This paper aims to reconcile the logic behind stochastic models of firm growth and the notion of organizational capabilities as drivers of economic performance. In the proposed behavioral model of bounded rational firms, two mechanisms drive growth: independent stochastic growth of individual...

In this chapter, we propose a novel methodology that aims at establishing what is the role of "location" in shaping firm growth. Along with the traditional determinants (like, e.g., age, size, financial constraints and others), geographical location is alleged to drive firm growth. The current...

Applied research on growth and innovation would seem to suggest that successful innovations do not enhance firm expansion significantly. This article tests the hypothesis that the level of observation typical of applied research hampers the identification of a significant association between...