The Role of Innovation Efforts in Raising the Growth Performance of Technology and Knowledge-Based Small and Medium-Sized Firms. Evidence from the Italian Context

D'Orazio, Benigno

doi:10.30845/ijbss.v11n9p3

Cited by 1 publication

(1 citation statement)

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“…This indicator has also been widely employed by the literature on the USOs' growth (Cantner & Goethner, 2011; Colombo & Piva, 2005; Criaco et al, 2014; Ortín & Vendrell, 2014; Wennberg et al, 2011; Zhang, 2009). Nevertheless, it also presents limitations such as the that employment growth may simply be due to the funding provided by some stakeholders to keep the company running (Ferguson & Olofsson, 2004), or vice versa, a firm could grow without hiring new personnel due to changes in workforce productivity resulting from technological advances (D'Orazio, 2020; Rodríguez‐Gulías, Rodeiro‐Pazos, & Fernández‐López, 2017a).…”

Section: Methodsmentioning

confidence: 99%

Sustainable university entrepreneurship: Revisiting firm growth patterns

et al. 2021

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Previous research on the firm growth of the university spin‐offs (USOs) and its drivers yields inconclusive results. Recently, the literature on the high‐growth firms (HGFs) has relied on regression quantile methods to study how the effects of growth determinants may differ along the firm growth distribution. This study builds a bridge between the two strands of literature by exploring how firm‐specific characteristics may shape sales and employment growth patterns of USOs. To this end, it applies panel data quantile regression models in a sample of 531 Spanish USOs over the period of 2001–2013. The results show that the growth drivers not only differ between employment growth and sales growth but also along the growth distributions.

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