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High-growth firms: More reasons for caution?

Author

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  • James Derbyshire

Abstract

Derbyshire (2012) and Walburn (2012) have recently highlighted reasons for policymakers to be cautious when embracing the emerging high-growth firms policy panacea. However, both authors began from the premise that the very concept of high-growth firms is a valid one. This brief Viewpoint article highlights a further, more fundamental reason for caution: if prominent researchers such as Storey (2011) and Coad (2009) are right about the nature of firm growth then identifying and targeting support on high-growth firms is tantamount to targeting those firms with a lower likelihood than the average firm to grow at a rapid rate in the future.

Suggested Citation

  • James Derbyshire, 2013. "High-growth firms: More reasons for caution?," Local Economy, London South Bank University, vol. 28(4), pages 355-357, June.
  • Handle: RePEc:sae:loceco:v:28:y:2013:i:4:p:355-357
    DOI: 10.1177/0269094213475856
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    References listed on IDEAS

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    1. Alex Coad, 2009. "The Growth of Firms," Books, Edward Elgar Publishing, number 13424.
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