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High-growth firms: Not so vital after all?
HUI Research, Stockholm, Sweden; Dalarna University, Borlänge, Sweden.
The Ratio Institute, Stockholm, Sweden.
HUI Research, Stockholm, Sweden.ORCID iD: 0000-0003-3362-5755
2016 (English)In: International Review of Entrepreneurship, ISSN 2009-2822, Vol. 14, no 4, p. 377-394Article in journal (Refereed) Published
Abstract [en]

High-growth firms have received considerable interest recently since they create most of the new jobs in the economy. The purpose of our paper is to investigate the characteristics of high-growth firms prior to their growth period, and whether these characteristics differ across industries. Using data on a large sample of limited liability firms in Sweden for the period 2007-2010, we find that high-growth firms do not have the characteristics that we typically associate with successful firms. On the contrary, our results indicate that high-growth firms initially have low profits and a weak financial position. This might explain why studies have found that so few high-growth firms are capable of sustaining their high growth rates in subsequent periods, and thus question policies that are targeted towards these companies.

Place, publisher, year, edition, pages
Senate Hall Academic Publishing , 2016. Vol. 14, no 4, p. 377-394
Keywords [en]
entrepreneurship, firm growth, gazelles, high-growth firms, high-impact firms, innovation
National Category
Economics and Business
Research subject
Research Profiles 2009-2020, Complex Systems – Microdata Analysis
Identifiers
URN: urn:nbn:se:oru:diva-76239ISI: 000391423800001OAI: oai:DiVA.org:oru-76239DiVA, id: diva2:1350875
Funder
Swedish Research Council, DNR 340-2013-5460
Note

Funding Agency:

The R&D Fund of the Swedish Tourism and Hospitality Industry (BFUF)

Available from: 2019-09-12 Created: 2019-09-12 Last updated: 2024-01-12Bibliographically approved

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High-growth firms. Not so vital after all?

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Daunfeldt, Sven-OlovHalvarsson, DanielMihaescu, Oana

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CiteExportLink to record
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Citation style
  • apa
  • ieee
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  • de-DE
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