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| Author: | Hannah, L. |
| Title: | Survival and size mobility among the world's largest 100 industrial corporations, 1912-1995 |
| Journal: | American Economic Review
1998 : MAY, VOL. 88:2, p. 62-65 |
| Index terms: | INDUSTRIES ECONOMICS COMPANIES |
| Language: | eng |
| Abstract: | It is commonly observed that, among the largest corporations of today, there are some, like Du Pont, Siemens, or Shell, that were already global giants in the first decade of the century. Equally clearly, some giants of that era have declined to a shadow of their former selves. U.S.Steel was the largest industrial corporation in the world before World War I. Now it is only a tiny fraction of that size (now rechristened USX). Which is the representative case? Does our collective memory play tricks exaggerating the chance of survival? |
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