New Venture Growth: Current Findings and Future Challenges

Župič, I. & Giudici, A. (2017). New Venture Growth: Current Findings and Future Challenges. In: R Blackburn, D De Clercq & Z Wang (Eds.), The SAGE Handbook of Small Business and Entrepreneurship. . Sage Publications Limited. ISBN 9781473925236

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Abstract

New venture growth is one of the foundational topics in entrepreneurship research. We review the current research and divide it into three research streams: (1) high-growth firms, (2) antecedents of growth and (3) growth process. High-growth firms contribute disproportionally to new job creation, are mostly young, and are not necessarily high-tech. Most firms cannot sustain high growth for extended periods. The research on antecedents of growth examines how various factors (e.g., human capital, networks, financial capital, strategy, external environment, etc.) influence the rate of growth while most of the growth process research is conducted within the stages-of-growth paradigm. We also discuss how to measure growth, which is an important question in itself as it influences research results. We conclude with future research directions.

Item Type: Book Section
Uncontrolled Keywords: new venture growth, high-growth firms, growth process
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
Divisions: Cass Business School > Faculty of Management
URI: http://openaccess.city.ac.uk/id/eprint/16524

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