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High-growth firm shares in Austrian regions: the role of economic structures

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  • Klaus Friesenbichler
  • Werner Hölzl

Abstract

This paper explores the structural determinants of high-growth firm shares in Austrian regions. The regional level of analysis allows one to uncover regularities that are not detectable in firm-level studies. It is found that lower mobility barriers, firm exits and technological opportunities, measured by digitalization intensities, and, to a lesser extent, agglomeration effects are associated with a larger share of high-growth firms. The results suggest that comparisons of shares of high-growth firm across countries and regions should consider differences in the industrial structures together with the often-emphasized differences in policies and regulations.

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  • Klaus Friesenbichler & Werner Hölzl, 2020. "High-growth firm shares in Austrian regions: the role of economic structures," Regional Studies, Taylor & Francis Journals, vol. 54(11), pages 1585-1595, November.
    • Handle: RePEc:taf:regstd:v:54:y:2020:i:11:p:1585-1595
    DOI: 10.1080/00343404.2020.1742316
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    Cited by:

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    2. Araki, Michael E. & Bennett, Daniel L. & Wagner, Gary A., 2024. "Regional innovation networks & high-growth entrepreneurship," Research Policy, Elsevier, vol. 53(1).
    3. Michael Klien, 2024. "Hohe Wohnkosten als Belastung für den Wirtschaftsstandort Salzburg," WIFO Studies, WIFO, number 71319.
    4. Coad, Alex & Srhoj, Stjepan, 2023. "Entrepreneurial ecosystems and regional persistence of high growth firms: A ‘broken clock’ critique," Research Policy, Elsevier, vol. 52(6).
    5. Raysa Geaquinto Rocha & João J. Ferreira, 2022. "Gazelles (High-Growth) Companies: a Bibliometric Science Map of the Field," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2911-2934, December.
    6. Alex Coad, 2022. "Lumps, Bumps and Jumps in the Firm Growth Process," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 18(4), pages 212-267, April.
    7. Agnes Kügler & Klaus Friesenbichler & Cornelius Hirsch, 2024. "Labour Market Effects of Trade in a Small Open Economy," REGION, European Regional Science Association, vol. 11, pages 1-26.
    8. Klaus Friesenbichler & Agnes Kügler & Julia Schieber-Knöbl, 2022. "Unternehmensproduktivität über Sektoren in Österreich. Erste Evidenz von Mikrodaten," WIFO Research Briefs 21, WIFO.
    9. Birgit Meyer & Klaus Friesenbichler & Mario Hirz, 2021. "Dekarbonisierung als ein Treiber des Wandels der österreichischen Kfz-Zulieferindustrie," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(11), pages 829-839, November.
    10. Olena Khlystova & Yelena Kalyuzhnova, 2023. "The impact of the creative industries and digitalization on regional resilience and productive entrepreneurship," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1654-1695, October.
    11. Friesenbichler, Klaus S. & Hoelzl, Werner, 2022. "Firm-growth and Functional Strategic Domains: Exploratory evidence for differences between frontier and catching-up economies," Journal of Economics and Business, Elsevier, vol. 119(C).

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