Firm growth in the Swedish retail and wholesale industries

Sven-Olov Daunfeldt, Åsa Lang, Zuzana Macuchova and Niklas Rudholm

The Service Industries Journal, 2013, vol. 33, issue 12, 1193-1205

Abstract: To identify the determinants of firm growth in the Swedish retail and wholesale industries during 2000-2004, we analyse a sample of 400 limited liability companies using quantile regression techniques. Firm growth was mainly found to depend upon time-invariant firm-specific effects, supporting Penrose's [1959. The theory of the growth of the firm (4th ed.). New York: Oxford University Press] suggestion that internal resources such as firm culture, brand loyalty, entrepreneurial skills, and so on are important determinants of firm growth.

Date: 2013
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DOI: 10.1080/02642069.2013.719883

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