Abstract. This paper investigates the impact of fi rms' growth rate on various fi nancial and non-fi nancial performance ratios. The study tests the hypothesis that variations in growth rates across fi rms relate to differences in the values of ratios of profi tability, liquidity, current assets, and solvency, as well as the break-even point, revenue per employee, average costs, labour costs, capital costs, capacity utilization, productivity and effi ciency. In order to estimate the impact of growth on fi nancial and non-fi nancial indicators while also accounting for unobservable individual effects of each fi rm, the study assesses several two-way fi xed effect panel models with regression analysis. Authors show that knowing the impact of growth rates on fi nancial and non-fi nancial ratios gives managers of growing fi rms additional relevant information for making business decisions.
The cornerstone of this research is the development of a model which investigates the origins of economic inequality as a derivative of labour force exploitation. The starting point of this inquiry is the theory of unequal labour exchange. The concept being empirically analysed is that the phenomenon of unequal labour exchange between Eurozone countries, arising from exploitation on a national level, plays a key role in creating inequality. The findings indicate that the differences between the capital-labour force ratio and disequilibrium prices enhanced by various levels of economic efficiencies, explain the differences in exploitation rates and arising crosscountry inequality.
The authors of this paper develop a new typology of growing and fast-growing firms, based on consistent application of the microeconomic theory of the firm, and thereby addressing some limitations of existing studies that investigate growing and fast-growing firms. A rich database available for the entire population of business entities in Slovenia enables the authors to use the proposed typology and investigate key demographic and other characteristics of firms with different types of growth in the 2007-12 period. The authors conclude that the case of Slovenia and the analysis of firm characteristics confirm the adequacy of the proposed typology.
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