@article{9e99b65de0354d75b3b63fe54d1193de,
title = "Too fast to live? Effects of growth on survival across the growth distribution",
abstract = "Do moderate-growth new firms have higher survival rates than fast-growing new firms? To address this question the customer bank records of 6578 new ventures are tracked over their first 10 years, and survival is measured either in terms of continued use of the bank account, or by entry into financial default. Simple bar charts show that it is the 7th or 8th decile of the growth distribution that has the highest survival chances. Although growth enhances survival on average, nevertheless the highest decile of the growth distribution never has the highest survival rates.",
keywords = "Firm growth, Penrose effects, failure, high-growth firms, post-entry growth, scale-up, survival",
author = "Alex Coad and Frankish, {Julian S.} and Storey, {David J.}",
note = "Funding Information: This work was supported by the National Research Foundation of Korea Grant funded by the Korean Government (NRF-2018S1A3A2075175). We are grateful for many helpful comments from Carl-Magnus Bjuggren, Ross Brown, Roberto Camerani, Sven-Olov Daunfeldt, Frederic Delmar, Matthias Deschryvere, Niklas Elert, Ken Guy, Magnus Henrekson, Jolanda Hessels, Werner Holzl, Yuji Honjo, Barbara Larraneta, Per Larsson, Jonathan Levie, Assar Lindbeck, Andy Lockett, Mariana Mazzucato, Kevin Mole, Nicos Nicolaou, Gabriele Pellegrino, Niklas Rudholm, Josh Siepel, Erik Stam, Noni Symeonidou, Karl Wennberg, Haibo Zhou, and seminar participants at the European Commission?s 6th IRIMA workshop (Brussels), Universidad Pablo de Olavide (Seville), IFN Stockholm (Sweden), JRC-IPTS (Seville), Universit? de Caen, Henley Business School (Reading), HUI?s Malargarden workshop (Sweden), SPRU (University of Sussex), Tokyo Workshop on Entrepreneurship and Innovation (March 2017) and Warwick Business School. Furthermore, many helpful comments and suggestions from the Editor and three anonymous reviewers are gratefully acknowledged. The usual caveat applies. Publisher Copyright: {\textcopyright} 2019, {\textcopyright} 2019 International Council for Small Business.",
year = "2020",
month = may,
day = "3",
doi = "10.1080/00472778.2019.1662265",
language = "English",
volume = "58",
pages = "544--571",
journal = "Journal of Small Business Management",
issn = "0047-2778",
publisher = "Wiley-Blackwell",
number = "3",
}