Abstract
In serveral papers, H. Albach has stressed the importance of the analysis of growth of firms for the development of management science and the understanding of economic systems (Albach 1967a, 1967b; 1976). In fact, the literature on corporate growth or, more generally, on firm dynamics has considerably increased in the last years and probably for two separate reasons: (1) The diffusion of the knowledge of control theory has given to economists a very convenient tool to extend to dynamics the scope of optimization. (2) The firm is more and more recognized as an anticipating, planning, adapting organism plunged into a changing environment and having to face delays, rigidities and uncertainties.
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References
Albach, H. (1967a): Simulation models of firm growth. The German Economic Review, Vol. 5, Number 1
Albach, H. (1967b): Un modelo de comportamiento del crecimiento de la empresa. Boletin de Estudios Economicos, Vol. 22
Albach, H. (1976): Kritische Wachstumschwellen in der Unternehmensentwicklung. Zeitschrift für Betriebswirtschaft, 46. Jg., N. 10
Bensoussan, A., Lesourne, J. (1976): Optimal growth of a self-financing firm in an uncertain environment, Paper presented at the European meeting of the Econometric Society, Helsinki. An extended version of this paper will be published by North-Holland
Bensoussan, A., Lesourne, J. (1979): Optimal growth of a firm facing a risk of bankruptcy. Working paper no 9 Travaux du Laboratoire d’Econométrie du CNAM, Série théorique. To be published in 1981 in Infor Journal
Thépot, J. (1980): Politique commerciale des entreprises d’un duopole dans une économie en croissance, Institut Européen de Recherche et d’Etudes Supérieures en Management
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© 1981 Springer-Verlag Berlin Heidelberg
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Bensoussan, A., Lesourne, J. (1981). Growth of Firms: A Stochastic Control Theory Approach. In: Brockhoff, K., Krelle, W.E. (eds) Unternehmensplanung. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-68000-7_7
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DOI: https://doi.org/10.1007/978-3-642-68000-7_7
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