Age and firm growth: evidence from three European countries

Navaretti, Giorgio Barba; Castellani, Davide; Pieri, Fabio

doi:10.1007/s11187-014-9564-6

Cited by 124 publications

(116 citation statements)

References 44 publications

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“…As far as firm characteristics are concerned, age and size are found to be important determinants of a firm's growth, with a large body of evidence showing that younger and smaller firms are more dynamic and thus more effective in spurring growth [37,48]. Regarding age, our results are in line with the previous literature, with young firms seeming to perform better.…”

Section: (I) (Ii) (Iii) (Iv) (V)supporting

confidence: 90%

Eco-Efficiency Actions and Firm Growth in European SMEs

Jové‐Llopis¹,

Segarra‐Blasco²

2018

Sustainability

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This study investigates the effects of eco-efficiency actions on firm performance in terms of sales growth in an extensive sample of 11,336 small-and medium-sized enterprises (SMEs) located in 28 European countries. Our empirical results suggest that not all eco-strategies are positively related to better performance, at least not in the short term. We found that European companies using renewable energies, and recycling or designing products that are easier to maintain, repair, or reuse, perform better. Those that aim to reduce water or energy pollution, however, seemed to show a negative correlation to firm growth. Our results also indicate that high investment in eco-strategies improves firm growth, particularly in new members that joined the EU from 2004 onwards. Finally, we observed a U-shaped relationship between eco-strategies and firm growth, which indicates that a greater breadth of eco-strategies is associated with better firm performance. However, few European SMEs are able to either invest heavily or undertake multiple eco-strategies, thus leaving room for policy interventions.

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Section: (I) (Ii) (Iii) (Iv) (V)supporting

confidence: 90%

Eco-Efficiency Actions and Firm Growth in European SMEs

Jové‐Llopis¹,

Segarra‐Blasco²

2018

Sustainability

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“…This topic is relevant because knowledge about the shape of the firm size distribution can provide researchers and policymakers with information about the levels of industrial concentration and economic cycles that is useful in implementing competition policies [5] [6] [7].…”

Section: Introductionmentioning

confidence: 99%

Measuring Firm Size Distribution with Semi-Nonparametric Densities

2017

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In this article, we propose a new methodology based on a (log) semi-nonparametric (log-SNP) distribution that nests the lognormal and enables better fits in the upper tail of the distribution through the introduction of new parameters. We test the performance of the lognormal and log-SNP distributions capturing firm size, measured through a sample of US firms in [2004][2005][2006][2007][2008][2009][2010][2011][2012][2013][2014][2015]. Taking different levels of aggregation by type of economic activity, our study shows that the log-SNP provides a better fit of the firm size distribution. We also formally introduce the multivariate log-SNP distribution, which encompasses the multivariate lognormal, to analyze the estimation of the joint distribution of the value of the firm's assets and sales. The results suggest that sales are a better firm size measure, as indicated by other studies in the literature.

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“…This is the main motivation for growth among the entrants. Empirical evidence from developed countries suggest that firms follow an "up-or-out" dynamic where small firms are more likely to go bankrupt than larger firms, but in the case of success, the chances for growth rise [Bartelsman et al, 2013;Navaretti et al, 2014;Geurts, van Biesebroeck, 2016, etc.]. In general, the average size of a firm will double after 5-10 years on the market, but only fifty percent of entrants will survive [Geurts, van Biesebroeck, 2016].…”

Section: Determinants and Patterns Of Sme Growth: The Russian Contextmentioning

confidence: 99%

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2017

Foresight and STI

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Age and firm growth: evidence from three European countries

Abstract: Citations to and quotations from this work should reference that publication. If you use this work, please check that the published form contains precisely the material to which you intend to refer.

Cited by 124 publications

References 44 publications

Eco-Efficiency Actions and Firm Growth in European SMEs

Eco-Efficiency Actions and Firm Growth in European SMEs

Measuring Firm Size Distribution with Semi-Nonparametric Densities

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