Dissertations / Theses: 'Theory of the growth of the firm'

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Langford, Nigel. "An informational theory of growth : a small firm perspective." Thesis, University of Salford, 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.395700.

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Breece, Dena Dail. "The Determinants of Firm Growth in the U.S. Industrial Sector| A Firm Level Analysis." Thesis, Trident University International, 2017. http://pqdtopen.proquest.com/#viewpdf?dispub=10641702.

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Why do some firms survive and grow and others do not? Is Gibrat’s Law still valid? This is an ongoing debate in industrial organization and management since Gibrat published in 1931. Gibrat (1931) suggested firm growth is independent of firm size and is by chance. However, recent studies call for chance to be supplemented by deterministic models. We considered determinants of firm growth. Specifically, we examined whether firm growth is explained by firm size, firm profitability, firm leverage, firm agency costs, and firm R&D intensity. Also, persistence of firm growth was considered. Evidence was based on a balanced panel data set obtained from Compustat annually for 1991-2015. Data consisted of 82 surviving U.S. public companies in the industrial economic sector. Empirical analysis involved panel econometric techniques like pooled ordinary least squares, random effects models, fixed effects models, and system Generalized Method of Moments methodology. We find that firm growth is not independent of firm size; therefore, Gibrat’s Law does not hold. We find that a significant, positive relationship exists between firm research and development intensity and firm growth. We find that a significant, negative relationship exists between profitability measured by ROA, firm leverage, firm agency costs and firm growth. Finally, we conclude that firm growth persists.

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Pietrosimone, Elisa. "Firm growth and worker turnover in frictional labour markets." Thesis, University of Essex, 2018. http://repository.essex.ac.uk/23185/.

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This dissertation contributes to the analysis of firm heterogeneity, turnover, and worker reallocation in frictional labour markets. Chapter 1 presents empirical evidence using German longitudinal matched employer-employee data on the relationship between worker flows and employer characteristics. In particular, the analysis distinguishes between employer-to-employer reallocations and movements into and out of non-employment. It also documents the relationship between worker movements and establishment wage, size and age. The empirical results constitute a motivation for the following chapters. Chapter 2 analyses equilibrium in a labour market characterised by a stationary growth economy with heterogeneous firms and frictional unemployment. The model extends the Coles and Mortensen (2016) framework in two directions: it introduces vintage effects and endogenous worker search effort. New start-up firms are created with a productivity drawn from a technology frontier which grows over time. However, as a given firm’s productivity is fixed, its quality declines relative to the market average. In addition, workers can choose their search intensity. Chapter 3 provides a quantitative exploration of the theoretical model presented in Chapter 2. It estimates the parameters of the model using simulated minimum distance and evaluates its performance in capturing some features of the data: in particular, the model is able to match the establishment size distribution and the relationship between hires and employment.

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Ahmad, Riayati. "Growth and investment : empirical evidence at macro and firm level." Thesis, University of Southampton, 2012. https://eprints.soton.ac.uk/346632/.

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This dissertation consists of three empirical essays that focus on growth and investment in aggregate and at firm-level. The first essay focuses on the issue of aggregate economic growth. The purposes of this essay are to re-investigate the effectiveness of government size and quality of institutions to foster economic growth in developed and developing countries. This essay also examines a non-linear relation between government size and economic growth and finally to identify the specific channels of institutions quality that determine economic growth aggregately. The second essay identifies the response of firms’ investment to the market interest rate uncertainty and debt holding in Malaysia as one developing country. The sensitivity of firms’ investment to the interaction between aggregate uncertainty and debt holding isalso emphasized. This essay also examines the heterogeneity between high- and low-indebted firms groups. The final essay is conducted specifically at firm-level in Malaysia. The aims of this essay are to investigate the effect of financial factors on firms’ growth in Malaysia. It also examines the heterogeneity betweenfirms that have been divided into specific groups based on their size and sectors. The results for the first essay show that government size and institutions were ineffective to foster economic growth. It also revealed that government size has a non-linear effect on economic growth, while democracy and law and order play a positive role to foster economic growth. The second essay discovers that firms’ investment responds negatively to the aggregate uncertainty and debt holding. However, the effect of the interaction between aggregate uncertainty and debt holding on firms’ investment was not significant; these results were quite homogenous for high- and low-indebted firms in Malaysia. The results for the third essay indicate that financial factors, particularly internal funds, play an important role to foster firms’ growth in Malaysia. The results also indicate heterogeneity that is categorized by size and sector.

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Poutziouris, Panayiotis. "A growth model of small manufacturing firms in Cyprus." Thesis, University of Nottingham, 1993. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.357086.

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Karlsson, Johan. "Theoretical Routes for c-BN Thin Film Growth." Doctoral thesis, Uppsala universitet, Oorganisk kemi, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-191181.

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c-BN has been in focus for several years due to its interesting properties. The possibility for large area CVD is a requirement for the realization of these different properties in various applications. Unfortunately, there are at present severe problems in the CVD growth of c-BN. The purpose with this research project has been to theoretically investigate, using DFT calculations, the possibility for a layer-by-layer CVD growth of c-BN. It could be established that, PEALD, using a BF3-H2-NH3-F2 pulse cycle and a diamond substrate, is a promising method for deposition of c-BN films. The gaseous species will decompose in the plasma and form BFx, H, NHx, and F species (x = 0, 1, 2, 3). The H and F radicals will uphold the cubic structure by completely hydrogenate, or fluorinate, the growing surface. However, surface radical sites will appear during the growth process as a result of atomic H, or F, abstraction reactions. The addition of NHx growth species (x = 0, 1, 2) to B radical sites, and BFx growth species (x = 0, 1, 2) to N radical sites, will then result in a continuous growth of c-BN.

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Lowes, Bryan. "Control and directors' remuneration in large British companies : an empirical investigation of directors' shareholdings and remuneration, and the implications of remuneration patterns for managerial theories of the firm." Thesis, University of Bradford, 1985. http://hdl.handle.net/10454/4201.

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Literature on the divorce of ownership from control has emphasised the declining proportion of shares owned by salaried managers who control large companies. Because these salaried managers have negligible proprietarial interest in the companies they manage, some writers have suggested that they will have different motives to owner-managers. In particular, managers' direct pecuniary interests may cause them to pursue company growth at the expense of profit, for managers' salaries tend to be related to the size of the companies which they manage rather than the profitability of those companies. These alternate motivations were incorporated in various managerial theories of the firm developed in the late 1960's which emphasised company growth as a key objective. An investigation of the shareholdings and salaries of the directors of major British companies confirms that the proportion of total shares held by company directors has fallen over the years, though it is argued that shareholdings are still large enough to allow directors to exercise effective control over their companies. In addition, while the proportion of total shares held by directors is small, these shareholdings are often large in absolute terms and constitute a significant source of directors' income, though the size of directors' shareholdings varies considerably between industries. Combined dividend income and capital appreciation of shareholdings match the remuneration which directors receive as salary income. It is argued that these profit-related income elements are sufficiently large to cause directors to attach priority to profitability goals. This proposition is explored through statistical analysis of the relationship between directors' remuneration and company performance. Regression results show that as the definition of directors' remuneration is broadened to include dividends and capital appreciation as well as salary, company size variables diminish in importance as determinants of remuneration and profitability variables predominate. Managers do have an incentive to pursue profitability.

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Gruneberg, Stephen Louis. "The growth qnd survival of firms in the heating and ventilation industry." Thesis, University College London (University of London), 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.252113.

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Sipola, S. (Sakari). "Understanding growth and non-growth in entrepreneurial economies:analysis of startup industries and experimental winner generation in Finland, Israel and Silicon Valley." Doctoral thesis, Oulun yliopisto, 2015. http://urn.fi/urn:isbn:9789526208138.

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Abstract The importance of high-growth firms for job creation is widely acknowledged and the promotion of such firms is a key area of industry policy in developed countries. However, despite the substantial development of firm growth research and the significant public investments, in many geographies the assumed good preconditions for high-growth entrepreneurship are not producing the desired results. The purpose of this study is to increase understanding of the emergence of high-growth startups by taking a systemic view of firm growth. Instead of examining individual firms, a high-growth startup focused systemic economic actor, defined as the startup industry, is taken as the research object. The startup industry is given a certain function in economic development and resource allocation, and its processual activity in particular contexts is examined under the experimental winner generation process. Critical realism is used for systemic reasoning of firm growth. The empirical study focuses on case startup industries of Finland, Israel and Silicon Valley. The emergence of startup-related actor structures and institutions, and their functioning is analyzed first from a cultural-historical and processual perspective. Second, the organization of the experimental winner generation process and its outcomes for each case are analyzed over a period of several decades, and a cross-case comparison is conducted between the cases. The results of the study propose that each startup industry develops in time a particular target for its activities. This target, defined as the perceived winner, is the key for alignment and functioning of the startup industry as a whole. Examination of this concept enables us to understand the logics of the firm growth at the wider system level and on that basis to suggest some key determinants of the performance of startup industries in the long run. The discussion of policy maker implications concludes the study
Tiivistelmä Kasvuyritykset ovat tärkeitä uusien työpaikkojen synnyttäjiä, ja teollistuneissa maissa niiden tukeminen on teollisuuspolitiikan keskiössä. Huolimatta laajasta yritysten kasvun tutkimustiedosta, merkittävistä julkisista investoinneista ja oletetuista hyvistä lähtökohdista kasvuyrittäjyydelle ei monella maantieteellisellä alueella kuitenkaan synny panostukseen verrattuna tarpeeksi kasvuyrityksiä. Tämä väitöskirja tutkii nopeasti kasvavien startup-yritysten syntymistä systeemisestä näkökulmasta. Yksittäisten yritysten sijaan tutkimuksessa määritellään tutkimuskohteeksi startup-teollisuus, kasvuhakuisiin startup-yrityksiin keskittyvä systeeminen talouden toimija, jolle annetaan tietty tehtävä talouden kehityksessä ja resurssiallokaatiossa. Startup-teollisuuden toimintaa eri konteksteissa tarkastellaan kokeellisen voittajayritysten rakentamisen prosessin avulla. Yritysten kasvua lähestytään lisäksi kriittisen realismin mukaisen kausaliteetin pohjalta. Tutkimuksen empiirinen osuus on toteutettu tapaustutkimuksena, jossa analysoidaan Suomen, Israelin ja Piilaakson startup-teollisuutta. Tutkimuskohteiden startup-yrityksiin liittyvien toimijarakenteiden ja instituutioiden kehitystä ja toimintaa analysoidaan kulttuuri-historiallisesta ja prosessuaalisesta näkökulmasta. Lisäksi kokeellisen voittajayritysten rakentamisen prosessin organisointia ja lopputuloksia analysoidaan usean vuosikymmenen ajalta sekä tapauskohtaisesti että niiden välillä. Tutkimustulokset esittävät kunkin startup-teollisuuden kehittävän ajan myötä tietyn kohteen omalle toiminnalleen. Tämä kohde, näkemys voittavasta startup-yrityksestä, linjaa koko startup-teollisuuden toimintaa. Tutkimalla tätä näkemystä voimme ymmärtää yritysten kasvun logiikoita systeemisellä tasolla, mikä mahdollistaa startup-teollisuuksien välisten rakenteellisten- ja suorituskykyerojen ymmärtämisen pitkällä aikavälillä. Tutkimuksen lopussa esitetään johtopäätöksiä poliittisen päätöksenteon kannalta

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Choi, Ga Eun, Christoffer Nordström, and Carlos Llorach. "The Organizational Life Cycle Stages and Effectiveness : A Study of Swedish Gazelle Companies." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-20116.

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The purpose of this thesis is to investigate the life cycle stages of the chosen gazelles in Sweden and identify their effectiveness related to the stages. Furthermore, we study whether the given characteristic of the gazelle companies correspond to the suggested characteristics of the given theoretical framework. Gazelles, as the outstanding performers of both financial profits and job creators of our society, they are always struggling to sustain growth and satisfy market needs in order to maintain their prestigious status. Therefore, it is critical for them to access their abilities as well as constraints of the current organizational structures and we seek the solutions to these problems through the organizational life cycle theory perspective. Our study focuses on the Dagens Industri’s gazelle award winners that are carefully evaluated by the strict criteria it provides. Also, we revisit the various previous studies in the field of the organizational life cycle and effectiveness in order to provide the foundation for our analysis. In order to serve our purpose, we study 26 gazelles from Sweden in dept by reviewing their annual reports and official websites and provide the reader with quantities data research that are self-administrated concerning the different attributes of the life cycle stages and effectiveness. In conclusion, we find that the majority of the Swedish gazelle companies we have studied correspond to the second stage of the life cycle model which focuses on human relations model as an effectiveness area. However, these firms demonstrate unique effectiveness that genuine SMEs do not have, such as high focus on R&D and harmony between flexibility and control in their organizational structure.

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Banerjee, Sourindra. "The international growth of emerging market firms : theory and evidence from a natural experiment." Thesis, University of Cambridge, 2012. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.610214.

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12

Wallin, Erik. "Alumina Thin Film Growth: Experiments and Modeling." Licentiate thesis, Linköping University, Linköping University, Plasma and Coating Physics, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-8461.

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The work presented in this thesis deals with experimental and theoretical studies related to the growth of crystalline alumina thin films. Alumina, Al₂O₃, is a polymorphic material utilized in a variety of applications, e.g., in the form of thin films. Many of the possibilities of alumina, and the problems associated with thin film synthesis of the material, are due to the existence of a range of different crystalline phases. Controlling the formation of the desired phase and the transformations between the polymorphs is often difficult.

In the experimental part of this work, it was shown that the thermodynamically stable alpha phase, which normally is synthesized at substrate temperatures of around 1000 °C, can be grown using reactive sputtering at a substrate temperature of 500 °C by controlling the nucleation surface. This was done by predepositing a Cr₂O₃ nucleation layer. Moreover, it was found that an additional requirement for the formation of the α phase is that the depositions are carried out at low enough total pressure and high enough oxygen partial pressure. Based on these observations, it was concluded that energetic bombardment, plausibly originating from energetic oxygen, is necessary for the formation of α alumina (in addition to the effect of the chromia nucleation layer). Further, the effects of impurities, especially residual water, on the growth of crystalline films were investigated by varying the partial pressure of water in the ultra high vacuum (UHV) chamber. Films deposited onto chromia nucleation layers exhibited a columnar structure and consisted of crystalline α-alumina if deposited under UHV conditions. However, as water to a partial pressure of 1x10^-5 Torr was introduced, the columnar growth was interrupted. Instead, a microstructure consisting of small, equiaxed grains was formed, and the gamma-alumina content was found to increase with increasing film thickness. When gamma-alumina was formed under UHV conditions, no effects of residual water on the phase formation was observed. Moreover, the H content was found to be low (< 1 at. %) in all films. Consequently, this shows that effects of residual gases during sputter deposition of oxides can be considerable, also in cases where the impurity incorporation in the films is found to be low.

In the modeling part of the thesis, density functional theory based computational studies of adsorption of Al, O, AlO, and O2 on different alpha-alumina (0001) surfaces have been performed. The results give possible reasons for the difficulties in growing the α phase at low temperatures through the identification of several metastable adsorption sites, and also provide insights related to the effects of hydrogen on alumina growth.

Report code: LiU-TEK-LIC-2007:1.

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Perez-Orselli, Emilia. "Does the Internet Affect the Relationship Between Government Regulations and New Firm Entry Rates? Evidence from a Cross-Country Study." Scholarship @ Claremont, 2013. http://scholarship.claremont.edu/scripps_theses/239.

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While the introduction of the Internet in the past 20 years has revolutionized the way people manage established firms, little is known about the effects of the Internet on the rate of new firm entry. Since government regulations have been identified to be one of the primary determinants of firm entry rates, this paper uses recent World Bank data on Internet usage to examine whether the Internet has had any effect on the relationship between government regulations and firm entry rates across 78 countries. The primary results show that Internet usage does not appear to have a significant effect on this relationship, but the results from a robustness check between high and low income countries suggest that in high-income countries, the Internet actually increases the burden of one of the main regulations; the cost to register a business.

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Xu, Zhibin. "Factors which affect the dynamics of privately-owned Chinese firms : an interdisciplinary empirical evaluation." Thesis, St Andrews, 2007. http://hdl.handle.net/10023/372.

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Blundel, Richard Kenneth. "The growth of 'connected' firms : a re-appraisal of Penrosian theory and its application to artisanal firms operating in contemporary business networks." Thesis, University of Birmingham, 2002. http://bura.brunel.ac.uk/handle/2438/1325.

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The thesis is concerned with the growth of ‘connected’ firms, characterised as small firms that are engaged in stable spatial and vertical network relationships, involving a variety of actors, including larger firms. It locates these firms within the landscape of the ‘New Competition’, (Best 1990, 2001), highlighting the relatively unexplored region occupied by connected artisanal firms. The literature review is constructed around a detailed re-appraisal of Edith Penrose’s (1959) study, The Theory of the Growth of the Firm, which traces its antecedents, re-constructs its interconnections and calibrates its explanatory potential against the work of contemporaries, successors and opponents. The review provides the basis for development of a modified Penrosian framework, designed to embrace a multi-level analysis of growth processes that span the ‘blurred boundaries’ of the connected firm. An empirical study of the growth of connected artisanal firms demonstrates the application of this modified framework. The study is presented in the form of an analytically structured narrative, illustrated by network mapping sequences and informed by a qualified critical realist perspective. The final chapters reflect on the theoretical, methodological and practical policy implications of the study, highlighting the broader implications for researching the growth of other forms of connected firm.

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Bomfim, Lea Cristina Silva. "A construção de estratégias de crescimento por empreendedoras : estudo de casos múltiplos em empresas de alto crescimento." Pós-graduação em Administração, 2018. http://ri.ufs.br/jspui/handle/riufs/8670.

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Coordenação de Aperfeiçoamento de Pessoal de Nível Superior - CAPES
Entrepreneurship is recognized as an instrument of development and economic growth, especially in emerging economies such as Brazil, where women entrepreneurs already represent most of the initial enterprises (GEM, 2016), but on the other hand the literature of female entrepreneurship has been raising, based on in predominantly quantitative studies, that women's companies have a slower growth compared to their male counterparts, and there are still few studies that examine growth from their strategies and qualitative differences. Thus, this research sought to analyze the strategies of growth built by women entrepreneurs in companies that presented high growth period and, with this, to increase the understanding of the phenomenon. To achieve this goal, an analytical model was built based on the theoretical framework aiming to guide the analysis in three dimensions: individual, enterprise and environment. The study is of a qualitative nature, the research strategy was the study of multiple cases, the evidences were collected through semi-structured interviews with the owners, documents and direct observation. The analysis was carried out using a technique called cross-case analysis, used to examine similarities and differences between cases. The main results are: in the individual dimension, the entrepreneurial intensity is not related to the time in hours, but to the efficiency of the use of this time achieved by a high degree of professionalism in management, self-knowledge and emotional intelligence; in the enterprise dimension, more strategy-oriented women entrepreneurs have promoted, more peculiar ways of combining resources; in the environment dimension, constant monitoring promoted innovations for the company and especially for the market. It was also emphasized that the forms of analysis of a potential growth opportunity were predominantly intuitive and subjective factors such as risk of affecting reputation, legacy, emotion, and spirituality influenced the decision to explore the growth opportunities around the firm. Finally, in a noneconomic perspective, business growth, for them, does not dissociate the personal growth, the quality of life of workers and the social welfare.
O empreendedorismo é reconhecido como um instrumento de desenvolvimento e crescimento econômico, principalmente em economias emergentes como a brasileira, onde as empreendedoras já representam maioria dos empreendimentos iniciais (GEM, 2016), mas por outro lado a literatura do empreendedorismo feminino vem suscitando, com base em estudos predominantemente quantitativos, que empresas de mulheres têm um crescimento inferior em comparação a seus homólogos masculinos, sendo ainda escassos estudos que examinem o crescimento a partir de suas estratégias e diferenças qualitativas. Assim, esta pesquisa buscou analisar as estratégias de crescimento construídas por empreendedoras em empresas que apresentaram período de alto crescimento e, com isso, ampliar a compreensão do fenômeno. Para atingir esse objetivo foi construído um modelo analítico com base no referencial teórico visando nortear a análise em três dimensões: indivíduo, empresa e ambiente. O estudo é de natureza qualitativa, a estratégia de pesquisa foi o estudo de casos multiplos, as evidências foram coletadas por meio de entrevistas semiestrutadas com as proprietárias, documentos e observação direta. A análise se procedeu por meio da técnica denominada cross-case analysis, utilizada para examinar semelhanças e diferenças entre os casos. Como principais resultados, destacam-se: na dimensão indivíduo, a intensidade empreendedora não relacionada ao tempo em horas, mas sim à eficiência do uso desse tempo alcançada por um alto grau de profissionalismo na gestão, autoconhecimento e inteligência emocional; na dimensão empresa, as empreendedoras mais orientadas para a estratégia promoveram formas mais peculiares de combinar os recursos; na dimensão ambiente, o monitoramento constante promoveu inovações para a empresa e, principalmente, para o mercado, sublinhando-se ainda, que as formas de análise de uma potencial oportunidade de crescimento foram predominantemente intuitivas e fatores subjetivos como risco de afetar a reputação, senso de legado, emoção e espiritualidade influenciaram na decisão por explorar as oportunidades de crescimento no entorno da firma. Por fim, em uma perspectiva não econômica, o crescimento empresarial, para elas, não se dissocia do crescimento pessoal, da qualidade de vida dos trabalhadores e do bem-estar social.
São Cristóvão, SE

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Kazeminia, Ali. "Firm Sustained Growth." Doctoral thesis, Universitat Ramon Llull, 2015. http://hdl.handle.net/10803/301631.

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Aquesta tesi respon a la pregunta de “Com les empreses creixen de forma sostenible en contexts dinàmics”, una de les qüestions fonamentals de la literatura d’estratègia. La tesi està formada per tres estudis que aborden diferents aspectes del creixement d´una empresa. El primer estudi proporciona un anàlisi teòric sobre “com” es produeix el creixement utilitzant la perspectiva “open-systems” i “resource-based view”. Bàsicament descriu com els recursos de les empreses creixen, i clarifica les característiques del creixement. L’estudi finalitza amb una discussió sobre la heterogeneïtat dels recursos de les empreses. El segon estudi aporta un recolzament empíric al primer estudi i descriu el creixement sostingut del consorci Airbus durant un període de 20 anys (entre 1967 i 1986). L’estudi mostra com la acumulació incremental de recursos centrada en l’estratègia de “comunalitat” ha contribuït al creixement sostenible d’Airbus. A més a més, l’estudi mostra dos períodes de creixement (1) la creació i establiment durant la primera dècada i (2) altres avanços tecnològics posteriors. Finalment, el darrer estudi aporta una teoria sobre el trencament inesperat d´una aliança i com aquest interromp el creixement de la empresa, on el divorci dirigeix l’empresa a una crisi. L’article argumenta com l’empresa pot superar la crisi i tornar a les condicions de creixement a través de la gestió dels seus recursos. L’estudi presenta com la velocitat de canvi dels recursos pot contribuir a la gestió dels recursos en crisi.
Esta tesis responde a la pregunta “¿cómo pueden crecer de forme sostenible las empresas en contextos dinámicos?”, que es una de las cuestiones fundamentales en la literatura de estrategia. La tesis está formada por tres estudios sobre varios aspectos del crecimiento de las empresas. El primer estudio presenta un estudio teórico sobre “cómo” se produce el crecimiento de empresa utilizando la perspectiva de “open-systems” y “resource-based view”. Básicamente describe cómo los recursos crecen y clarifica las características de ese crecimiento. El estudio finaliza con una discusión sobre la heterogeneidad de los recursos de las empresas. El segundo estudio aporta un estudio empírico sobre el tema tratado en el primer artículo y describe el crecimiento sostenible del consorcio Airbus a lo largo de 20 años (entre 1967 y 1986). El estudio muestra cómo la acumulación incremental de recursos centrada en la estrategia de “comunalidad” ha contribuido al crecimiento sostenido de Airbus. Además, el estudio presenta dos períodos de crecimiento: (1) la creación y establecimiento durante la primera década, y (2) otros avances tecnológicos posteriores. Finalmente, el último estudio ofrece una teoría sobre la terminación inesperada de una alianza y cómo ésta interrumpe el crecimiento de la empresa, donde el divorcio lleva la empresa a la crisis. El artículo argumenta cómo la empresa puede superar la crisis y volver a las condiciones de crecimiento a través de la gestión de sus recursos. El estudio presenta cómo la velocidad de cambio de los recursos puede contribuir a la gestión de los recursos en crisis.
The thesis responds to the question ´how do firms grow sustainably in dynamic environments´ as one of the fundamental questions in strategy literature. It provides three concrete studies in addressing various aspects of firm´s growth: the first study provides a theoretical study on the how of firm growth drawing on open-system perspective and resource-based view. It basically describes how firm´s resources grow and clarifies the characteristics that resources show over time. The study is finalized by discussions on the heterogeneity of firms´ resources. The second study provides an empirical support for the first study and provides an empirical case on the successful and sustained growth of Airbus consortium over 20 years from 1967 to 1986. The study shows how the incremental accumulation of resources with a focus on commonality strategy has contributed to the sustained growth of Airbus. In addition, the study shows two periods of growth (1) sparks and establishment in the first decade of Airbus growth and (2) further technological advances afterwards. Finally, the last study provides a theory of an unexpected dissolved alliance interrupting the firm growth where the divorce directs the firm into crisis. It discusses how the firm can pass the crisis and return to its growth condition through the management of its resources. The study discusses how the change speed of resources could contribute to the management of resources in crisis.

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Elert, Niklas. "Economic dynamism : essays on firm entry and firm growth." Doctoral thesis, Örebro universitet, Handelshögskolan vid Örebro Universitet, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:oru:diva-34804.

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The topic of this thesis is economic dynamism. The five articles contribute to the literature on firm entry and firm growth. Studies are based on a dataset covering all Swedish limited liability firms between 1997 and 2010. The first article investigates conditions for firm entry in Sweden, distinguishing regular entrants from entrants that survive for at least two years, modelling the firm entry decision using count data models. While high income and a well-educated population had a positive effect, the effect was more important for surviving entrants. The second article uses a similar method, but focuses on wholesale industries and distinguishes between regular entry and in migration of firms, i.e. when an incumbent firm relocates its operations. Access to a university, many educated workers and low local taxes had positive effects. Better access to infrastructure had a strong positive effect on entrants, but it was smaller for in-migrating firms. The third article investigates if the industry context matters for whether Gibrat’s law holds, i.e. whether firm growth is independent of firm size. The law is found more likely to be rejected in industries with a high minimum efficient scale and a large number of firms located in metropolitan areas, but more likely to hold in industries with high market concentration and more group ownership. The fourth and fifth article contribute to the high-growth firms (HGFs) literature. In the fourth article it is examined whether the way HGFs are defined matters for the policy implications. It is found that the economic contributions of HGFs differ significantly depending on definition. Young firms are however more likely to be HGFs irrespective of definition. The fifth article considers the frequent argument that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are thought more likely to become HGFs. We examine this assumption by studying the industry distribution of HGFs. Results indicate that industries with high R&D intensity, ceteris paribus, can be expected to have a lower share of HGFs than can industries with lower R&D intensity. By contrast, we find that HGFs are overrepresented in service industries with a high share of human capital.

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Davidsson, Per. "Continued entrepreneurship and small firm growth." Doctoral thesis, Stockholm : Economic Research Institute, Stockholm School of Economics [Ekonomiska forskningsinstitutet vid Handelshögsk.] (EFI), 1989. http://www.hhs.se/efi/summary/281.htm.

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Lam, Mong-ha, and 林夢夏. "Growth process in Chinese manufacturing firm." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1996. http://hub.hku.hk/bib/B31267269.

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Lam, Mong-ha. "Growth process in Chinese manufacturing firm /." Hong Kong : University of Hong Kong, 1996. http://sunzi.lib.hku.hk/hkuto/record.jsp?B18003473.

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Danielson, Morris G. "Firm value, growth opportunities, and leverage /." Thesis, Connect to this title online; UW restricted, 1996. http://hdl.handle.net/1773/8793.

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Wang, Shiyun. "Essays on firm size and growth." Thesis, University of Cambridge, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.619585.

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Setti, Andrea. "Science-Based firm performance and growth." Thesis, Lyon, 2019. http://www.theses.fr/2019LYSE3030.

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Cette thèse propose un cadre théorique et empirique portant sur la croissance et le développement et offre des éléments et outils nécessaires à l’amélioration de notre compréhension des dynamiques de croissance des EOS. Pendant tout ce travail de thèse, on a insisté sur les dynamiques des EOS en lien avec leurs performances et leur croissance. Avant toute enquête plus poussée, avec l’analyse des principales contributions taxonomiques, une définition générale des Entreprises à Orientation Scientifique (EOS) est formulée eu égard du fait que ces entreprises cherchent à appliquer des connaissances scientifiques et compétences technologiques afin de commercialiser les produits qui sont au cœur de leurs activités.En appliquant la définition mentionnée ci-dessus, une première étude a été effectuée avec l’objectif double de présenter un portrait actualisé de l’état de l’art et d’examiner de manière critique l’adoption de facteurs de performance des EOS afin de mieux comprendre la manière dont on a étudié les performances des EOS et de suggérer un sens définissant l’axe des études et approches méthodologiques futures. Les résultats démontrent que les études se concentrent sur des dimensions spécifiques aux entreprises, ce qui permet, dans certains cas, d’expliquer les performances des EOS. Dans de nombreux autres, on a abouti à des résultats contradictoires. De manière générale, dans cette enquête, on a expliqué pourquoi l’étude des performances des SBF est encore largement sous-développée et les indicateurs en lien aux capabilités d’innovation et à la gestion des connaissances, tels que les évolutions de l’innovation, le développement des technologies ou les transferts de connaissances, semblent plus appropriés pour démontrer la spécificité de ces entreprises. De plus, à partir des résultats, on a abouti à la nécessité d’adopter une approche holistique prenant en compte des aspects plus variés, avancés par exemple par les théories des écosystèmes.Suivant une méthodologie holistique, une étude exploratoire a été menée dans la région de Lyon, en France en adoptant l’approche des Ecosystèmes Entrepreneuriaux (EE). Dans cette étude, grâce à une démarche rétrospective, il a été possible de souligner les relations opérant de manière sous-jacente entre les éléments de l’écosystème et des Nouvelles Entreprises à Orientation Scientifique (NEOS). Les résultats montrent que les institutions coordonnées et concentrées sur les axes des capabilités principales et de l’excellence du domaine contribuent de manière exceptionnelle à la fondation de nouvelles entreprises. De manière générale, les résultats montrent que l’EE peut être une construction théorique cohérente, et particulièrement pendant le premier temps du développement des NEOS.Cependant, en considération du processus complet de création des EOS, trois éléments se démarquent : le gouvernement, les universités et les investisseurs, s’inscrivant dans la filiation de ce que l’on appelle l’approche de la triple hélice, appliquée dans la plupart des sociétés du savoir modernes. La région de Lyon présente une application réussie de ce modèle, ce qui nous permet de débattre de l’analyse suivant laquelle une macro-observation préliminaire des configurations institutionnelles est nécessaire pour comprendre les dynamiques des EOS.Pour les raisons précédemment évoquées, la perspective de l’enquête passera du niveau micro au niveau méso dans la troisième enquête. La dernière étape de cette thèse portera son attention sur le modèle à trois hélices italien dans l’industrie à orientation scientifique
This thesis proposes a theoretical and empirical framework on growth and development and offers elements and tools necessary to improve the understanding of the growth dynamics of SBFs. Throughout this thesis, emphasis has been placed on the study of SBFs dynamics related to their performances and growth. Prior further investigation, through the analysis of the main taxonomical contributions, a comprehensive definition of Science-Based Firms (SBFs) is formulated which incorporates the consideration that these ventures seek the application of scientific knowledge and technological skills to commercialize products at the core of their activities. Applying the above mentioned definition, a first study was performed with the double objective to provide an updated, state-of-the-art picture of the SBFs and to critically examine the adoption of SBFs’ performance determinants in order to be able to better comprehend the way in which SBFs’ performances have been approached and suggest future directions in terms of focus of studies and methodological approaches. Results show that studies concentrate on firm-specific dimensions succeeding in some situations to explain SBFs’ performances and in many other cases contradicting results emerged. In general, in the investigation, was outlined how the study of SBFs’ performances, is still widely underdeveloped and indicators related to innovation capabilities and knowledge management such as innovation developments, technology development or knowledge transfer, seem more appropriate to infer the peculiarity of these firms. Moreover, from the findings emerged the necessity to adopt a holistic approach considering broader dimensions proposed for example by ecosystem theories. Following a holistic methodology, an explorative study was conducted in the area of Lyon, France, adopting the Entrepreneurial Ecosystem (EE) approach. Thanks to the retrospectivity adopted, in this study was possible to underline the relationships underpinning between the elements of the ecosystem and New Science-Based Firms (NSBFs). Findings show that institutions coordinated and focused on the main capabilities and excellence of the area make an extraordinary contribution to the establishing of new companies. In general results show that the EE can be a consistent theoretical construct, especially during the first stage of NSBF’s development. However, looking at the whole process of SBF creation, three elements stand out: government, university and investors, incorporating the lineages of the so-called triple-helix approach applied in most modern knowledge-based societies. The area of Lyon represents a successful application of this model, opening the debate on the analysis that at first, to understand SBFs’ dynamics, a macro look at the institutional configuration is needed. For the previous reasons, the focus of the investigation shift from micro and meso level to macro level in the third investigation. The last step of the dissertation research focused its attention on the Italian triple-helix model for the science-based industry. Collecting interviews among the most representative Italian institutions supporting SBFs and collecting precious insights among Italian SBFs, both established and nascent, a comprehensive understanding on “what went wrong” situation is shown providing insights into the relationship dynamics that did not occur to make the innovation system work efficiently. Moreover, possible streams for future researches and suggestion for policy makers are provided. In general, this dissertation provided advancements for the understanding of SBFs’ growth dynamics providing fresh insights for academics and policy makers in designing future studies and policies

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Mogos, Serban Ioan. "High Growth Entrepreneurship: A Multi-Level Perspective on Firm Growth and Growth Policy." Research Showcase @ CMU, 2017. http://repository.cmu.edu/dissertations/1106.

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Entrepreneurship is the force that drives economic, social and technical progress. A small percentage of firms (5%) is responsible for a disproportionately large amount of net job creation (>50%). Named high growth firms, these successful enterprises have been in the spotlight of research looking into the key drivers of firm growth and growth policy. This dissertation explores high growth from multiple perspectives: at the level of the firm, by understanding how the definition of a high growth firm impacts its characteristics and expected performance over time; at the local level, by isolating the effect of political connections of firm performance and firm entry; and at the macro level, by observing the evolution of entrepreneurship during transition. The first study finds that most HGFs are unable to maintain high growth rates for long, but do register lower volatility in growth rates and a higher chance of survival. Results on growth volatility and persistence vary significantly with the specific definition of “high growth” used as well as with the specific variable used to measure growth (e.g., revenue, employees, profit, productivity). These findings have direct implications for growth policies and programs that depend on identifying HGFs. The second study indicates a strong significant effect of political alignment on revenue growth and firm entry. Larger firms take advantage of political connections for performance gains, while small firms are negatively impacted. Furthermore, alignment reduces entry into entrepreneurship by 8-11%. These findings establish political alignment and local-level business-politics collusion as important dynamics to consider when evaluating entrepreneurship policy in developing countries. The third study describes the interdependence between entrepreneurship, institutions, and transitions. The case of Romania shows that the beginning of transition was characterized by an initial explosion of newly created private enterprises, followed by a declining trend in enterprise creation and, recently, by a new increase in entrepreneurship activity. To conclude, this work contributes new perspectives towards a better understanding of high growth firms and growth policy. Policy implications are targeted towards transition and developing economies that have seen little representation in literature. The goal is to enable successful high growth policies across multiple levels.

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Harkin, A. "The construct of firm growth : an insight into the lived experiences and perspectives of high-growth firm stakeholders." Thesis, Queen's University Belfast, 2012. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.557611.

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In consideration of the mounting importance o(firm growth in today's economy, there was a vital necessity to address ) a gap in the growth literature as a matter of priority. Over the duration of this research project, a review of the relevant literatures revealed that existing research on firm growth was underdeveloped both conceptually and empirically. Consequently, the overall aim of this doctoral study was to gain a greater understanding of firm growth by means of a comparison of the experiences and perspectives of the high-growth firm stakeholders in Northern Ireland in an attempt to build a more comprehensive and holistic picture the construct of firm growth. This involved an exploratory study employing an in-depth qualitative research design providing the opportunity for a greater understanding of the meanings, values and beliefs that the participants attached to their realities of growing a ) business. In-depth interviews and focus groups were the primary sources of empirical evidence used to address the research questions of interest. Drawing on the high growth firm stakeholders' perspectives and experiences which inform this research, the findings indicate that high-growth business leaders and those charged with supporting such firms have several diverse perspectives and experiences of growth. Indeed, the results would appear to suggest that high-growth stakeholders do not necessarily talk about the same thing when referring to growth, highlighting heterogeneity in perspectives. In a similar vein, a gap exists between growth measures commonly employed in the literature and what the business leaders view as actual growth. Another conclusion to emerge from this study was that context matters and must be taken into consideration when studying firm growth. Moreover, this doctoral study posits that stakeholder theory has the potential to make a worthy contribution and offer some insights into the area of firm growth.

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Ferlic, Flora. "The Growth Corridor a Multi-Perspective Model of Optimum Firm Growth /." kostenfrei, 2008. http://www.biblio.unisg.ch/www/edis.nsf/wwwDisplayIdentifier/3500.

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Ni, Aimin. "Stock market activities, economic growth and firm growth : evidence from China." Thesis, Brunel University, 2017. http://bura.brunel.ac.uk/handle/2438/16155.

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How important is the financial market for economic growth? It can be argued that from the supply perspective that a well-functioning stock market boosts economic growth by lowering the cost of the firm to access public funds for new investment opportunities to expand business and production. Another view suggests that from the demand perspective that stock markets create a wealth effect on consumption for economic growth. In turn, the growth induces more demand for financial services and so the growth of the stock market. Both the supply and the demand argument imply a positive relationship between the stock market and the economy. Exactly how the behaviour of investors in trading stocks on a stock market can affect the performance of the firm is unclear. The study of this question helps to understand how stock trading activities can affect manufacturing production and so the growth of an economy from the perspective of the micro structure of a market. China as the largest emerging economy in the world has experienced the fastest growth of the economy and rapid development of its stock market over the last 30 years. It provides us with an excellent case to study the question on how the momentum of paper trading of shares can be transmitted to the growth of industry and firms which is a determined part of a real economy. The thesis takes China to study the question in an attempt to discover the micro mechanism of transmission as its key contribution to the existing literature on the study of the stock market effect on economic growth. The thesis employs a fixed effects model to estimate longitudinal firm-level data comprising 2233 heterogeneous Chinese listed firms over the period 2005-2015. In our estimation, it finds how stronger stock-trading performance can induce an increase in external funding of the firm. It then shows how the improvement in a firm's financing ability will turn to improvements in inter-firm reallocations of resources towards the more productive firms. However, the presence of equity over-trading appears to hinder the growth of firm business, possibly because the negative externalities of the speculative trading outweigh the effect of the positive externalities, such as excessive volatility that creates high risk of stock investment. Overall, empirically, the thesis establishes a micro-economic structure of transmission from stock trading activities to the growth of the firm. The structure explains the importance of stock markets on economic growth from the supply perspective of an economy.

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Wu, Zhenyu. "Altruism and the family firm, some theory." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 2001. http://www.collectionscanada.ca/obj/s4/f2/dsk3/ftp05/MQ65063.pdf.

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Mei, Zhu. "Towards a productivity theory of the firm." Kyoto University, 2008. http://hdl.handle.net/2433/136114.

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Strömberg, Michaela, and Judith Bindala. "Immigrant Entrepreneurship in Sweden – Strategies for Firm Growth." Thesis, Umeå universitet, Företagsekonomi, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-74482.

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Firm growth can be seen as a driving and determinant factor for economical development and employment in Sweden and other counties. SMEs plays an important role and are bearing most of the economical growth and employment on their shoulders and represent 99,4 percent of all the firms registered in Sweden, which in return makes it important that they grow and develop. Every fifth firm established today is run by an immigrant entrepreneur and so far the immigrant entrepreneurs represent 14 percent of the firms in Sweden and most of these firms are considered as SMEs. The interest of immigrant entrepreneurship within academic research and media has increased during the last years and different studies have shown what impact immigrant entrepreneurs have on the Swedish society and how much they contribute to the Swedish economical growth and employment. A study done by Swedish Agency for Economic and Regional Growth (2010a) showed that immigrant entrepreneurs tend to have a more positive attitude towards firm growth than native entrepreneurs. Although immigrant entrepreneurs have a positive attitude towards firm growth there are some barriers to firm growth that they face which in return can prevent or slow down the firm growth. Strategies are important since they allow firms to achieve firm growth and business goals. The aim of our study is to increase the understanding of strategies that immigrant entrepreneurs’ develop in order to achieve firm growth. Based on one previous study conducted by SCB (Efendic et al., 2012) studying firm growth and immigrant entrepreneurship, we have managed to identify a research gap that needs to be fulfilled. This thesis will contribute will relevant knowledge and data for entrepreneurs as well as individuals to get a deeper understanding of how immigrant entrepreneurs work in order to reach firm growth. The data collection and analysis of the research allowed us to be able to answer the research question; “How do immigrant entrepreneurs in Sweden develop strategies in order to reach firm growth in their business?” To carry on with the study and collect relevant data for the research, we took the direction of abductive approach with a qualitative research strategy. The interviews and empirical findings consist of six different immigrant entrepreneurs based in Sweden. From the findings, the authors came across different strategies that are commonly used by immigrant entrepreneurs. Furthermore, internal and external factors and barriers provided in the literature also influenced the firm growth. It was really interesting to see that many of the most common prejudices that exist within immigrant entrepreneurship were false in this study. This is proved since none of the immigrant entrepreneurs limit their markets to the ethnical groups and most of the firms did not use the personal network in terms of family and friends when building up the staff base. Outsourcing was a strategy that used within many of the firms in order to continuously to reach firm growth. It was also interesting to see that the personal history of the entrepreneur had a huge impact on the firm growth and the business goals.

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Wiklund, Johan. "Small Firm Growth and Performance : Entrepreneurship and Beyond." Doctoral thesis, Jönköping : Jönköping International Business School [Internationella handelshögsk. i Jönköping], 1998. http://www.hj.se/forskning/wiklund.pdf.

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Buettner, Thomas. "The dynamics of firm profitability, growth, and exit." Thesis, London School of Economics and Political Science (University of London), 2004. http://etheses.lse.ac.uk/1812/.

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This thesis analyses the dynamics of firm profitability, growth, and exit across different industries. Chapter 1 documents a striking empirical regularity in the joint distribution of firm profitability and firm size which varies systematically across industries: In industries with a high intensity of R&D investments, there is a strong, systematic "negative tail" of small loss-making firms in the profits-size distribution, whereas this "negative tail" is much less pronounced in industries with low R&D intensity. The chapter also proposes a simple reduced form dynamic model which explains the main empirical features by combining two key mechanisms: a real option effect at the business level and a diversification effect at the firm level. The second part of the thesis takes a structural approach. Its focus is on estimating the dynamic evolution of firm productivity which is an unobserved state variable in an underlying structural model. In this model, firms make exit decisions and investment decisions in physical capital and in R&D. Chapter 2 extends the model in Olley & Pakes (1996) to include R&D decisions that stochastically affect future productivity realisations and proves that their invertibility approach still applies. It estimates the distribution of future productivity conditional on current productivity and R&D investments, which is the key stochastic primitive in theoretical models of firm dynamics. Chapter 3 introduces knowledge capital as a second unobserved state variable into the model and extends the invertibility idea and the estimation strategy to the case of two unobserved state variables. Knowledge allows for lagged effects of R&D on productivity while simultaneously accounting for the stochastic nature of R&D. This reconciles the knowledge capital view in the tradition of Griliches (e.g. 1998) with the stochastic approach in the recent literature on firm dynamics.

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Masenyetse, Rethabile Francis. "Firm growth, survival and productivity in South Africa." Doctoral thesis, University of Cape Town, 2017. http://hdl.handle.net/11427/27099.

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In developing economies, the existence of a healthy industrial structure is vital to the pursuit of long term policy objectives of employment and sustainable economic growth. This makes it important to understand the dynamics of firm survival and growth. There has been little attention on the topic in developing countries because of data limitations, which prevalent in most developing countries except for few countries with established stock exchanges such as South Africa. This thesis studies the relationship between firm growth, survival and productivity using South Africa as the case study and fills the gap in industrial organisation literature by providing new empirical evidence on developing countries. The first paper analyses the changing size distribution, concentration rates and reasons for non-survival. The data on companies listed in the Johannesburg Stock Exchange (JSE) during the period 2000-2010 is used. Firm sales is adopted as the main measure of firm size while assets are used for comparison purposes. Following the Law of Proportionate Effects (LPE) framework, it evaluates of the relative growth rates of large and small companies in general and at sectoral and industrial levels. The result indicates that smaller firms are growing faster than larger ones, and more interestingly it is the smallest of the small and medium firms that are growing the fastest indicating that the industrial structure in South Africa is quite healthy. This finding is robust to correction of potential econometric problems of sample selection bias, growth persistence and heteroscedasticity. The second paper considers the patterns of growth and survival and specifies a simple logit binary survival model that allows for firm and industry specific characteristics as determinants of survival. The model is improved upon using the non-parametric Kaplan-Meier product limit method and estimating Cox proportional hazard model. The results indicate that large firms, high leverage and profitability operating in the primary sector have higher probability of survival in South Africa. This is robust after taking into account the global financial crisis of 2008-2009. The last paper tests the validity of the link between firm finance and total factor productivity. Using leverage and liquidity are the indicators of finance, the results from panel data estimation indicates that low leverage firms are more productive compared to the high leverage, while the low liquid firms are less productive compared to high liquid firms. The results were subjected to a number of robustness tests to address potential econometric issues that may invalidate the findings.

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Allen, Caitlin Shannon. "Firm Size, Age and Growth in South Africa." Master's thesis, University of Cape Town, 2018. http://hdl.handle.net/11427/29416.

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The relationship between a firm’s size, age and proportional growth rate is examined using multiple samples of South African firm-level data from the early to mid-2000s. The foundation of this study is Gibrat’s Law of Proportionate Effect (Gibrat, 1931), which states that a firm’s proportional growth rate is independent of its absolute size at the start of a given period. It is assumed that firm growth follows a random walk and, therefore, should not be affected by firm size. An implication of Gibrat’s Law of Proportionate Effect is that the firm size distribution is lognormal. However, based on both empirical and theoretical literature, this theory of firm growth has fallen out of favour and been replaced by the proposal that there is an inverse relationship between a firm’s proportional growth rate and both its size and age. Two questions are evaluated in this research using the samples of South African firms. The first is whether the firm size distribution is lognormal. If this is not the case then Gibrat’s Law of Proportionate Effect can be rejected. However, this approach cannot confirm that Gibrat’s theory is valid and will, therefore, be referred to in this paper as a partial test. It was shown that the log firm size distribution was not normal, but rather right-skewed with a Pareto distribution characterising the upper tail. Consequently, Gibrat’s Law of Proportionate Effect was rejected for the datasets of South African firms. This evidence is largely observational and does not explicitly assess the relationship between proportional growth rates and firm size. Therefore, the second question is whether Gibrat’s Law of Proportionate Effect holds. This was investigated by testing conditions derived from Gibrat’s Law of Proportionate Effect, the results of which can lead to either the rejection or acceptance of this proposition. This study extends Gibrat’s research in order to determine the relationship between firm age and proportional growth. Statistical methods, such as Ordinary Least Squares regressions, considering only firms that survived the period under consideration, were used. The results revealed that Gibrat’s Law of Proportionate Effect was invalid and there was a systematic tendency for the smaller, younger South African firms in the datasets to grow proportionally faster than the larger, older firms. This finding supports the view that firm growth is not entirely random.

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Dzotefe, S. A. "Influences on small firm growth rates in Ghana : factors which influence small firm growth rates and which are important in distinguishing rapid-growth small firms from slow-growth small firms." Thesis, University of Bradford, 2008. http://hdl.handle.net/10454/4457.

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Although the development of small businesses is generally considered important for income generation and job creation, there has been relatively little research in developing countries such as Ghana on understanding why some small firms succeed and grow rapidly while others do not in. This thesis investigates the influences on small firm growth rates in Ghana using data from a random sample of 252 manufacturing and services firms from the database of the Association of Ghana Industries. The general hypothesis is that, growth is a function of the characteristics of the entrepreneur; characteristics of the firm; strategic factors; environmental factors; and cultural factors. Consequently, the research tests 36 hypotheses drawn from the five main categories of variables using the turnover and the employment growth measures. It also uses logistic regression analysis to isolate significant factors differentiating rapid-growth firms from slow-growth firms. Overall, the research finds strong evidence which suggests that, perception of a market opportunity; university education; multiple founders; entrepreneurs with marketing skills; workforce training; new product development; presence of a clear vision and mission statement; majority non-family members in management and membership of professional or business associations were associated with rapid-growth firms. iv Factors which were significant in discriminating between rapid-growth and slow-growth firms but were more likely to be associated with slow-growth firms included threat of unemployment or actual unemployment as a motivation for starting a business; production skills; legal form (limited liability companies); access to external equity (post-formation); exporting; access to public or external aid; unionization and frequent management meetings.

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Savagar, Anthony. "Firm dynamics and the macroeconomy." Thesis, Cardiff University, 2016. http://orca.cf.ac.uk/91156/.

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The thesis investigates how firm entry and exit into industry influences macroeconomic productivity. The first contribution is to show that firm entry and exit dynamics cause endogenous productivity movements over the business cycle due to the slow response of incumbent firms to macroeconomic conditions. The second contribution is to show that these productivity effects persist into the long run because of firm dynamics’ effect on industry competition. Therefore the thesis argues that slow firm responses cause amplified productivity effects in the short run and that these effects can persist into the long run. A key distinction of the research is to develop an analytically tractable dynamic general equilibrium model. This provides a precise explanation of productivity movements, without using numerical simulation. A crucial feature of the modelling is that firm dynamics have a time-to-build lag, so entry and exit are noninstantaneous. This causes a short-run period during which shocks to the economy are borne by inert incumbent firms and this is responsible for amplified short-run productivity effects. However, over time firms are able to enter and exit which ameliorates the amplification effect. Thus this process alone does not explain persistent effects on productivity. In order to understand persistent effects, the thesis explains that one must consider the effect of entry and exit on the competitive pressure of incumbents. When this is taken into account it shows that firms change their pricing behaviour in response to entry and exit, and the result is that long-run pricing markups change which in turn affect long-run productivity. Chapter 1 demonstrates the empirical relevance of the relationship between productivity, firm entry and output in US data. Chapter 2 develops a structural model to explain shortrun movements in productivity and firm dynamics. Developing chapter 2, chapter 3 explains the long-run effect of firm dynamics on productivity through entry’s effect on competition.

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Mawson, Suzanne. "High growth firms in Scotland : customer perceived value creation and rapid firm growth." Thesis, University of Strathclyde, 2013. http://oleg.lib.strath.ac.uk:80/R/?func=dbin-jump-full&object_id=20998.

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The past twenty years have seen an increasing level of importance attached to rapidly growing "high growth firms" (HGFs) within the academic and policy-making communities. However, despite decades of research, our knowledge about how these firms achieve such strong performance remains limited. The literature is dominated by studies seeking to correlate firm characteristics with growth, rather than attempting to explore the nature of rapid firm growth itself. This thesis contributes to the high growth firm literature by exploring the process of rapid firm turnover growth, specifically at the impact that customer perceived value has on firm performance. Drawing on data collected from a large scale questionnaire and Critical Incident Technique interviews, this thesis presents a number of important findings. It identifies the important role played by critical events or key "trigger points" in firm growth and provides a conceptualisation of this firm growth process. This process emphasises that the manner in which a trigger is sensed, seized and managed is of greater significance than the trigger itself. Competencies such as a propensity for risk-taking, a focus on strategic planning and operational flexibility are identified to be of particular importance to successfully capitalise on critical trigger points. This thesis also explores at length firm-level competencies and firm-customer interactions that help to facilitate customer perceived value creation. At the firm-level, the data demonstrates that high growth firms exhibit strongly customer-centric ideologies, significant operational flexibility and a propensity for learning. At the firm-customer interaction level, high growth firms demonstrate significant competencies, such as engaging deeply with customers and participating in co-creation activities. These competencies allow HGFs to have a significant influence on customer perceived value creation, which in turn has a positive effect on firm performance through higher repeat purchases and referrals. These competencies differentiate HGFs from their more moderately-performing counterparts.

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Hou, Lei. "Financial development and firm internationalization: theory and evidence." Diss., lmu, 2012. http://nbn-resolving.de/urn:nbn:de:bvb:19-143550.

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Mbeki, Nobantu Lerato. "Kaleckian theory of the firm and radical uncertainty." Thesis, University of Manchester, 2008. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.498797.

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This contribution relates uncertainty to time. It illustrates that the uncertainty inherent in different theories diverges in a manner dictated by the time system used and its associated construction of how agents perceive time to pass. Different time systems relate to different contexts. Only one time system is shown to be consistent with fundamental uncertainty. If this so, then it can be shown that Kaleckian theory of the firm can be consistent with post Keynesian radical uncertainty.

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Pastra, Panayiota. "A descriptive theory of the big accounting firm." Thesis, University of Strathclyde, 2003. http://oleg.lib.strath.ac.uk:80/R/?func=dbin-jump-full&object_id=21532.

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This is an accounting dissertation, whose subject is the type of firm that dominated accounting developments in the UK and the US for most of the 20th century. Its focus is theory creation and most of the dissertation exposition does not focus on the theory per se. Instead, most of the exposition is devoted to communicating the pathway of the reflexive interpretation of the empirical materials relied on. Thus, the last chapter is the theory chapter, as it is the culmination and conclusion of theory creation. Theory creation relied on a qualitative research methodology (bricolage) that combined a specific concept of reflexivity, developed by Alvesson and Skèoldberg (2000) with a specific approach to engaging with empirical materials developed by Strauss and Corbin (1990). The empirical materials were drawn from three types of sources referencing the big accounting firms, academic research, the histories commissioned by the big firms and the intermittent disclosures of quantity 'stories' about the commercial operations of the firm. The theory created is an assembly of constructed concepts synthesising the various levels of reflexive interpretation of the empirical materials. It communicates a different vision of the firms; they are seen as a type of capitalist firm that has at least six enduring characteristics, all related to commercial action. These are capital management services production, client-focussed geographical orientation, partnership form, ethnic affiliation, prestige and knowledge base.

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Boone, Jan. "Essays in growth theory." Thesis, University of Oxford, 1997. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.390237.

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Dousios, Dimitrios. "Entrepeneurial strategy making, dynamic capabilities & small firm growth." Thesis, University of East Anglia, 2010. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.539351.

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Theory on entrepreneurship suggests that the relationship between an entrepreneurial orientation and firm performance is positive. In explaining performance, entrepreneurship researchers have focused on its financial aspects, paying less attention on firm growth as a nonfinancial performance dimension. Moreover, when attempting to depict influences that reinforce this relationship, research attention emphasizes factors external to the firm, thus neglecting the effects of internal firm characteristics. In parallel, the resource based view, focusing on the nature and characteristics of internal firm assets, proclaims that the basis for achieving sustainable performance is related to the capacity to develop dynamic capabilities. As the debate on these higher order assets is emerging, the present study attempts to investigate their nature and performance implications by taking into account the unique physiognomy of small firms, presenting dynamic capabilities as aspects of firms' flexibility. Moreover, this study examines their complementary effects on the entrepreneurial orientation - small firm growth relationship, in terms of their moderating and collective effects. Drawing from a sample of 143 Greek small firms, analysis demonstrated that: a) an entrepreneurial orientation contributes to small firm growth, b) dynamic capabilities have positive effects on small firm growth, c) the entrepreneurial orientation - small firm growth relationship is influenced by dynamic capabilities and d) speed of responsiveness emerges as the most fundamental dynamic capability both in terms of its direct effects to performance as well as its moderating effect on the entrepreneurial orientation - small firm growth relationship. These results contribute to the entrepreneurship literature by demonstrating a unified picture that depicts a series of key competencies, offering a conceptual and empirical path to better understand the uniqueness of smaller organisations

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Regateiro, André. "Three Essays on Economic Growth, Firm Formation, and Productivity." Research Showcase @ CMU, 2014. http://repository.cmu.edu/dissertations/578.

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Fung, Ping Hsuan. "Three essays on exporting, firm dynamics, and productivity growth /." For electronic version search Digital dissertations database. Restricted to UC campuses. Access is free to UC campus dissertations, 2002. http://uclibs.org/PID/11984.

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Halvarsson, Daniel. "Firm Dynamics : The Size and Growth Distribution of Firms." Doctoral thesis, KTH, Samhällsekonomi (Stängd 20130101), 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-118333.

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This thesis is about firm dynamics, and relates to the size and growth-rate distribution of firms. As such, it consists of an introductory and four separate chapters. The first chapter concerns the size distribution of firms, the two subsequent chapters deal more specically with high-growth firms (HGFs), and the last chapter covers a related topic in distributional estimation theory. The first three chapters are empirically oriented, whereas the fourth chapter develops a statistical concept.

QC 20130215

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Bianchini, Stefano. "Three essays on firm growth, innovation, and persistent performance." Thesis, Strasbourg, 2015. http://www.theses.fr/2015STRAB011/document.

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Les trois études traitent du processus de croissance des entreprises, sa persistance, ainsi que du rôle de l’innovation dans la performance des entreprises. Dans la première étude, nous nous concentrons sur la persistance de la forte croissance des entreprises et examinons si ce modèle de croissance spécifique est associé à de meilleures capacités d’exploitation. La deuxième étude vise à explorer la relation entre la croissance et l’innovation, en tenant compte de la nature multidimensionnelle du processus d’innovation. Nous observons un large ensemble de variables d’innovation qui saisissent des sources différentes, des modes et types d’activités innovantes mises en œuvre au sein des entreprises. Dans le troisième essai, nous examinons le rôle de la persistance de l’innovation sur la persistance des performances en terme de croissance
The three essays focus on the process of firm growth, its persistence, and on the role of innovation in affecting firm performance. In the first essay we concentrate on persistence of high-growth and investigate whether this peculiar growth pattern is associated with better operating capabilities. The second essay aims to explore the relationship between growth and innovation, taking into accountthe multidimensional nature of the innovation process. We provide a broad picture of the relationship between growth and innovation, by looking at a wide set of innovation variables that capture the different sources, modes and types of innovative activity undertaken within firms. In the third essay we examine the role of persistence of innovation on persistence of growth performance, assessing whether a systematic, rather than sporadic, engagement in innovation activities induces more structure in the process of firm growth

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Horstkotte, Julian [Verfasser], Thomas [Akademischer Betreuer] Hutzschenreuter, and Martin [Akademischer Betreuer] Högl. "Firm growth, top management team characteristics, and firm performance / Julian Horstkotte. Betreuer: Thomas Hutzschenreuter ; Martin Högl." Vallendar : WHU - Otto Beisheim School of Management, 2013. http://d-nb.info/1043849424/34.

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Bequeath, Kristen M. "Family-Firm Leadership| A Case Study of an Organizational Family-Firm Leadership According to Bowen's Family Systems Theory and Lewin's Systems Theory." Thesis, Franklin Pierce University, 2014. http://pqdtopen.proquest.com/#viewpdf?dispub=3640146.

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Family firms contribute to both the national and global economies. Over the last few decades, the family-business field has continued to develop, as have its counterpart disciplines of business, economics, psychology, and social sciences. The study of leadership theory has also advanced over the years; however, not much research has applied this theory to family firms.

This dissertation contains the oral histories of a family-owned manufacturing business that is still operating after 60 years. The purpose of this exploratory case study was to examine the leadership dynamics of a family operation. To provide a theoretical leadership model to understand the oral histories presented in this dissertation, four major themes were discussed: family systems theory, organizational psychology, leadership studies, and the manufacturing industry.

The shifts in scholars' understanding of organizational dynamics were presented using Bowen's family systems theory and Lewin's systems theory is detailed in the narrative portion. This study used two mechanisms to study the family firm: oral histories (captured through open-ended interviews) and written documents and memoirs. Excerpts of written narratives also ground the interviews within the firm's historical and geographical setting.

This study documents the significance in understanding organizational culture to the development of a leadership model for family firms. This case study provides the opportunity to identify key attributes within a successful family firm. This firm has remained successful through multiple leaders over several decades within a challenging industry.

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Schimke, Antje [Verfasser], and Thomas [Akademischer Betreuer] Brenner. "Innovation-economic and spatial aspects of firm growth - The contribution of firm-internal and firm-external factors / Antje Schimke. Betreuer: Thomas Brenner." Marburg : Philipps-Universität Marburg, 2013. http://d-nb.info/1032313927/34.

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Dissertations / Theses on the topic 'Theory of the growth of the firm'

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