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Growth Development Paths of Firms—A Study of Smaller Businesses

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  • Thomas Brenner
  • Antje Schimke

Abstract

This paper investigates whether firm characteristics that are related to firm growth in the literature are also related to the development path of firms. This means that we test which firm characteristics accompany growth dynamics during a longer period of time, referring to the sequence of growth and decline steps. We examine three variables: firm size, innovation effort, and export share. To this end, we use panel data on 178 erman manufacturing firms over the period from 1992 to 2007. We find that the determinants of growth paths are not the same as the determinants of firm growth at one point in time.

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  • Thomas Brenner & Antje Schimke, 2015. "Growth Development Paths of Firms—A Study of Smaller Businesses," Journal of Small Business Management, Taylor & Francis Journals, vol. 53(2), pages 539-557, April.
    • Handle: RePEc:taf:ujbmxx:v:53:y:2015:i:2:p:539-557
    DOI: 10.1111/jsbm.12081
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    Cited by:

    1. Angel-Luis Meroño-Cerdan & Francisco-Jose Molina-Castillo & Carolina Lopez-Nicolas & Jesus Ruiz-Nicolas, 2024. "Growth and Performance: Business Model Innovation in Family Firms," Businesses, MDPI, vol. 4(2), pages 1-14, June.

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