The Turnover of Firms and Industry Growth

The Turnover of Firms and Industry Growth PDF Author: Dan Johansson
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
In a dynamic setting, every firm can be regarded as a “business experiment” with the objective to search and explore new business opportunities. It is suggested that the growth of an industry is enhanced by new-firm entry, since a positive correlation between the number of successes, i.e. fast-growing firms, and the number of business experiments is to be expected. Exit is necessary to sort out the firms that the market rejects. Hence, it is rather the entry and exit of firms that jointly should have a positive effect on growth, rather than the number of entries in isolation. This paper tests the hypothesis that a high turnover rate of firms has no, or a negative, effect on industry growth. The analysis is based on an extensive data set covering all Swedish IT firms that existed between 1994 and 1998. The turnover rate of firms is found to have a significantly positive effect on industry growth.

The Turnover of Firms and Industry Growth

The Turnover of Firms and Industry Growth PDF Author: Dan Johansson
Publisher:
ISBN:
Category :
Languages : en
Pages :

Get Book Here

Book Description
In a dynamic setting, every firm can be regarded as a “business experiment” with the objective to search and explore new business opportunities. It is suggested that the growth of an industry is enhanced by new-firm entry, since a positive correlation between the number of successes, i.e. fast-growing firms, and the number of business experiments is to be expected. Exit is necessary to sort out the firms that the market rejects. Hence, it is rather the entry and exit of firms that jointly should have a positive effect on growth, rather than the number of entries in isolation. This paper tests the hypothesis that a high turnover rate of firms has no, or a negative, effect on industry growth. The analysis is based on an extensive data set covering all Swedish IT firms that existed between 1994 and 1998. The turnover rate of firms is found to have a significantly positive effect on industry growth.

Measuring Entrepreneurial Businesses

Measuring Entrepreneurial Businesses PDF Author: John Haltiwanger
Publisher: University of Chicago Press
ISBN: 022645407X
Category : Business & Economics
Languages : en
Pages : 488

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Book Description
Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.

Competition, Firm Turnover and Productivity Growth

Competition, Firm Turnover and Productivity Growth PDF Author: John R. Baldwin
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper investigates the extent to which productivity growth is the result of firm turnover as output is shifted from one firm to another, driven by the competitive process. Turnover occurs as some firms gain market share and others lose it. Some of the resulting turnover is due to entry and exit. Another part arises from growth and decline in incumbent continuing firms. This paper proposes a method for measuring the impact of firm turnover on productivity growth and shows that this impact is far more important than many previous empirical studies have concluded. It argues that firm turnover associated with competition is the main source of aggregate labour productivity growth in Canadian manufacturing industries.

Competition, Firm Turnover and Productivity Growth

Competition, Firm Turnover and Productivity Growth PDF Author: John Russel Baldwin
Publisher:
ISBN: 9780662437888
Category : Labor productivity
Languages : en
Pages : 38

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Book Description
This paper investigates the extent to which productivity growth is the result of firm turnover as output is shifted from one firm to another, driven by the competitive process. Turnover occurs as some firms gain market share and other lose it. Some of the resulting turnover is due to entry and exit. Another part arises from growth and decline in incumbent continuing firms.

The Granularity of Growth

The Granularity of Growth PDF Author: Patrick Viguerie
Publisher: John Wiley & Sons
ISBN: 1118045475
Category : Business & Economics
Languages : en
Pages : 263

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Book Description
While growth is a top priority for companies of all sizes, it can be extremely difficult to create and maintain—especially in today’s competitive business environment. The Granularity of Growth will put you in a better position to succeed as it reveals why growth is so important, what enables certain companies to grow so spectacularly, and how to ensure that growth comes from multiple sources as you take both a broad and a granular view of your markets.

Future Profitability and Growth, and the Roles of Firm Life Cycle and Barriers-to-entry

Future Profitability and Growth, and the Roles of Firm Life Cycle and Barriers-to-entry PDF Author: Victoria Dickinson
Publisher:
ISBN:
Category :
Languages : en
Pages : 150

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Book Description


Firm Turnover in Dutch Business Services

Firm Turnover in Dutch Business Services PDF Author: Henry P. Wiel
Publisher:
ISBN:
Category : Service industries
Languages : en
Pages : 78

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Book Description


The Turnover and Mortality of Manufacturing Firms in the Hartford, Connecticut, Economic Area, 1953-1958

The Turnover and Mortality of Manufacturing Firms in the Hartford, Connecticut, Economic Area, 1953-1958 PDF Author: William N. Kinnard
Publisher:
ISBN:
Category : Business failures
Languages : en
Pages : 146

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Book Description


Grow

Grow PDF Author: Jim Stengel
Publisher: Crown Currency
ISBN: 0307720373
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
Ten years of research uncover the secret source of growth and profit … Those who center their business on improving people’s lives have a growth rate triple that of competitors and outperform the market by a huge margin. They dominate their categories, create new categories and maximize profit in the long term. Pulling from a unique ten year growth study involving 50,000 brands, Jim Stengel shows how the world's 50 best businesses—as diverse as Method, Red Bull, Lindt, Petrobras, Samsung, Discovery Communications, Visa, Zappos, and Innocent—have a cause and effect relationship between financial performance and their ability to connect with fundamental human emotions, hopes, values and greater purposes. In fact, over the 2000s an investment in these companies—“The Stengel 50”—would have been 400 percent more profitable than an investment in the S&P 500. Grow is based on unprecedented empirical research, inspired (when Stengel was Global Marketing Officer of Procter & Gamble) by a study of companies growing faster than P&G. After leaving P&G in 2008, Stengel designed a new study, in collaboration with global research firm Millward Brown Optimor. This study tracked the connection over a ten year period between financial performance and customer engagement, loyalty and advocacy. Then, in a further investigation of what goes on in the “black box” of the consumer’s mind, Stengel and his team tapped into neuroscience research to look at customer engagement and measure subconscious attitudes to determine whether the top businesses in the Stengel Study were more associated with higher ideals than were others. Grow thus deftly blends timeless truths about human behavior and values into an action framework – how you discover, build, communicate, deliver and evaluate your ideal. Through colorful stories drawn from his fascinating personal experiences and “deep dives” that bring out the true reasons for such successes as the Pampers, HP, Discovery Channel, Jack Daniels and Zappos, Grow unlocks the code for twenty-first century business success.

Industrial Competition, Shifts in Market Share and Productivity Growth

Industrial Competition, Shifts in Market Share and Productivity Growth PDF Author: John R. Baldwin
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper investigates the extent to which productivity growth is the result of turnover - the process that shifts output from one firm to another as a result of the competitive process. Turnover occurs because some firms gain market share and others lose it. Some turnover is due to entry and exit. The other part arises from growth and decline in incumbent continuing producers. The paper proposes a method for measuring the impact of plant turnover on productivity growth and outlines how this contribution has changed in Canada as a result of substantial trade liberalization in the 1990s.