TOWARDS AN EVOLUTIONARY THEORY OF SMALL FIRM GROWTH

Mark Freel

Journal of Enterprising Culture (JEC), 2000, vol. 08, issue 04, 321-342

Abstract: The ultimately unsuccessful predictive modelling literature has advanced our understanding of small firm growth processes no further than the descriptive and inflexible stage models approach achieved during the 1970s and 1980s. Consequently, this paper suggests an alternative theoretical starting point. Drawing upon the, predominantly aggregate level, contributions of evolutionary and institutional economists it is the intention of this paper to suggest more appropriate foundations for future firm level empirical analyses. With reference to four detailed case studies a preliminary model of small firm growth is posited and potential areas for future ethnographic and survey based research are signalled.

Date: 2000
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DOI: 10.1142/S0218495800000176

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