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Author: Haibo Zhou
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Firm growth is an important indicator of a thriving economy. Although the determinants of firm growth have been studied in various disciplines, an integrated analysis is still lacking. This paper attempts to provide such an analysis. Many determinants of firm growth are summarized and classified into three dimensions: individual, organizational, and environmental determinants. By conducting an empirical study using 523 Dutch small and medium sized firms, we identify the determinants of firm growth which is measured by employment growth. Our findings show that environmental determinants do not affect firm growth. Individual ones do: entrepreneurs with growth motivation and having technical knowledge are more likely to grow their firms while entrepreneurs characterized by a strong need of achievement are less likely to engage in firm growth. Organizational determinants have the most influence on firm growth: the older the firm, the less likely it is to grow. Availability of financial capital is found to be crucial to firm growth. Finally, the firm's scalability (its preparedness to grow) is found to have a positive impact on firm growth.
Author: Haibo Zhou
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Firm growth is an important indicator of a thriving economy. Although the determinants of firm growth have been studied in various disciplines, an integrated analysis is still lacking. This paper attempts to provide such an analysis. Many determinants of firm growth are summarized and classified into three dimensions: individual, organizational, and environmental determinants. By conducting an empirical study using 523 Dutch small and medium sized firms, we identify the determinants of firm growth which is measured by employment growth. Our findings show that environmental determinants do not affect firm growth. Individual ones do: entrepreneurs with growth motivation and having technical knowledge are more likely to grow their firms while entrepreneurs characterized by a strong need of achievement are less likely to engage in firm growth. Organizational determinants have the most influence on firm growth: the older the firm, the less likely it is to grow. Availability of financial capital is found to be crucial to firm growth. Finally, the firm's scalability (its preparedness to grow) is found to have a positive impact on firm growth.
Author: Richard Barkham
Publisher: Routledge
ISBN: 1135073597
Category : Architecture
Languages : en
Pages : 182
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Book Description
One of the most striking trends in economic development since the 1970s has been the rising importance of the small firm. Focusing on the issues of enterprise development and the regional dimensions of small-firm growth, this book explores the literature of this area. Moving from an analysis of measures of growth to the effects of both internal and external variables - arguing that the owner-manager has a key role in the growth performance of the firm - the authors explore regional disparities in, and constraints on, growth, and make significant advances in the policy debate on understanding how faster growth can be achieved.
Author: Dena Dail Breece
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Richard Barkham
Publisher: Psychology Press
ISBN: 0117023582
Category : Small business
Languages : en
Pages : 182
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Book Description
Focusing on the issues of enterprise development and the regional dimensions of small-firm growth, this book explores the literature of this area.
Author: Per Davidsson
Publisher: Now Publishers Inc
ISBN: 1601983565
Category : Business & Economics
Languages : en
Pages : 111
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Book Description
Small Firm Growth comprehensively reviews the empirical literature on small firm growth to highlight and integrate what is known about this phenomenon and take stock of what past experiences of researching this area implies for how the phenomenon can or should be studied in future research.
Author: Fadil Sahiti
Publisher: Springer
ISBN: 3030148211
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
This book contributes to the microeconomics of growth among SMEs in less-developed countries. It begins with an overview of the Kosovo economy, and takes the case of Kosovo to explore the dynamics and determinants of firm growth. The author does this by exploring dynamics of firms' creation; survival and exit; organisational capabilities of firms; and looks at how external (environmental) factors affect firms' growth. The author pays special attention to innovation capabilities. This study makes a major contribution to European Studies by dealing for the first time with economic development in Kosovo. This book will be of relevance to development specialists including policy makers, researchers, consultants, students, and field staff of donor organisations active in Kosovo, the wider Balkan region and other low-income countries. It will also be of value to policy makers working in fields of economic development, entrepreneurship, industrial policy and innovation policy, and European and EU studies.
Author: Alex Coad
Publisher: Edward Elgar Publishing
ISBN: 1848449100
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.
Author: Edith Penrose
Publisher: Oxford University Press
ISBN: 0199573840
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
Edith Penrose's tightly argued classic laid the foundations for the resource based view of the firm, now the dominant framework in business strategy She analyses managerial activities and decisions, organizational routines, and also the factors that inevitably limit a firm's growth prospects. --from publisher's description.
Author: Hoang Pham
Publisher:
ISBN:
Category :
Languages : en
Pages : 25
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Book Description
This paper is aimed at investigating the effect of ownership structure and firm size on firm growth. While the relationship between ownership structure and firm performance has been discussed in numerous studies, inadequate attention is drawn on the correlation between ownership structure and growth indicators of firm performance. For the case of Vietnam, there is still a significant gap in knowledge on this issue. Employing the fixed-effect regression with Driskoll-Kraay standard errors for a sample of 2056 firm-year observations for the period from 2008-2015, we find that ownership structure is indeed an important determinant of firm growth, which is also dependent on financial leverage, initial earnings, and corporate diversification. Additionally, we show that Gibrat's law is valid for the Vietnamese firms. The results of this research contribute to an enhanced understanding of the influencing factors of firm growth, which are helpful to propose some policy recommendations.
Author: Marcio Genovevo da Costa
Publisher:
ISBN:
Category :
Languages : en
Pages : 50
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Book Description
There is a wide range of literature on the theory of firm growth with contradictory results. However, hardly any studies touch the determinants of firm growth taking Swiss listed firms into consideration. For this purpose we apply a pooled and fixed effects panel regression to a set of firm specific and macroeconomic variables. The sample comprises 349 Swiss listed firms yielding more than 2,000 observations from 1999 to 2014. We are able to reject Gibrat's Law stating that large firms grow faster than small ones. Furthermore, we find evidence for significantly larger growth rates in the consumer sector, which includes the pharmaceutical industry, in comparison to other sectors. From a macroeconomic point of view growth rates in GDP and inflation are important determinants of firm growth showing up a positive relationship. The domestic stock market does predict growth rates adequately since there is a significant positive relationship between the Swiss Market Index and the applied dependent variables. On a firm specific level we examine that mature firms tend to grow slower than young companies. Leverage is positively related to firm growth as well as profitability. Finally, we indicate that family owned businesses grow slower than non-family owned firms.
