Firm Growth: A review of the empirical literature

Rolando Vaz

Revista Galega de Economía, 2021, vol. 30, issue 2, 1-20

Abstract: The objective of this research is to review and unify the empirical literature that identifies the determining factors for firm growth. A list of 165 articles forms the backbone of the present review of the empirical literature on firm growth. Based on this review, we provide a synthesis of numerous determinant factors associated with firm growth. Specifically, we enumerate and detail the determining factors in three blocks: entrepreneur’s idiosyncratic features, firm’s internal factors, and factors external to the firm. The work provides a better understanding of the complex process of growth, shows the shortcomings in empirical research on the growth of the firm and presents directions for future research.

Keywords: Firm growth; External factors; Internal factors; Firm size. (search for similar items in EconPapers)
JEL-codes: D21 D23 D91 L21 L25 L26 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sdo:regaec:v:30:y:2021:i:2_5

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