Abstract
In tracing the various motivating forces underlying expansion, the first possibility to be considered is that of organisation and planning leading to the economies of large-scale enterprise. Other possibilities followed up are mergers, for the purpose of establishing greater control over the sources of raw materials and markets, or for gaining the advantages of diversification, or simply to eliminate competition. The evolution of the industrial leviathans is then considered. The chapter concludes with a brief comment on the desirability of a favourable economic environment.
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Further Reading
G. C. Allen, Economic Fact and Fantasy (Institute of Economic Affairs 1967).
Arthur Beacham, Economics of Industrial Organisation, ed. L. J. Williams (Pitman 1962) ch. iii.
P. S. Florence, Ownership, Control and Success of Large Companies (Sweet & Maxwell 1961).
J. K. Galbraith, The New Industrial State (Hamish Hamilton 1967). The 1966 Reith Lectures.
Harry Miller, The Way of Enterprise, Institute of Economic Affairs (Andre Deutsch 1963).
R. W. Moon, Business Mergers and Take-Over Bids (Gee 1960).
B. Tew and R. F. Henderson, Studies in Company Finance, National Institute of Economic & Social Research (Cambridge University Press 1959).
Sir Thomas Robson, ‘Business Size and National Economic Growth’, Accountancy (Feb 1967).
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© 1969 K. Midgley and R. G. Burns
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Midgley, K., Burns, R.G. (1969). Reasons for Expansion. In: Business Finance & the Capital Market. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15309-1_11
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DOI: https://doi.org/10.1007/978-1-349-15309-1_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-10410-1
Online ISBN: 978-1-349-15309-1
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