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High-growth Micro Enterprises:managing the risk aspects of enterprise growth


  • Daniel Tarka

    (University of Greenwich Busisness School, London SE10 9LS)


The paper is divided into 4 main sections and a conclusion: section (1) considers the definitions of Micro and Small Enterprises across the EU, USA and Russia; section (2) considers the role of MSEs in mature market economies and compares with the Russian Federation; section (3) focuses on the value creation mechanisms for growth and the challenges faced by MSEs, while section (4) deals with conclusions and recommendations for policy implications.

Suggested Citation

  • Daniel Tarka, 2004. "High-growth Micro Enterprises:managing the risk aspects of enterprise growth," Microeconomics 0403004, EconWPA.
  • Handle: RePEc:wpa:wuwpmi:0403004
    Note: Type of Document - doc; pages: 18. 18 pages, word document, 3 tables, 1 figure

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    References listed on IDEAS

    1. Black, Bernard S. & Gilson, Ronald J., 1998. "Venture capital and the structure of capital markets: banks versus stock markets," Journal of Financial Economics, Elsevier, vol. 47(3), pages 243-277, March.
    2. David J. TEECE, 2008. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," World Scientific Book Chapters,in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87 World Scientific Publishing Co. Pte. Ltd..
    3. Katchanovski, Ivan, 2000. "Divergence in Growth in Post-Communist Countries," Journal of Public Policy, Cambridge University Press, vol. 20(01), pages 55-81, April.
    4. Michael L. Katz & Carl Shapiro, 1994. "Systems Competition and Network Effects," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 93-115, Spring.
    5. Berkowitz, Daniel & DeJong, David N., 2002. "Accounting for growth in post-Soviet Russia," Regional Science and Urban Economics, Elsevier, vol. 32(2), pages 221-239, March.
    6. Cressy, Robert & Olofsson, Christer, 1997. "European SME Financing: An Overview," Small Business Economics, Springer, vol. 9(2), pages 87-96, April.
    7. Robert K. Kazanjian & Robert Drazin, 1989. "An Empirical Test of a Stage of Growth Progression Model," Management Science, INFORMS, vol. 35(12), pages 1489-1503, December.
    8. Julia Porter Liebeskind & Amalya Lumerman Oliver & Lynne G. Zucker & Marilynn B. Brewer, 1995. "Social Networks, Learning, and Flexibility: Sourcing Scientific Knowledge in New Biotechnology Firms," NBER Working Papers 5320, National Bureau of Economic Research, Inc.
    9. Birley, Sue, 1985. "The role of networks in the entrepreneurial process," Journal of Business Venturing, Elsevier, vol. 1(1), pages 107-117.
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    More about this item


    journals request;

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D2 - Microeconomics - - Production and Organizations
    • D3 - Microeconomics - - Distribution
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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