Sustainable university entrepreneurship: Revisiting firm growth patterns

The answer to the question, “Which factors determine the sustainable growth of small- and medium-sized enterprises (SMEs)?” is still fragmented. While previous studies have paid attention to a firm’s entrepreneurial orientation (EO) as a key driver of SME growth, it is often overlooked that contextual factors can be crucial in order for EO to be effective in yielding sustainable growth in SMEs. This paper focuses on the role of relative performance as a boundary condition in the relationship between EO and sustainable growth of SMEs. We predict that the effect of EO on SMEs’ sustainable growth would differ depending on performance feedback based on their past performance. Our empirical analysis based on panel analysis shows that SMEs strongly pursue sales growth immediately after they achieve lower levels of performance than historical aspiration. However, when their performance goes beyond the historical aspiration level, their growth patterns appear to show a different pattern depending on their level of EO. SMEs with greater EO are more likely to pursue firm growth when performance is above historical aspirations while those with lesser EO are not. Our findings suggest that relative performance is an important boundary condition in the relationship between EO and SMEs’ sustainable growth.

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GROWTH INTENTIONS AND ACTUAL GROWTH: THE IMPACT OF ENTREPRENEURIAL CHOICE

Journal of Enterprising Culture ◽

10.1142/s0218495896000022 ◽

1996 ◽

Vol 04 (01) ◽

pp. 1-17 ◽

Cited By ~ 56

Author(s):

LARS KOLVEREID ◽

ERLEND BULLVAG

Keyword(s):

Graduate School ◽

Firm Growth ◽

Longitudinal Design ◽

Growth Patterns ◽

Design Data ◽

Actual Growth ◽

Global Entrepreneurship ◽

The Stability ◽

The Impact ◽

The Relationship

Acknowledgements: We would like to thank the Norwegian Royal Ministry of Industry and the Bodø Graduate School of Business for the financial support that made this research possible. We would also like to thank the Society of Associated Researchers in Entrepreneurship under whose auspices the data for this study was collected. An earlier version of this paper was presented at the 3rd Annual Global Entrepreneurship Conference, Lyon, France, March 1993. The present research investigated: (1) the relationship between entrepreneurs’ growth intentions and actual firm growth, (2) the stability of growth intentions, and (3) the relationship between changes in intentions and actual firm growth. Using a longitudinal design, data were collected from Norwegian entrepreneurs for 1990 and 1992. The results indicate that growth intentions may be used to predict actual growth, that past intentions are related to later intentions, and that changes in growth intentions are associated with changes in growth patterns.

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Do Firm Growth Models Work in Service Industries in Developing Economies? An Investigation of the Relationship Between Firms’ Growth, Size and Age

Journal of Interdisciplinary Economics ◽

10.1177/0260107921989912 ◽

2021 ◽

pp. 026010792198991

Author(s):

Boby Chaitanya Villari ◽

Balaji Subramanian ◽

Piyush Kumar ◽

Pradeep Kumar Hota

Keyword(s):

Firm Growth ◽

Developing Economies ◽

Growth Models ◽

Growth Patterns ◽

Service Industries ◽

Gibrat’S Law ◽

Gibrat's Law ◽

Manufacturing Sectors ◽

Service Sectors ◽

The Relationship

Growth models such as Gibrat’s law and Jovanovic’s theory that examine the relationship between the firms’ growth, age and size have either been tested on data from developed economies or from the manufacturing sectors in developing economies. This study checks the suitability of these models in service sectors in developing economies as service sectors have distinct characteristics and developing economies such as India are heavily dependent on this sector. The current study considers three major service sectors contributing to India’s economy vis-à-vis financial services, information technology and real estate for the period 2002–2005. We observed that during 2002–2005, India’s economy was stable without wide fluctuations in economic performance, such as gross domestic product, unemployment or inflation. These sectors not only had a significant impact on economic growth but also had comprehensive microeconomic data. Our results negate both Gibrat’s law and Jovanovic’s theory. We argue that service sectors which are knowledge-intensive will experience different growth patterns compared to manufacturing sectors. We find a definite and significant relationship between firms’ growth and their size and age. Also, we find concluding evidence that younger firms up to 10 years of age struggle a lot more than older firms in the Indian service sector. JEL: D20, D21, D22, D02

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Income Tax Aspects of Liquidation in Multiperiod Linear Growth Models

Journal of Agricultural and Applied Economics ◽

10.1017/s0081305200014333 ◽

1978 ◽

Vol 10 (2) ◽

pp. 29-34 ◽

Cited By ~ 1

Author(s):

Donald W. Reid ◽

Wesley N. Musser ◽

Neil R. Martin

Keyword(s):

Linear Programming ◽

Firm Growth ◽

Linear Growth ◽

Growth Models ◽

Optimal Growth ◽

Planning Horizon ◽

Growth Patterns ◽

Net Worth ◽

Programming Framework ◽

On Farm

Since the mid-1960s, agricultural economists have given much attention to research on farm-firm growth. One procedure used in this type of research has been multiperiod linear programming models, e.g. [1, 6, 9, 11, 14, 17]. Several researchers using the multiperiod linear programming framework have compared optimizing criteria. Generally, comparisons were made between maximizing some type of present value criterion and maximizing net worth at the end of the planning horizon. The different assumptions associated with the two maximizing criteria have resulted in different optimal growth patterns.

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NEW FIRM GROWTH AND DEVELOPMENT: A REPLICATION AND EXTENSION OF REYNOLDS’ RESEARCH

Journal of Enterprising Culture ◽

10.1142/s0218495896000034 ◽

1996 ◽

Vol 04 (01) ◽

pp. 19-36 ◽

Cited By ~ 3

Author(s):

J.B. ARBAUGH ◽

DONALD L. SEXTON

Keyword(s):

Growth Model ◽

Growth And Development ◽

Firm Growth ◽

New Ventures ◽

Growth Patterns ◽

Development Patterns ◽

New Model ◽

Significant Growth ◽

New Firm

A study of 323 new ventures in Ohio supports Reynolds’ findings of an earlier study in Pennsylvania, namely: firms tend to follow one of four different growth patterns, only one of which includes significant growth; most firms do not experience growth beyond their first year’s sales; and there are no significant correlations between age of the firm and annual sales. The results support a new model of firm growth which empirically invalidates the metamorphic growth model. The study concludes by identifying significant differences in operational and strategic emphases between the development patterns.

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Firm growth patterns: Examining the associations with firm size and internationalization

International Journal of Hospitality Management ◽

10.1016/j.ijhm.2009.10.026 ◽

2010 ◽

Vol 29 (3) ◽

pp. 368-377 ◽

Cited By ~ 24

Author(s):

Kwangmin Park ◽

SooCheong (Shawn) Jang

Keyword(s):

Firm Size ◽

Firm Growth ◽

Growth Patterns

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Diagnostic Value of Electron Microscopy in Soft Tissue Tumors

Proceedings, annual meeting, Electron Microscopy Society of America ◽

10.1017/s0424820100068096 ◽

1970 ◽

Vol 28 ◽

pp. 220-221

Author(s):

Gerald Fine ◽

Azorides R. Morales

Keyword(s):

Cardiac Myxoma ◽

Osteogenic Sarcoma ◽

Diagnostic Value ◽

Soft Tissue Tumors ◽

Amelanotic Melanoma ◽

Growth Patterns ◽

Light Microscopic Level ◽

Mesenchymal Tumors ◽

Good Agreement

For years the separation of carcinoma and sarcoma and the subclassification of sarcomas has been based on the appearance of the tumor cells and their microscopic growth pattern and information derived from certain histochemical and special stains. Although this method of study has produced good agreement among pathologists in the separation of carcinoma from sarcoma, it has given less uniform results in the subclassification of sarcomas. There remain examples of neoplasms of different histogenesis, the classification of which is questionable because of similar cytologic and growth patterns at the light microscopic level; i.e. amelanotic melanoma versus carcinoma and occasionally sarcoma, sarcomas with an epithelial pattern of growth simulating carcinoma, histologically similar mesenchymal tumors of different histogenesis (histiocytoma versus rhabdomyosarcoma, lytic osteogenic sarcoma versus rhabdomyosarcoma), and myxomatous mesenchymal tumors of diverse histogenesis (myxoid rhabdo and liposarcomas, cardiac myxoma, myxoid neurofibroma, etc.)

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Episodic whole plant growth patterns in Ligustrum

Physiologia Plantarum ◽

10.1034/j.1399-3054.1993.890106.x ◽

1993 ◽

Vol 89 (1) ◽

pp. 33-39 ◽

Cited By ~ 1

Author(s):

Jeff S. Kuehny ◽

Mary C. Halbrooks

Keyword(s):

Plant Growth ◽

Growth Patterns ◽

Whole Plant

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Larval Behavior and Protective Implications for Sea Scallops and Surf Clams within the Middle Atlantic Bight: Part Two, Variability of Physical Environment and Larval Behaviors

Earth & Environmental Science Research & Reviews ◽

10.33140/eesrr.02.02.04 ◽

2019 ◽

Vol 2 (2) ◽

Keyword(s):

Physical Environment ◽

Climate Changes ◽

Larval Growth ◽

Growth Patterns ◽

Larval Behavior ◽

Larval Release ◽

Physical Conditions ◽

Climatic Variations ◽

Middle Atlantic ◽

Sea Scallops

Larval growth and settlement rates are important larval behaviors for larval protections. The variability of larval growthsettlement rates and physical conditions for 2006-2012 and in the future with potential climate changes was studied using the coupling ROMS-IMBs, and new temperature and current indexes. Forty-four experimental cases were conducted for larval growth patterns and release mechanisms, showing the spatial, seasonal, annual, and climatic variations of larval growthsettlement rates and physical conditions, demonstrating that the slight different larval temperature-adaption and larval release strategies made difference in larval growth-settlement rates, and displaying that larval growth and settlement rates highly depended upon physical conditions and were vulnerable to climate changes.

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The Effect of Taxation and Corruption on Firm Growth: An Empirical Investigation for Vietnam

Journal of Economics and Development ◽

10.33301/2016.18.03.01 ◽

2016 ◽

pp. 5-29

Author(s):

Bich Le Thi Ngoc

Keyword(s):

International Development ◽

Firm Growth ◽

Empirical Investigation ◽

Manufacturing Firms ◽

Economic Management ◽

Tax Rate ◽

Percentage Point Increase ◽

Percentage Points ◽

Point Increase ◽

The Impact

The aim of this study is to analyze empirically the impact of taxation and corruption on the growth of manufacturing firms in Vietnam. The study employed pooled OLS estimation and then instrument variables with fixed effect for the panel data of 1377 firms in Vietnam from 2005 to 2011. These data were obtained from the survey of the Central Institute for Economic Management and the Danish International Development Agency. The results show that both taxation and corruption are negatively associated with firm growth measured by firm sales adjusted according to the GDP deflator. A one-percentage point increase in the bribery rate is linked with a reduction of 16,883 percentage points in firm revenue, over four and a half times bigger than the effect of a one-percentage point increase in the tax rate. From the findings of this research, the author recommends the Vietnam government to lessen taxation on firms and that there should be an urgent revolution in anti-corruption policies as well as bureaucratic improvement in Vietnam.

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