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Towards the Factors affecting Small Firm Growth: Review of Previous Studies

Author

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  • Mosharref Hossain
  • Yusnidah Ibrahim
  • Mohan Uddin

Abstract

The objective of the paper is to review the previous studies on factors affecting small business growth or performance for the period of 2006-2014. The review of the literature of factors affecting small business growth or performance based on the papers available in online and published in referred journals is focused. 34 papers are considered as the primary research topic. Each of the articles has been used as the unit of analysis. The four broad areas of factors has been focused namely owner-manager characteristics, characteristics of firm, financial factors and external environment. The paper provides some ideas and approaches used in the previous literature to describe small business growth and factors affecting the growth. The literatures suggest that there is no unified theory or model to describe small business growth. Although there are many studies on the issue, still the theory of small business growth is very fragmented and inconsistent. The new theoretical perspectives are highly required for the growth process in small businesses sectors. Considering the approaches used in the previous literature, new research approaches may be adapted for more understanding of small business growth and the growth factors.

Suggested Citation

  • Mosharref Hossain & Yusnidah Ibrahim & Mohan Uddin, 2016. "Towards the Factors affecting Small Firm Growth: Review of Previous Studies," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(5), pages 217-235, May.
    • Handle: RePEc:hur:ijarbs:v:6:y:2016:i:5:p:217-235
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    References listed on IDEAS

    as
    1. Alex Coad, 2009. "The Growth of Firms," Books, Edward Elgar Publishing, number 13424.
    2. N. Berger, Allen & F. Udell, Gregory, 1998. "The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle," Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 613-673, August.
    3. Ron Kemp & Petra Gibcus & P.M. de Jong-'t Hart, 2006. "Determinants of Growth of Start-ups in the Netherlands," Scales Research Reports N200517, EIM Business and Policy Research.
    4. Miroslav Mateev & Yanko Anastasov, 2010. "Determinants of small and medium sized fast growing enterprises in central and eastern Europe: a panel data analysis," Financial Theory and Practice, Institute of Public Finance, vol. 34(3), pages 269-295.
    5. Chen, Xiaoyun & Zou, Huan & Wang, Danny T., 2009. "How do new ventures grow? Firm capabilities, growth strategies and performance," International Journal of Research in Marketing, Elsevier, vol. 26(4), pages 294-303.
    6. Seker, Murat & Correa, Paulo Guilherme, 2010. "Obstacles to growth for small and medium enterprises in Turkey," Policy Research Working Paper Series 5323, The World Bank.
    7. Amarjit Gill & Neil Mathur, 2011. "Factors that Affect Potential Growth of Canadian Firms," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 1(4), pages 1-4.
    8. Jasra, Javed Mahmood & Khan, Muhammad Asif & Hunjra, Ahmed Imran & Rehman, Rana Aziz Ur & Azam, Rauf i, 2010. "Determinants of business success of small and medium enterprises," MPRA Paper 40685, University Library of Munich, Germany.
    9. Alex Coad & Jaganaddha Tamvada, 2012. "Firm growth and barriers to growth among small firms in India," Small Business Economics, Springer, vol. 39(2), pages 383-400, September.
    10. Rahaman, Mohammad M., 2011. "Access to financing and firm growth," Journal of Banking & Finance, Elsevier, vol. 35(3), pages 709-723, March.
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    Cited by:

    1. Anchalee Nuansri & Avishek Datta & Takuji W. Tsusaka & Farhad Zulfiqar, 2024. "Factors influencing the profit and choice of agribusiness for agricultural cooperatives in Thailand," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(1), pages 751-772, January.
    2. Isabel M. Correia & Diana S. Fernandes, 2021. "Financial constraint and foreign direct investment of SMEs: evidence from Portugal," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(2), pages 1-19, Abril - J.

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    More about this item

    Keywords

    Small business growth; growth factors;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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