This paper looks at the interactive effects of bribes and financial constraints on firm growth. Existing empirical work, such as Fisman and Svensson (2007) find the rate of taxation and bribery are negatively correlated with firm growth, has been challenged by the positive association between...

Countries differ substantially in the extent to which more productive firms are large and/or are becoming larger and less productive firms are small and/or becoming smaller. A challenge for both emerging and advanced economies is that achieving such static and dynamic allocative efficiency...

Network hiring — i.e. the preference for hiring workers who are referred by existing employees or have shared affiliations with them — is a prevalent practice across many industries. Considerable research shows that hiring within a firm's network provides soft information about potential...

This work looks at emerging growth companies through the perspective of the dynamics leading up to an inflection point, with emphasis on negative results. Milestones in a company's growth, like a prototype product, the first sale of a product, financial sustainability, and capturing a targeted...