Title
Lumps, Bumps and Jumps in the Firm Growth Process
Date Issued
11 April 2022
Access level
metadata only access
Resource Type
review
Author(s)
Waseda University
Publisher(s)
Now Publishers Inc
Abstract
Firm growth is a central topic in entrepreneurship research. The approach taken here is to survey the literature on lumps and discontinuities in the growth process, which may well correspond to the most interesting cases of firm growth. Our interdisciplinary review investigates stages of growth models, growth modes, growth strategies, and barriers and thresholds that hinder the growth of firms. Firm growth is theorized to be characterized by the addition and reconfiguration of lumpy discrete resources. The distribution of annual growth rates follows a heavy-tailed distribution, which has led to interest in growth paths, growth spells, growth spikes, and the phenomenon of High-Growth Firms (HGFs). We conclude with implications for empirical and theoretical research.
Start page
212
End page
267
Volume
18
Issue
4
Language
English
OCDE Knowledge area
Negocios, Administración
Scopus EID
2-s2.0-85128947598
Source
Foundations and Trends in Entrepreneurship
ISSN of the container
15513114
Sponsor(s)
This study is financially supported by the Grant-in-Aid for Scientific Research (B) (No. 21H00719), Japan Society for the Promotion of Science.
Sources of information: Directorio de Producción Científica Scopus