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Rapidly-growing firms and their main characteristics: a longitudinal study from the USA

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  • Christian Keen
  • Hamid Etemad

Abstract

This paper explores the topic of high-growth phenomenon and its agents. High-growth enterprises are primarily small and medium-sized firms that attain very high-growth rates for at least five years. The paper presents a review of the pertinent literature to guide its formulation of hypotheses concerning the theoretical relations between high-growth and location, size and temporal characteristics of the high-growth enterprises. Using non-parametric tests, we analyse a 21-year longitudinal database of privately held rapidly growing enterprises from the USA. This analysis indicates that these firms are relatively smaller enterprises and their high growth rates are not restricted to a particular location, industrial region, size or time period. The findings of this analysis point to a population of high-growth enterprises with diverse locations, sizes and times with important implications for scholarly research and public policy analysis and formulation.

Suggested Citation

  • Christian Keen & Hamid Etemad, 2011. "Rapidly-growing firms and their main characteristics: a longitudinal study from the USA," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 3(4), pages 344-358.
    • Handle: RePEc:ids:ijeven:v:3:y:2011:i:4:p:344-358
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    Citations

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    Cited by:

    1. Hamid Etemad, 2021. "The evolutionary trends of international entrepreneurship in the past two decades: The state of the field in the face of COVID-19’s global crisis," Journal of International Entrepreneurship, Springer, vol. 19(2), pages 149-163, June.
    2. Hamid Etemad, 2019. "Actions, actors, strategies and growth trajectories in international entrepreneurship," Journal of International Entrepreneurship, Springer, vol. 17(2), pages 127-143, June.
    3. Hamid Etemad, 2023. "The emerging new architecture in international entrepreneurship: Dynamic impacts of business models transformation favoring accelerated internationalization of smaller enterprises," Journal of International Entrepreneurship, Springer, vol. 21(3), pages 271-300, September.
    4. Hamid Etemad, 2022. "Towards an integrated and longitudinal life-cycle framework of international entrepreneurship: Exploring entrepreneurial orientation, capabilities, and network advantages overcoming barriers to intern," Journal of International Entrepreneurship, Springer, vol. 20(4), pages 503-536, December.
    5. Hamid Etemad, 2020. "Collective internationalization strategy, dispersed information, and entrepreneurial orientation interactions," Journal of International Entrepreneurship, Springer, vol. 18(1), pages 1-14, March.
    6. Hamid Etemad, 2019. "Revisiting interactions of entrepreneurial, marketing, and other orientations with internationalization strategies," Journal of International Entrepreneurship, Springer, vol. 17(1), pages 1-18, March.
    7. Hamid Etemad, 2017. "Towards a conceptual multilayered framework of international entrepreneurship," Journal of International Entrepreneurship, Springer, vol. 15(3), pages 229-238, September.
    8. Hamid Etemad, 2021. "Revisiting aspects of entrepreneurship, entrepreneurial orientation, entrepreneurial intentions, international entrepreneurship, and their corresponding consequences," Journal of International Entrepreneurship, Springer, vol. 19(3), pages 321-338, September.
    9. Hamid Etemad, 2018. "Early strategic heritage: The carryover effect on entrepreneurial firm’s life cycle," Journal of International Entrepreneurship, Springer, vol. 16(4), pages 441-455, December.

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