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Firm-growth and Functional Strategic Domains: Exploratory evidence for differences between frontier and catching-up economies

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  • Friesenbichler, Klaus S.
  • Hoelzl, Werner

Abstract

This paper explores the relationship between strategic functional domains and firm growth using the European Community Innovation Survey 2012. We provide a mapping of the joint effect of strategies on firm growth in frontier and catching-up economies. Methodologically, we explain employment growth in quantile regressions by estimating conditional coefficients across the distribution of firm-growth intensities. Firm growth in catching-up economies is to a lesser extent innovation-driven and focuses on diversifying geographically and establishing alliances. Firm growth in frontier economies is innovation-driven and tends to occur in existing markets. We thereby map the context-dependent role of strategies for firm growth and introduce yet unexplored topics like cost efficiency and organizational flexibility to the firm growth literature.

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  • Friesenbichler, Klaus S. & Hoelzl, Werner, 2022. "Firm-growth and Functional Strategic Domains: Exploratory evidence for differences between frontier and catching-up economies," Journal of Economics and Business, Elsevier, vol. 119(C).
    • Handle: RePEc:eee:jebusi:v:119:y:2022:i:c:s0148619521000515
    DOI: 10.1016/j.jeconbus.2021.106033
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    More about this item

    Keywords

    Firm growth; Dynamic capabilities; Strategy; Functions; Community Innovation Survey; Europe;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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