studying the industry distribution of high-growth firms (HGFs) across all 4-digit NACE industries, using data covering all …It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because … such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that …

. Under propitious circumstances, it can be a powerful engine of growth, but it can also be channelled in unproductive and …

High-growth firms (HGFs) are critical for net job creation and economic growth. We analyze HGFs using the theory of … competence blocs, linking firm growth to property rights and the interaction of complementary expertise. Specifically, we discuss … how the institutional framework affects the prevalence and performance of HGFs. Firm growth is viewed as resulting from …

We outline a politico-economic growth system centered around the entrepreneur. By defining entrepreneurs in relation to …

without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by … growth barriers, labor market regulation, liquidity constraints and tax policy at length. …

the acquisition price which, in turn, might increase despite firms in the market making lower profits. We also show that … the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …

Stylized facts indicate that small firms are responsible for a disproportionate share of innovative research. There are … (innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … attention across tasks or to misallocation of risk. Larger firms are at a comparative disadvantage in conducting highly …

Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth …. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process …. Stable and sustained long-term growth in output requires the continuous creation of new technological and commercial …