(en) Until recently, there has been a widespread belief, in Europe, that the large size of corporations is an asset and may be the best way to meet the "American Challenge".
Large corpotate organizations, it hs been argued, can realize Superior performance, because they have all of the options of small firms and, in addition, they can act in fields requiring such scale that small firms are excluded.
However, recent studies have cast some doubt on this belief. As far as the largest European firms are concerned, no evidence of increasing profits, faster growth or more intensive research efforts could be found to support the myth of "the bigger the better” (see for example J. ADAMS [1] and JACQUEMIN and CARDON [7]).
Jacquemin, A., & Saëz, W. (1974). Compared Performance of the Largest European and Japanese Industrial Firms (Working Papers Institut des sciences économiques 7414). https://hdl.handle.net/2078.5/275757