Davidsson, Per; Steffens, Paul R.; Fitzsimmons, Jason R. - 2007
Firm growth is almost universally portrayed as a good thing, and is commonly used as a measure of success. Applying … resource-based reasoning, we argue that growth is often not a sign of sound development. Specifically, we hypothesize that … secure high profitability at low growth. Empirical tests using two large, longitudinal data sets confirm that the profitable …