City Research Online

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.

Publication Type:	Book Section
Publisher 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
Departments:	Bayes Business School > Management

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