High-growth entrepreneurial firms in Africa: a quantile regression approach
AbstractThis paper studies the growth performance of a large set of entrepreneurial firms in ten manufacturing sectors of eleven Sub-Saharan African countries. The focus of the paper is on identifying those entrepreneurs. attributes and firm characteristics that tend to generate a significant number of high-growth firms in these countries. To this end, we use a quantile regression, which provides a more complete estimation of the growth distribution of firms conditional on different attributes. The results indicate that especially firms that engage in product innovation, have their own transport means and are connected to the internet through their own website are characterized by higher growth rates and display a more skewed distribution to the right, hosting a higher number of high-growth firms. The effect of the last two variables, which relate to distance-bridging modes of infrastructure, points to the self-reinforcing growth effects.
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Bibliographic InfoArticle provided by Springer in its journal Small Business Economics.
Volume (Year): 34 (2010)
Issue (Month): 1 (January)
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Web page: http://www.springerlink.com/link.asp?id=100338
Africa; Firm growth; High-growth firms; Quantile regression; D92; L26; O55;
Other versions of this item:
- Goedhuys, Micheline & Sleuwaegen, Leo, 2009. "High-Growth Entrepreneurial Firms in Africa: A Quantile Regression Approach," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- D92 - Microeconomics - - Intertemporal Choice - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
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