Critically compare the theoretical perspectives of Coase (1937) and Penrose (1959) in terms of their views on (i) the size of firms and (ii) the growth of firms.

Critically compare the theoretical perspectives of Coase (1937) and Penrose (1959) in terms of their views on (i) the size of firms and (ii) the growth of firms..

Critically compare the theoretical perspectives of Coase (1937) and Penrose (1959) in terms of their views on (i) the size of firms and (ii) the growth of firms.
Complete this task using all theories covered of this module – Transaction cost theory of the firm (Coase, 1937), Penrose’s the theory of the growth of the firm (Penrose, 1959), Adverse selection (Akerlof, 1970), Agency theory (Eisenhardt, 1989), 5 Forces analysis (Porter, 1980), Resource-based view of the firm (Barney, 1991), Monopolistic advantage theory of MNE (Hymer, 1960), and Internalization theory of MNE (Hennart, 1999).

Critically compare the theoretical perspectives of Coase (1937) and Penrose (1959) in terms of their views on (i) the size of firms and (ii) the growth of firms.