IDEAS home Printed from https://ideas.repec.org/a/scn/econom/y2017i3p92-105.html
   My bibliography  Save this article

Опыт эмпирического определения цикла жизни фирмы // Experience of Empirical Estimtion of the Company Life Cycle

Author

Listed:
  • Elena Baranova I.

    (Financial University)

  • Е. Баранова И.

    (Финансовый университет)

Abstract

The paper is concerned with the theories of life cycles of organizations and the empirical verification of their correctness with respect to Russian fast-growing companies (FGC). The subject of the study is the life cycles of an organization and the evolution of fast-growing companies. The purpose of the work was to obtain an empirical approximation of the theoretical curve of a company life cycle and test the life cycle theories to determine their relevance for describing the growth of Russian fast-growing companies. The analysis of the evolution of the company life cycle theories was carried out. Subject to analysis were application, potential strengths and weaknesses of this group of company growth theories revealed lately. In particular, the need for a quantitative interpretation of the main provisions of the company life cycle theory is emphasized. To solve this problem, an empirical curve of the company life cycle was calculated using the example of Russian fast-growing companies. It is concluded that the most widespread version of the company life-cycle theories (according to I. Adizes) may be applied to the analysis of the growth of Russian fast-growing companies, however, fast-growing companies are quite specific in the periods before and after the accelerated growth. Статья посвящена рассмотрению теорий жизненных циклов организаций и эмпирической проверке их обоснованности применительно к российским быстрорастущим компаниям (БРК). Предмет исследования: жизненные циклы организации, эволюция быстрорастущих компаний. Цель работы: получить эмпирическую аппроксимацию теоретической кривой жизненного цикла фирмы, протестировать теории жизненных циклов на предмет определения их релевантности для описания роста российских быстрорастущих компаний. Проведен анализ эволюции теорий жизненных циклов организации, проанализированы области применения, потенциальные преимущества и выявленные в последнее время слабости данной группы теорий роста фирмы. В частности, подчеркнута необходимость количественной интерпретации основных положений теории жизненного цикла фирмы. Для решения этой задачи рассчитана эмпирическая кривая жизненного цикла фирмы на примере российских быстрорастущих компаний. Сделан вывод об общей применимости наиболее распространенной версии теорий жизненного цикла фирмы (по И. Адизесу) к анализу роста российских быстрорастущих компаний и одновременно о значительной специфике роста быстрорастущих компаний в периоды до и после ускоренного роста.

Suggested Citation

  • Elena Baranova I. & Е. Баранова И., 2017. "Опыт эмпирического определения цикла жизни фирмы // Experience of Empirical Estimtion of the Company Life Cycle," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 10(3), pages 92-105.
  • Handle: RePEc:scn:econom:y:2017:i:3:p:92-105
    as

    Download full text from publisher

    File URL: https://economy.fa.ru/jour/article/viewFile/302/285.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alex Coad, 2007. "Firm Growth: a Survey," Post-Print halshs-00155762, HAL.
    2. Simon Parker & David Storey & Arjen Witteloostuijn, 2010. "What happens to gazelles? The importance of dynamic management strategy," Small Business Economics, Springer, vol. 35(2), pages 203-226, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kaya, Mehmet Caglar & Persson, Lars, 2019. "A theory of gazelle growth: Competition, venture capital finance and policy," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    2. Yannis Caloghirou & Ioannis Giotopoulos & Alexandra Kontolaimou & Aggelos Tsakanikas, 2022. "Inside the black box of high-growth firms in a crisis-hit economy: corporate strategy, employee human capital and R&D capabilities," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 1319-1345, September.
    3. Greene, Francis, 2012. "Should the focus of publicly provided small business assistance be on start-ups or growth businesses?," Occasional Papers 12/2, Ministry of Economic Development, New Zealand.
    4. Magnus Henrekson & Dan Johansson, 2010. "Gazelles as job creators: a survey and interpretation of the evidence," Small Business Economics, Springer, vol. 35(2), pages 227-244, September.
    5. Taelim Choi & John C. Robertson & Anil Rupasingha, 2013. "High-growth firms in Georgia," FRB Atlanta Working Paper 2013-20, Federal Reserve Bank of Atlanta.
    6. Lu, Jinfeng & Dimov, Dimo, 2023. "A system dynamics modelling of entrepreneurship and growth within firms," Journal of Business Venturing, Elsevier, vol. 38(3).
    7. Antonio Davila & George Foster & Xiaobin He & Carlos Shimizu, 2015. "The rise and fall of startups: Creation and destruction of revenue and jobs by young companies," Australian Journal of Management, Australian School of Business, vol. 40(1), pages 6-35, February.
    8. Serban Mogos & Alex Davis & Rui Baptista, 2021. "High and sustainable growth: persistence, volatility, and survival of high growth firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 135-161, March.
    9. Stefano Bianchini & Giulio Bottazzi & Federico Tamagni, 2017. "What does (not) characterize persistent corporate high-growth?," Small Business Economics, Springer, vol. 48(3), pages 633-656, March.
    10. Florian Léon, 2022. "The elusive quest for high-growth firms in Africa: when other metrics of performance say nothing," Small Business Economics, Springer, vol. 58(1), pages 225-246, January.
    11. Besstremyannaya, Galina & Dasher, Richard & Golovan, Sergei, 2022. "Quantifying heterogeneity in the relationship between R&D intensity and growth at innovative Japanese firms: A quantile regression approach," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 67, pages 27-45.
    12. Gavin Reid & Zhibin Xu, 2012. "Generalising Gibrat: using Chinese evidence founded on fieldwork," Small Business Economics, Springer, vol. 39(4), pages 1017-1028, November.
    13. Alex Coad & Julian Frankish & Richard G. Roberts & David J. Storey, 2011. "Growth Paths and Survival Chances," SPRU Working Paper Series 195, SPRU - Science Policy Research Unit, University of Sussex Business School.
    14. Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2015. "Eco-innovation and Firm Growth: Do Green Gazelles Run Faster? Microeconometric Evidence from a Sample of European Firms. WWWforEurope Working Paper No. 88," WIFO Studies, WIFO, number 57897, April.
    15. Krafft Jackie & Quatraro Francesco & Colombelli Alessandra, 2011. "High Growth Firms and Technological Knowledge: Do gazelles follow exploration or exploitation strategies?," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201114, University of Turin.
    16. Alex Coad, 2007. "Exploring the "mechanics" of firm growth: evidence from a short-panel VAR," Post-Print halshs-00175048, HAL.
    17. Silviano Esteve-Pérez & Fabio Pieri & Diego Rodriguez, 2022. "One swallow does not make a summer: episodes and persistence in high growth," Small Business Economics, Springer, vol. 58(3), pages 1517-1544, March.
    18. Besnik A. Krasniqi & Muhamet Mustafa, 2016. "Small firm growth in a post-conflict environment: the role of human capital, institutional quality, and managerial capacities," International Entrepreneurship and Management Journal, Springer, vol. 12(4), pages 1165-1207, December.
    19. Giulio Bottazzi & Alex Coad & Nadia Jacoby & Angelo Secchi, 2011. "Corporate growth and industrial dynamics: evidence from French manufacturing," Applied Economics, Taylor & Francis Journals, vol. 43(1), pages 103-116.
    20. Ireneusz Janiuk, 2017. "Mergers and Acquisitions: Their Role in the Process of Diversification of an Enterprise," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 13(01), pages 37-52.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scn:econom:y:2017:i:3:p:92-105. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Алексей Скалабан (email available below). General contact details of provider: http://economy.fa.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.