Determinants of high-growth firms
AbstractHigh-growth firms have been shown to be a key factor for economic growth and structural change. This paper analyses the determinants of the number of highgrowth firms in a country for 17 OECD countries between 1999 and 2005, using the Amadeus data set, the GEM data set, and others. The first contribution of this paper is that it is - as far as we know - the first empirical analysis of highgrowth firms at the country level on the basis of actual measured growth. Second, we find indicative empirical evidence for three driving forces of high growth, viz. entrepreneurship, institutional settings, and opportunities for growth, all in accordance with theory and empirical findings in related fields of research. Third, the paper gives a tentative explanation of the differences in the average percentage of high-growth firms between countries. Finally, the paper gives some clues for policy makers how to promote high-growth firms. �
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Bibliographic InfoPaper provided by EIM Business and Policy Research in its series Scales Research Reports with number H201107.
Length: 23 pages
Date of creation: 31 Jan 2011
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-12 (All new papers)
- NEP-CSE-2011-02-12 (Economics of Strategic Management)
- NEP-ENT-2011-02-12 (Entrepreneurship)
- NEP-HME-2011-02-12 (Heterodox Microeconomics)
- NEP-SBM-2011-02-12 (Small Business Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- André van Stel & David Storey & Chantal Hartog, 2010. "Institutions and Entrepreneurship: The Role of The Rule of Law," Scales Research Reports H201003, EIM Business and Policy Research.
- van Praag, C M & Cramer, J S, 2001. "The Roots of Entrepreneurship and Labour Demand: Individual Ability and Low Risk Aversion," Economica, London School of Economics and Political Science, vol. 68(269), pages 45-62, February.
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