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We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed … actual entrepreneurs …
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Young firms are known to grow at a faster rate than incumbents. With administrative firm data from Germany, we show that the higher growth rates indeed translate into upward mobility within the firm size distribution. Young firms are therefore not only able to catch up, but also to grow larger...
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, smaller founding teams, and novice, younger, and less educated entrepreneurs. Perhaps surprisingly, female, minority, and less …-educated entrepreneurs tend to choose high-growth industries, but fewer of them achieve high growth relative to their industry peers. …
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