as variance and skewness (Coombes and Bowen 1971. Cooley 1977). Recent studies suggest that the observed correlation between return distribution
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In this essay the concepts of empiricism and empirical methods and their use in geography will be critically discussed. The main points that will be discussed include the origins of empiricism‚ what empiricism means‚ why empiricism might be useful‚ what empirical methods are‚ the advantages and disadvantages of empirical methods‚ how they are applied in geography including examples and the benefits of applying these in geography. Starting with the origins of empiricism‚ Aristotle was the first
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Thucydides Versus Plato: Differing Views of the Good Life What is the true nature of the Good Life? Is it living life with concern for only oneself despite the possible consequences of one’s action on others? Or might it involve self-sacrifice in effort to do what one feels is right or just? Is it descriptive‚ or perhaps prescriptive? Two prominent Greeks‚ Thucydides and Plato‚ began providing answers to these questions over 25 centuries ago as they analyzed and wrote critically about life’s
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Empirical Chemicals‚ LTD. (A): The Merseyside Project Is the proposed $7 million expenditure to renovate and rationalize the polypropylene production line at the Merseyside Plant to exploit opportunities and achieve increased production efficiency worth it? They are under pressure from investors to improve financial performance because Earnings per Share Have dropped from $12.75 in 1990 to $4.55 in 1991. Based on the four criterions that EC holds new projects to‚ I believe that this project
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of necessity that I have given in the introduction‚ I have tried to incorporate the different sections in Thucydides History to justify my arguments of what is a war of necessity and in what circumstances would it be necessary for states to go to war with each other. By incorporating different sections into my arguments‚ I try to ensure that I have a more well-rounded understanding of Thucydides viewpoints and not take any of his viewpoints out of context. With the above in mind‚ I have put forth two
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In Thucydides’‚ The History of The Peloponnesian War‚ there are many themes that are illustrated throughout various passages. One major theme can be found in book 2‚ chapter 53‚ where Thucydides describes the situation in Athens after it had been stricken with plague during the Peloponnesian War. Thucydides uses his account of the plague to suggest that war is a violent teacher. Among other passages in his work he also suggests that in war‚ no matter how wealthy and prepared the participants may
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STATISTICS TEST Length: 1090 words (3.1 double-spaced pages) Rating: Red (FREE) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Statistics are necessary for scientific research because they allow the researchers to analyze empirical data needed to interpret the findings and draw conclusions based on the results of the research. According to Portney and Watkins (2009)‚ all studies require a description of subjects and responses that are obtained through measuring central tendency
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UNLV Theses/Dissertations/Professional Papers/Capstones 12-1-2010 Management research in the hospitality and tourism industry Xu Cheng University of Nevada‚ Las Vegas Follow this and additional works at: http://digitalscholarship.unlv.edu/thesesdissertations Part of the Business Administration‚ Management‚ and Operations Commons‚ Hospitality Administration and Management Commons‚ and the Recreation‚ Parks and Tourism Administration Commons Repository Citation Cheng‚ Xu‚ "Management
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