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Organic and Acquisitive Growth: Re-examining, Testing and Extending Penrose's Growth Theory

Andy Lockett, Johan Wiklund, Per Davidsson, Sourafel Girma

Journal of Management Studies, 2009. DOI 10.1111/j.1467-6486.2009.00879.x

Has this study been replicated?

The atlas records 1 replication of this study. Recorded outcomes: 1 mixed. The earliest on record is from 2026.

Replications

• Acquisitive and Organic Growth in Penrose's Theory: A Replication and Extension of Lockett, Wiklund, Davidsson, Girma (2011), Lucini-Paioni et al. (2026). Entrepreneurship Theory and Practice. Outcome recorded: mixed. Our results confirm LWDG's finding that past organic growth negatively affects subsequent organic growth. However, unlike LWDG, reporting a positive association, we find that past acquisitive growth reduces subsequent organic growth. Outcome read from the abstract. View paper

Cite this record

Lockett, A., Wiklund, J., Davidsson, P., & Girma, S. (2009). Organic and Acquisitive Growth: Re-examining, Testing and Extending Penrose's Growth Theory. Journal of Management Studies, 48(1), 48–74. Portico. https://doi.org/10.1111/j.1467-6486.2009.00879.x

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• Index

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