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Firm growth in the Swedish retail and wholesale industries

Author

Listed:
  • Sven-Olov Daunfeldt
  • Åsa Lang
  • Zuzana Macuchova
  • Niklas Rudholm

Abstract

To identify the determinants of firm growth in the Swedish retail and wholesale industries during 2000-2004, we analyse a sample of 400 limited liability companies using quantile regression techniques. Firm growth was mainly found to depend upon time-invariant firm-specific effects, supporting Penrose's [1959. The theory of the growth of the firm (4th ed.). New York: Oxford University Press] suggestion that internal resources such as firm culture, brand loyalty, entrepreneurial skills, and so on are important determinants of firm growth.

Suggested Citation

  • Sven-Olov Daunfeldt & Åsa Lang & Zuzana Macuchova & Niklas Rudholm, 2013. "Firm growth in the Swedish retail and wholesale industries," The Service Industries Journal, Taylor & Francis Journals, vol. 33(12), pages 1193-1205, September.
    • Handle: RePEc:taf:servic:v:33:y:2013:i:12:p:1193-1205
    DOI: 10.1080/02642069.2013.719883
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    References listed on IDEAS

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    1. Alex Coad, 2009. "The Growth of Firms," Books, Edward Elgar Publishing, number 13424.
    2. Orietta Marsili, 2001. "The Anatomy and Evolution of Industries," Books, Edward Elgar Publishing, number 2272.
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    Cited by:

    1. Tang, Ali, 2014. "Does Gibrat’s Law Hold for Swedish Energy Firms?," HUI Working Papers 99, HUI Research.
    2. Daunfeldt, Sven-Olov & Westerberg, Hans, 2019. "High-growth firms and the labor market entry of first generation immigrants," HFI Working Papers 2, Institute of Retail Economics (Handelns Forskningsinstitut).
    3. Aili Tang, 2015. "Does Gibrat’s law hold for Swedish energy firms?," Empirical Economics, Springer, vol. 49(2), pages 659-674, September.

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