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Firm Growth in the Retail and Wholesale Trade Sectors – Evidence from Sweden

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Author Info

  • Daunfeldt, Sven-Olov

    (The Swedish Retail Institute (HUI))

  • Lang, Åsa

    (Dalarna University)

  • Macuchova, Zuzana

    (Dalarna University)

  • Rudholm, Niklas

    (The Swedish Retail Institute (HUI))

Abstract

To 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 Info

Paper provided by HUI Research in its series HUI Working Papers with number 50.

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Length: 25 pages
Date of creation: 01 Jun 2011
Date of revision:
Handle: RePEc:hhs:huiwps:0050

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Related research

Keywords: firm dynamics; firm level heterogeneity; high-growth firms; resource-based view; quantile regression;

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References

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Citations

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Cited by:
  1. Anders Bornhäll & Sven-Olov Daunfeldt & Niklas Rudholm, 2013. "Sleeping Gazelles: High profits but no growth," SPRU Working Paper Series 2013-10, SPRU - Science and Technology Policy Research, University of Sussex.
  2. Håkansson, Johan & Macuchova, Zuzana & Rudholm, Niklas, 2011. "Firm migration in the Swedish wholesale trade sector," HUI Working Papers 52, HUI Research.

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