Firm Growth in the Retail and Wholesale Trade Sectors – Evidence from Sweden

Sven-Olov Daunfeldt, Åsa Lang, Zuzana Macuchova and Niklas Rudholm ()
Additional contact information
Åsa Lang: Dalarna University, Postal: Department of Business Administration, School of Technology and Business Studies, SE-791 88 Borlänge, Sweden. and Mid Sweden University, Department of Social Sciences, SE-831 25 Östersund, Sweden.
Zuzana Macuchova: Dalarna University, Postal: SE- 791 88 Falun, Sweden
Niklas Rudholm: The Swedish Retail Institute (HUI), Postal: Regeringsgatan 60, 103 29 Stockholm, Sweden, and Dalarna University, SE- 791 88 Falun, Sweden,

No 50, HUI Working Papers from HUI Research

Abstract: To identify the determinants of firm growth within the Swedish retail – and wholesale trade industries during the period 1998- 2004, we analyze a sample of 400 limited companies using quantile regression techniques. Our results indicate that firm growth mainly can be explained by time-invariant firm-specific effects, supporting Penrose’s (1959) suggestion that internal resources such as firm culture, brand loyalty, entrepreneurial skills, and so on, are important determinants of firm growth rates.

Keywords: firm dynamics; firm level heterogeneity; high-growth firms; resource-based view; quantile regression (search for similar items in EconPapers)
JEL-codes: L11 L25 L26 L81 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2011-06-01
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published as Daunfeldt, Sven-Olov, Åsa Lang, Zuzana Macuchova and Niklas Rudholm, 'Firm growth in the Swedish retail and wholesale industries' in The Service Industries Journal, 2013, pages 1193-1205.

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:huiwps:0050

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