Growth processes of high-growth firms as a four-dimensional chicken and egg

Alex Coad*, Marc Cowling, Josh Siepel

*この研究の対応する著者

研究成果: Article査読

20 被引用数 (Scopus)

抄録

This article investigates whether high-growth firms grow in different ways from other firms. Specifically, we analyze how firms grow along several dimensions (growth of sales, employment, assets, and operating profits) using Structural Vector Autoregressions. Causal relations are identified by using information contained in the (non-Gaussian) growth rate distributions. For most firms, the growth process starts with employment growth, which is then followed by sales growth, then growth of operating profits, and finally growth of assets. In contrast, high growth firms put more emphasis on growth of operating profits driving other dimensions of growth, with employment growth occurring at the end.

本文言語English
論文番号dtw040
ページ(範囲)537-554
ページ数18
ジャーナルIndustrial and Corporate Change
26
4
DOI
出版ステータスPublished - 2017 8 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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