Determinants of firm’s growth: empirical study of Polish listed companies

Patrycja Grinberger and Natalia Nehrebecka ()

Ekonomia journal, 2015, vol. 43

Abstract: The article concerns the issue of Polish listed companies growth in 1998−2012. The first part discusses the theories of enterprises growth and a review of current empirical research. In the research part we presented an analysis of the factors affecting growth of Polish listed companies using the Generalized Method of Moments system estimator. Moreover, dynamic probit model was used to assess the impact of each variable on the chances of becoming a fast growth firm in Poland. Results revealed the key role of innovation in ensuring rapid growth of Polish firms. In addition, the decomposition of firmsʼ growth variance was done, including both macroeconomic, structural and financial variables.

Keywords: firm growth; system GMM; dynamic probit model; variance decomposition (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eko:ekoeko:43_41

DOI: 10.17451/eko/43/2015/110

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