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Henrekson, Magnus; Stenkula, Mikael - 2009

Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship … public policy affects the prevalence and performance of both productive entrepreneurship and so-called high …-impact entrepreneurship in turn. Although varying contexts and economic systems make prescribing a general panacea impossible, a number of …

Persistent link: https://www.econbiz.de/10010320341

A theory of gazelle growth: Competition, venture capital finance and policy

Kaya, Mehmet Caglar; Persson, Lars - 2019

This paper proposes a theory of gazelle growth in which gazelles can either grow organically or by acquisitions. In the model, there are three types of firms: incumbent, target, and gazelle. We show that the lower cost of organic growth can increase the incentives for acquisition growth. The...

Persistent link: https://www.econbiz.de/10012145516

Are High-Growth Firms Overrepresented in High-Tech Industries?

Daunfeldt, Sven-Olov; Elert, Niklas; Johansson, Dan - 2015

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 the association among high-tech status, innovativeness...

Persistent link: https://www.econbiz.de/10010504488

Gazelles as Job Creators: A Survey and Interpretation of the Evidence

Henrekson, Magnus; Johansson, Dan - 2008

It is often claimed that small and young firms account for a disproportionately large share of net employment growth. We conduct a meta analysis of the empirical evidence regarding whether net employment growth rather is generated by a few rapidly growing firms - so-called Gazelles - that are...

Persistent link: https://www.econbiz.de/10010320167

Competencies and Institutions Fostering High-growth Firms

Henrekson, Magnus; Johansson, Dan - 2008

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...

Persistent link: https://www.econbiz.de/10010320252

Taxation, Labor Market Policy and High-Impact Entrepreneurship

Henrekson, Magnus; Johansson, Dan; Stenkula, Mikael - 2010

Public policy affects the prevalence and performance of both productive and high-impact entrepreneurship. High …-impact entrepreneurship prospers when knowledge is successfully generated and exploited in the economy. This process depends on complementary …-impact entrepreneurship. …

Persistent link: https://www.econbiz.de/10010320262

Firm Growth, Institutions and Structural Transformation

Henrekson, Magnus; Johansson, Dan - 2010

This essay argues that the economic contribution of certain firms - be they small, young or rapidly growing - has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated to...

Persistent link: https://www.econbiz.de/10010320338