High-growth firms
Alex Coad (alex.coad@gmail.com)
Chapter 21 in Elgar Encyclopedia on the Economics of Knowledge and Innovation, 2022, pp 172-176 from Edward Elgar Publishing
Abstract:
High-Growth Firms (HGFs) have received increasing attention from scholars, practitioners, and policy-makers in recent years. HGFs make a disproportionately large contribution to economic dynamism and growth. HGFs may play a valuable role in innovation systems, as conduits for the diffusion of technological innovations. While R&D is considered to be an innovation input, for example, HGFs can arguably be considered to be indicators of innovation output. We begin by considering some stylized facts of HGFs, such as the impressive role of outliers, the lack of persistence in high-growth events, findings that HGFs tend to be young, and the difficulties surrounding the prediction of which firms will become HGFs. With regards to innovation, Schumpeterian intuitions suggest that HGFs are highly innovative, although the available empirical evidence suggests that HGFs are not more common in high-tech sectors. Nevertheless, HGFs may be relatively innovative within their sectors, for example if they operate in low-tech sectors using sophisticated routines and procedures.
Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781839106996/9781839106996.00026.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable
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:elg:eechap:19760_21
Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk
Access Statistics for this chapter
More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).