University of St.Gallen
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The Human Factor: Resource-Based Thresholds to Optimum Firm Growth

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abstract One of the most controversial issues in the growth literature is whether there is an optimal growth rate that maximizes firm performance. Contrary to prior research, we argue that optimum growth rates are firm-specific and, as such, cannot be established across whole populations of firms. Drawing on the literature on the resource-based view of the firm, we develop a model of optimum firm growth. Our research suggests that there are firm-specific corridors of optimum growth and that they may have a significant effect on firms' long term-performance. Thereby, a company’s minimum growth requirement is determined by its amount of human resource slack and the upper boundary of growth arises out of the “Penrose effect”.
   
type conference paper (English)
   
keywords Growth, performance, resource-based view, productivity, human resource slack, Penrose effect.
   
name of conference The 27th SMS (Stratecic Management Society) Annual International Conference (San Diego)
date of conference 14-10-2007
review not reviewed
   
citation Ferlic, F., & Raisch, S. (2007). The Human Factor: Resource-Based Thresholds to Optimum Firm Growth. In .