In the strategy literature a lot of emphasis is placed on growth as a dominant business strategy. Is growth always desirable? The finance literature, on the other hand, focuses more on economic profitability and value. This study empirically explores the significance of profitability and growth...

The creation and sustenance processes of new ventures in emerging economies are challenging due to low productivity, lack of innovation, lack of capital, lack of skilled labor, and more importantly, unclear policies or poor implementation of policies by the government that elevate risks. This...