Data-driven definitions of gazelle companies that rule out chance: application for Russia and Spain

Savin, Ivan; Novitskaya, Maria

doi:10.1007/s40821-023-00239-2

Cited by 5 publications

(2 citation statements)

References 59 publications

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“…Consequently, talented employees can be attracted to high-growth firms (Savin and Novitskaya, 2023). This indicates that firms need creativity to adapt to the dynamic business environment (Nanda and Singh, 2009), which is essential to foster growth.…”

Section: Literature Overview and Hypothesesmentioning

confidence: 99%

Creativity, innovation and employment growth in sub-Saharan Africa

Medase

Savin

2023

AJEMS

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PurposeAlthough employees' creativity is vital for firm innovation and overall performance, little is done to examine the potential association between creativity and employment. This paper investigates the contribution of employees' creativity, process and product innovations to firm-level employment growth.Design/methodology/approachThe authors use data from World Bank Enterprise Survey and Innovation Follow-up Survey on 9503 firms covering the period 2012–2015 in 11 countries from sub-Saharan Africa and Heckman's two-stage estimation model.FindingsThis study's results indicate a positive role of creativity on firm-level employment growth. In addition, the authors find evidence for a complementary effect arising from the combination of creativity with managerial experience, staff level of education and their associated skills, in contrast, combining creativity with internal or external R&D results in a substitution effect. Interestingly, these synergy effects are pronounced for SMEs but absent for large firms.Practical implicationsPolicy makers in developing economies of sub-Saharan Africa should stimulate company management to use free time offered to employees to be creative in the workplace as one of their key strategies to stimulate employment growth. This strategy is expected to be particularly fruitful among SMEs having some managerial experience and skilled stuff.Originality/valueIn contribution to innovative work practices and workforce creativity, the authors demonstrate that providing employees with free time could be an alternative way to enhance the focal firms' performance.

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Section: Literature Overview and Hypothesesmentioning

confidence: 99%

Creativity, innovation and employment growth in sub-Saharan Africa

Medase

Savin

2023

AJEMS

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“…While both extremes present scientific interest, the future trajectory of an industry arguably depends more on those entities that achieve abnormally high growth rates through qualitative leaps. These entities are identified as 'growth companies', 'gazelles', and 'scale-ups' (Savin and Novitskaya 2023;Spitsin et al 2023b;Tomenendal et al 2022). High growth in indicators over a specific period may be attributed to external circumstances; however, consistent high growth across multiple periods, particularly post the low base effect, warrants focused investigation.…”

Section: Introductionmentioning

confidence: 99%

Pathways to Prosperity: Navigating Post-Stagnation Growth and Revitalizing Business

Spitsin,

Vuković,

Ryzhkova

et al. 2024

Economies

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This study examines the ways in which firms recover from stagnation or sales decline, with a focus on two key aspects: traditional high-growth companies and growth restarts within the framework of organizational life cycle theory. Analyzing a dataset of 1883 Russian firms from 2013 to 2021, this research employs logistic regression to identify factors that promote growth. These factors include the youth of the firm, investment intensity, and significant sales drops during periods of stagnation. The study introduces a new economic category, termed ‘restarting growth’, which signifies a firm’s sustained expansion following an extended period of stagnation. This category is crucial for identifying factors that increase the likelihood of a company transitioning to growth after prolonged stagnation or production downturn. The findings of this study reveal that firms that are younger, invest more intensively in fixed capital, and have experienced a larger sales drop during a period of stagnation are more likely to transition to growth. These results are juxtaposed with the growth factors characteristic of traditional high-growth companies, as well as with the theoretical approaches explaining growth restarts within the framework of organizational life cycle theory. Such distinctions are pivotal both for academic understanding and practical applications in discerning how companies rebound from crises. Moreover, the research identifies several highly significant factors—indicators that can assist investors in selecting promising firms for financing.

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Running up that hill: a literature review and research agenda proposal on “gazelles” firms

Fulco,

Loia,

Aquilani

et al. 2024

Rev Manag Sci

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In recent years, “gazelles”—a small set of high-growth firms—have attracted considerable interest from researchers for their capacity to contribute significantly to the competitiveness of nations. However, in management literature, the research on this topic is still incomplete, and a broad but focused review is needed to understand the phenomenon fully. Therefore, the paper aims to analyse in depth the literature on “gazelles” published in the Business, Management, and Accounting and Decision Sciences fields, shedding light on opportunities arising from emerging research topics related to the phenomenon. In meeting this aim, the work is built on a systematic literature review, and Elsevier’s Scopus database was selected and scanned to access publications. The analysis identifies in the sample under investigation the quantitative characteristics (temporal distribution of publications, journals included in the sample, and methodological approach adopted by authors), as well as seven main topics resulting from the qualitative coding process (performance, policy and employment, innovation, entrepreneurship, corporate governance and decision-making, human resources, and strategy). Finally, a comprehensive outlook and a critical analysis of the state-of-the-art research on these specific high-growth firms have been provided through the proposal of a conceptual framework. This study also proposes a research agenda for scholars while providing insightful suggestions from a practical point of view.

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Data-driven definitions of gazelle companies that rule out chance: application for Russia and Spain

Cited by 5 publications

References 59 publications

Creativity, innovation and employment growth in sub-Saharan Africa

Creativity, innovation and employment growth in sub-Saharan Africa

Pathways to Prosperity: Navigating Post-Stagnation Growth and Revitalizing Business

Running up that hill: a literature review and research agenda proposal on “gazelles” firms

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