Firm growth patterns: Examining the associations with firm size and internationalization

Park, Kwangmin; Jang, SooCheong

doi:10.1016/j.ijhm.2009.10.026

Cited by 40 publications

(22 citation statements)

References 74 publications

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“…Empirical findings support the role of profit and financial constraints in firm growth (e.g. Becchetti & Trovato, 2002;Colley & Quadrini, 2001;Donati, 2016;Oliveira & Fortunato, 2006b). Using data from Italian firms, Becchetti and Trovato (2002) found that the availability of external financing (subsidy, leverage and financial constraints) significantly affected firm growth.…”

Section: Literature Reviewmentioning

confidence: 66%

“…Hardwick and Adams (2002) showed that business cycles could play a role and this model makes it possible to consider this. A disadvantage is that it does not address the potential non-linearity of the relationship (for example, see Park & Jang, 2010). However, this model is frequently used in empirical studies and it allows comparability of results (e.g., Daunfeldt & Elert, 2013;Peric & Vitezic, 2016;Tang, 2015).…”

Section: Methodsmentioning

confidence: 99%

“…Donati (2016) showed that liquidity constraints hindered the growth of small Italian firms in manufacturing. Oliveira and Fortunato (2006b) used cash flow as a proxy for financial constraints and revealed a higher sensitivity of cash flow on growth for small and younger firms, and that financial constraints hence have a higher impact on the growth of small and young firms. Colley and Quadrini (2001) supported this conclusion, confirming that the investment of small firms was more sensitive to cash flow.…”

Section: Literature Reviewmentioning

confidence: 99%

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Testing the validity of Gibrat’s law in the context of profitability performance

Fiala

Hedija

2019

Economic Research-Ekonomska Istraživanja

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The purpose of the article is to investigate whether the profitability of firms affects the validity of Gibrat's law. We begin with the thesis that small firms have less access to outside financial sources (especially bank loans) than large companies, so the role of profit in generating growth varies depending on firm size and is probably more important for smaller companies. We divided a large sample of companies (about 30,000 firms) into three profitability groups (lower 25%, middle 50%, and upper 25% of firms) to examine whether the size-growth relationship is influenced by profitability. Gibrat's law was verified both at the aggregate level and at the industry level (using one-digit NACE classification). The results show that the validity of Gibrat's law is not significantly influenced by the amount of firm profit at the aggregate level or at the industry level. In most sectors and profitability groups, smaller firms grow faster than their larger counterparts do.

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Section: Literature Reviewmentioning

confidence: 66%

Section: Methodsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Testing the validity of Gibrat’s law in the context of profitability performance

Fiala

Hedija

2019

Economic Research-Ekonomska Istraživanja

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“…We measure previous growth by the natural logarithm of sales/labor productivity, delayed by one period (L1.LNVT / L1.LNPRODCT). This also includes the variable employment growth (G_EM), measured as the natural logarithm of the annual growth rate of the number of employees (Coad et al, 2016;Aissa and Goaied, 2016;Park &Jang, 2010). We also use the natural logarithm of the age of the company (LNEDAD) (Jovanovic, 1982;Fariñas & Moreno, 1997;Oliveira and Fortunato, 2006;Bigsten & Gebreeyesus, 2007;Loi and Khan, 2012).…”

Section: Definition and Measurement Of The Variablesmentioning

confidence: 99%

Effects of innovation on the growth of ecuadorian firms: a quantile analysis

Pazos¹,

Simbaña-Taipe²,

Rodríguez-Gulías³

et al. 2018

JOB

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This paper analyzes the relationship between firms' innovation and growth measured by sales and labor productivity in Ecuador. The literature on this topic has focused mainly on developed countries. We apply panel data quantile regressions to analyze a sample of 99,872 private limited company and public limited company for the period 2000-2013. Quantile regression allows us to avoid conventional analysis through the study of the average impact for the average company, which can lead to the discovery of phenomena underlying relationships. The results show that firm innovation has a negative on productivity growth. In contrast, there is a positive relationship between innovation and sales growth for firms in some quantiles. These results lead us to establish a series of recommendations aimed at public policy decision-makers. In particular, the support of government entities is important for a company's R&D activities, which contribute to generating profitable intangible assets. This support can be through advice, subsidies, or tax benefits, among others. At the country level, government effort to protect intangible assets is also important, promoting competitive advantages for those companies that actually invest or buy such assets.

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“…The literature on corporate growth is substantial (Reinhardt 2000, Dyllick and Hockerts 2002, Park and Jang 2010. Studies have an overall business perspective and typically do not address functional issues (marketing, production, purchasing).…”

Section: Corporate Growth and Competitivenessmentioning

confidence: 99%

Motivations Behind Sustainable Purchasing

Vörösmarty

Dobos

Tátrai

2011

Environmental Management Accounting and Supply Chain Management

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Sustainability issues in purchasing are receiving greater attention. Literature is rapidly growing, with several research programs being initiated to investigate the topic. This study presents the results of a research project which aims to reveal and structure the motivating forces leading companies to make efforts in sustainability purchasing and the means used to attain achievements in some fields of sustainability. Results presented in the literature are scattered in terms of the fields of sustainability: most of the studies focus only on green or corporate social responsibility issues and there is a lack of exploratory models. Sustainability in purchasing is addressed in a comprehensive way including green, social responsibility and corporate growth issues. After presenting the results of a literature review, theoretical development was undertaken to create a framework in which it is possible to describe the means of sustainability applied and the motivating forces behind them. This framework serves as the basis for an empirical investigation among Hungarian companies. Empirical results confirm the usefulness of the theoretical framework: the number and the characteristics of sustainability activities were determined by the particular types of motivation -to avoid negative effects, to achieve compliance with expectations and to attain positive effects.

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Firm growth patterns: Examining the associations with firm size and internationalization

Cited by 40 publications

References 74 publications

Testing the validity of Gibrat’s law in the context of profitability performance

Testing the validity of Gibrat’s law in the context of profitability performance

Effects of innovation on the growth of ecuadorian firms: a quantile analysis

Motivations Behind Sustainable Purchasing

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