On the consequences of firm growth

Freel, Mark and Gordon, Ian (2022) On the consequences of firm growth. International Small Business Journal, 40 (6). pp. 684-709. ISSN 0266-2426

[thumbnail of On_the_consequences_of_firm_growth_ISBJ_main_document_3rd_submission]
Text (On_the_consequences_of_firm_growth_ISBJ_main_document_3rd_submission)
On_the_consequences_of_firm_growth_ISBJ_main_document_3rd_submission.pdf - Accepted Version
Available under License Creative Commons Attribution.

Download (701kB)


Recent contributions to the literature on small firm growth have been marked by a growing sense of frustration with the state-of-the-art and what it implicates in both theory and policy. In short, while growth episodes appear relatively common, a tiny proportion of firms sustain growth and ‘scale’. This calls into question the very basis upon which policies seeking to target high growth firms (HGFs) rest. In addition, it cautions against perspectives that view growth as the essence of entrepreneurship. In this paper, we argue that understanding the frequency of growth episodes and the rarity of sustained growth requires a better understanding of growth consequences. To this end, we describe case study evidence from ambitious entrepreneurs whose firms experienced an episode of high growth followed by longer periods of mixed performance. Our goal is to shed light on how the experience of growing affects further growth. Our data provide initial insights into the mechanisms linking past growth to growth motivations and into the ways in which past growth lays the foundations for future performance.

Item Type:
Journal Article
Journal or Publication Title:
International Small Business Journal
Uncontrolled Keywords:
?? growthcase studiesmotivationambidexteritybusiness and international management ??
ID Code:
Deposited By:
Deposited On:
25 Jan 2022 11:05
Last Modified:
15 Jul 2024 22:17