The central role of organizational factors in NTBFs growth

Caroline Tarillon ()
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Caroline Tarillon: UGA - Université Grenoble Alpes

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Abstract: Purpose. New technology-based firms (NTBFs) are a great potential source of job creation and economic growth. In France, strong heterogeneity of their growth trajectories is observed yet many of them remain small. A better understanding of these trajectories is thus necessary. The purpose of this paper is to explore the influence of individual and organisational factors on 253 growth trajectories of NTBFs. Design/methodology/approach. The authors use a Heckman ordered probit model to study explanatory factors of growth trajectories in NTBFs created between 1999 and 2012. This method allows them to study the determinants of the presence of a growth dynamic at the same time as the determinants of growth intensity. Findings. The model shows that entrepreneurs play a weak role in understanding the growth trajectories of their company. Rather, it is organisational factors – such as the level of innovation and the governance structure – that explain initiation of a growth trajectory and the intensity of the growth. Originality/value. By using an original methodology, the authors highlight the importance of organisational factors and encourage entrepreneurs to develop a governance structure focused on internal stakeholders to support growth.

Keywords: New technology-based firms; Growth; Corporate governance (search for similar items in EconPapers)
Date: 2022
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Published in Journal of Small Business and Enterprise Development, 2022, 29 (5)

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04689861

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