Firm Growth in the Retail and Wholesale Trade Sectors – Evidence from Sweden
AbstractTo identify the determinants of firm growth within the Swedish retail – and wholesale trade industries during the period 1998- 2004, we analyze a sample of 400 limited companies using quantile regression techniques. Our results indicate that firm growth mainly can be explained by time-invariant firm-specific effects, supporting Penrose’s (1959) suggestion that internal resources such as firm culture, brand loyalty, entrepreneurial skills, and so on, are important determinants of firm growth rates.
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Bibliographic InfoPaper provided by HUI Research in its series HUI Working Papers with number 50.
Length: 25 pages
Date of creation: 01 Jun 2011
Date of revision:
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More information through EDIRC
firm dynamics; firm level heterogeneity; high-growth firms; resource-based view; quantile regression;
Find related papers by JEL classification:
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-07-27 (All new papers)
- NEP-BEC-2011-07-27 (Business Economics)
- NEP-CSE-2011-07-27 (Economics of Strategic Management)
- NEP-ENT-2011-07-27 (Entrepreneurship)
- NEP-SBM-2011-07-27 (Small Business Management)
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