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Firm Growth : a Survey

Author

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  • Alex Coad

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, Max Planck Institute of Economics - Evolutionary Economics Group)

Abstract

We survey the phenomenon of the growth of firms drawing on literature from economics, management and sociology. We begin with a review of empirical "stylised facts" before discussing theoretical contributions. Firm growth is characterized by a predominant stochastic element, making it difficult to predict. Indeed, previous empirical research into the determinants of firm growth has had a limited success. We also observe that theoretical propositions concerning the growth of firms are often amiss. We conclude that progress in this area requires solid empirical work, perhaps making use of novel statistical techniques.

Suggested Citation

  • Alex Coad, 2007. "Firm Growth : a Survey," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00155762, HAL.
  • Handle: RePEc:hal:cesptp:halshs-00155762
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00155762
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    1. Worker democracy works
      by chris dillow in Stumbling and Mumbling on 2011-02-04 17:53:30

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    Cited by:

    1. Deschryvere, Matthias, 2008. "High Growth Firms and Job Creation in Finland," Discussion Papers 1144, The Research Institute of the Finnish Economy.
    2. Alexander Coad & Rekha Rao, 2007. "The Employment Effects of Innovations in High-Tech Industries," Papers on Economics and Evolution 2007-05, Philipps University Marburg, Department of Geography.
    3. repec:wsi:rpbfmp:v:17:y:2014:i:03:n:s0219091514500143 is not listed on IDEAS
    4. Giulio Bottazzi & Alex Coad & Nadia Jacoby & Angelo Secchi, 2011. "Corporate growth and industrial dynamics: evidence from French manufacturing," Applied Economics, Taylor & Francis Journals, vol. 43(1), pages 103-116.
    5. Andreas Panagopoulos & Christos N. Pitelis, 2010. "Open innovation and the management of intra-firm conflict," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 7(3/4), pages 295-307.
    6. Alex Coad, 2008. "Distance to Frontier and Appropriate Business Strategy," LEM Papers Series 2008/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    7. Magnus Henrekson & Dan Johansson, 2010. "Gazelles as job creators: a survey and interpretation of the evidence," Small Business Economics, Springer, vol. 35(2), pages 227-244, September.
    8. Pradhan, Jaya Prakash, 2009. "Firm Performance during Global Economic Slowdown: A View from India," MPRA Paper 17145, University Library of Munich, Germany.
    9. Nicoletta Corrocher & Lucia Cusmano & Camilla Lenzi, 2013. "Growth in Knowledge-Intensive Business Services: Evidence from Lombardy," Industry and Innovation, Taylor & Francis Journals, vol. 20(6), pages 563-584, August.
    10. Greene, Francis, 2012. "Should the focus of publicly provided small business assistance be on start-ups or growth businesses?," Occasional Papers 12/2, Ministry of Economic Development, New Zealand.
    11. Koski, Heli, 2011. "Does Marginal Cost Pricing of Public Sector Information Spur Firm Growth?," Discussion Papers 1260, The Research Institute of the Finnish Economy.
    12. Colombelli, Alessandra & Haned, Naciba & Le Bas, Christian, 2013. "On firm growth and innovation: Some new empirical perspectives using French CIS (1992–2004)," Structural Change and Economic Dynamics, Elsevier, vol. 26(C), pages 14-26.
    13. Lunardi, José T. & Miccichè, Salvatore & Lillo, Fabrizio & Mantegna, Rosario N. & Gallegati, Mauro, 2014. "Do firms share the same functional form of their growth rate distribution? A statistical test," Journal of Economic Dynamics and Control, Elsevier, vol. 39(C), pages 140-164.
    14. Signore, Simone, 2016. "The European venture capital landscape: an EIF perspective. Volume II: Growth patterns of EIF-backed startups," EIF Working Paper Series 2016/38, European Investment Fund (EIF).
    15. Alexander Coad, 2007. "Disentangling the firm growth process: evidence from a recursive panel VAR," Papers on Economics and Evolution 2007-15, Philipps University Marburg, Department of Geography.
    16. repec:ebl:ecbull:v:12:y:2008:i:9:p:1-15 is not listed on IDEAS
    17. A. Arrighetti & A. Ninni, 2009. "Firm size and growth opportunities: a survey," Economics Department Working Papers 2009-EP05, Department of Economics, Parma University (Italy).

    More about this item

    Keywords

    stages of growth models; Firm growth; size distribution; growth rates distribution; Gibrat's law; theory of the firm; diversification; stages of growth models.; Croissance des firmes; distribution de taille; distribution des taux de croissance; loi de Gibrat; théorie de la firme; croissance par étapes.;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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