Using establishment-level micro data on Compustat firms, we develop a novel decomposition of firm employment growth. Our decomposition reveals that on average, firms in this sample rely more on growth from acquiring and founding new establishments than on growth of existing establishments....

We examine the institutions that facilitate the growth of organizations. Following a Weberian approach, we argue that organizations prefer institutions that create an environment rich in technological opportunities, legally secure, financially vibrant and politically predictable, and that they...