Wachstumsdeterminanten junger innovativer Unternehmen: Empirische Ergebnisse für West-Deutschland / Growth Determinants of Young Innovative Firms: Empirical Results for West-Germany

Almus Matthias and Nerlinger Eric
Additional contact information
Almus Matthias: Zentrum für Europäische Wirtschaftsforschung (ZEW), L7,l, D-68161 Mannheim
Nerlinger Eric: Zentrum für Europäische Wirtschaftsforschung (ZEW), L7,l, D-68161 Mannheim

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 1999, vol. 218, issue 3-4, 257-275

Abstract: The contribution of New Technology-Based Firms (NTBFs) to long term economic development is at the centre of a controversial debate. The paper deals with the growth determinants of NTBFs and the question whether NTBFs grow faster than non-innovative young firms or not. Based on theoretical models explaining the growth of firms, hypotheses on potential growth factors are derived. The regression results indicate strong correlations between the growth rate on the one side and firm-specific, founder-specific as well as county-specific factors on the other side. It becomes obvious, that large and mature firms have c.p. smaller growth rates than small and young firms. Hereby, statistical tests lead to a rejection of Gibrat’s law, indicating a significant correlation between size and growth. Other firm-specific characteristics like legal form and formal links to other firms have an impact on the development of NTBFs as well. With respect to founder-specific characteristics, positive effects can be derived from the human capital of the founder(s). This holds especially for technological disciplines whereas business knowledge plays a minor role. In addition to firm and founder characteristics, location-specific factors controlling for agglomeration effects and the industry structure in the West-German counties have an impact on the growth of NTBFs.

Keywords: New technology-based firms; employment growth; determinants of growth; Junge innovative Unternehmen; Beschäftigungswachstum; Wachstumsdeterminanten (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jbnst-1999-3-402 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:218:y:1999:i:3-4:p:257-275

DOI: 10.1515/jbnst-1999-3-402

Access Statistics for this article

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) is currently edited by Peter Winker

More articles in Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) from De Gruyter
Bibliographic data for series maintained by Peter Golla ().