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Factors Affecting the Growth of Manufacturing Firms – Analysis of Growth Stages: A Case of German Firms

  • Antje Schimke

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    This paper focuses on factors that affect the growth of manufacturing firms in Germany. It addresses which factors might be needful and which factors might be helpful for the different growth stages of these firms. Most firms face turning points in their life course, and thus do not grow continuously. By using panel data on German manufacturing firms over the period 1992-2007, we analyse a sample of 278 enterprises. The criterion used for selecting the sample was that they belong to the category of manufacturing sector (NACE-2-digit industries), which are surveyed by the Centre for European Economic Research (ZEW). It could be discovered that a set of firm specific factors such as export orientation, R&D activities, firm size and type of industry are more likely to affect the growth process of a firm. The results from regression analysis indicate that some indicators are related to the growth process of firms. So, it can be stated that some indicators might be needful or helpful for the growth of manufacturing firms.

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    File URL: http://www-sre.wu.ac.at/ersa/ersaconfs/ersa10/ERSA2010finalpaper1386.pdf
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    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p1386.

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    Date of creation: Sep 2011
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    Handle: RePEc:wiw:wiwrsa:ersa10p1386
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    8. Pfaffermayr, Michael, 2004. "Export orientation, foreign affiliates, and the growth of Austrian manufacturing firms," Journal of Economic Behavior & Organization, Elsevier, vol. 54(3), pages 411-423, July.
    9. Wan-Chun Liu & Chen-Min Hsu, 2006. "Financial Structure, Corporate Finance and Growth of Taiwan's Manufacturing Firms," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 67-95.
    10. Alex Coad, 2005. "Testing the Principle of "Growth of the Fitter": The Relationship between Profits and Firm Growth," Emory Economics 0531, Department of Economics, Emory University (Atlanta).
    11. Arne Bigsten & Mulu Gebreeyesus, 2007. "The Small, the Young, and the Productive: Determinants of Manufacturing Firm Growth in Ethiopia," Economic Development and Cultural Change, University of Chicago Press, vol. 55, pages 813-840.
    12. Mickey Folkeringa & Andre van Stel & Joris Meijaard, 2005. "Innovation, strategic renewal and its effect on small firm performance," Papers on Entrepreneurship, Growth and Public Policy 2005-36, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    13. Del Monte, Alfredo & Papagni, Erasmo, 2003. "R&D and the growth of firms: empirical analysis of a panel of Italian firms," Research Policy, Elsevier, vol. 32(6), pages 1003-1014, June.
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