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Firm-growth and Functional Strategic Domains: Exploratory evidence for differences between frontier and catching-up economies

Klaus Friesenbichler and Werner Hoelzl
Authors registered in the RePEc Author Service: Werner Hölzl

Journal of Economics and Business, 2022, vol. 119, issue C, No S0148619521000515

Abstract: This paper explores the relationship between strategic functional domains and firm growth using the European Community Innovation Survey 2012. We provide a mapping of the joint effect of strategies on firm growth in frontier and catching-up economies. Methodologically, we explain employment growth in quantile regressions by estimating conditional coefficients across the distribution of firm-growth intensities. Firm growth in catching-up economies is to a lesser extent innovation-driven and focuses on diversifying geographically and establishing alliances. Firm growth in frontier economies is innovation-driven and tends to occur in existing markets. We thereby map the context-dependent role of strategies for firm growth and introduce yet unexplored topics like cost efficiency and organizational flexibility to the firm growth literature.

Keywords: Firm growth; Dynamic capabilities; Strategy; Functions; Community Innovation Survey; Europe (search for similar items in EconPapers)
JEL-codes: D22 L21 L25 L26 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1016/j.jeconbus.2021.106033

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