Policy Instruments for High-Growth Enterprises

Alex Coad*, Péter Harasztosi, Rozália Pál, Mercedes Teruel

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

High-Growth Enterprises (HGEs) have received growing interest from entrepreneurship scholars, the business press, and of course policymakers. HGEs can potentially make large contributions to economic growth, which has led to various policy initiatives. This chapter discusses the main topics surrounding policy interventions for HGEs, including a discussion of the various rationales for policy interventions. We next discuss the many areas that relate to possible HGE policy instruments. We then evaluate some previous HGE policy instruments, discuss some that have been successful, and possible areas for improvement. Our main policy suggestions are critical listening to stakeholders by policymakers, identifying the decision points (e.g., growth trigger points) to leverage the impact of growth stimuli, designing incentives in the spirit of up or out dynamics, and enhancing the coordination of HGE policies.

Original languageEnglish
Title of host publicationInternational Studies in Entrepreneurship
PublisherSpringer
Pages273-298
Number of pages26
DOIs
Publication statusPublished - 2022

Publication series

NameInternational Studies in Entrepreneurship
Volume53
ISSN (Print)1572-1922
ISSN (Electronic)2197-5884

Keywords

  • Entrepreneurship policy
  • Firm growth
  • High-growth enterprises
  • High-growth firms
  • SME policy

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Tourism, Leisure and Hospitality Management
  • Economics, Econometrics and Finance (miscellaneous)

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