Bursting into life: firm growth and growth persistence by age

Alex Coad*, Sven Olov Daunfeldt, Daniel Halvarsson

*この研究の対応する著者

研究成果査読

29 被引用数 (Scopus)

抄録

Is firm growth more persistent for young or old firms? Theory gives us no clear guidance, and previous empirical investigations have been hampered by a lack of detailed data on firm age, as well as a non-representative coverage of young firms. We overcome these shortcomings using a rich dataset on all limited liability firms in Sweden during 1998–2008, covering firms of all ages and information on registered start year. Sales growth for new ventures is characterized by positive persistence, which quickly turns negative as firms get older. Young firms are more likely to have two consecutive periods of positive growth. While new firms experience an early burst of sustained growth, older firms have more erratic growth paths.

本文言語English
ページ(範囲)55-75
ページ数21
ジャーナルSmall Business Economics
50
1
DOI
出版ステータスPublished - 2018 1 1
外部発表はい

ASJC Scopus subject areas

  • ビジネス、管理および会計(全般)
  • 経済学、計量経済学

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