GROWTH INTENTIONS AND ACTUAL GROWTH: THE IMPACT OF ENTREPRENEURIAL CHOICE

1996 ◽  
Vol 04 (01) ◽  
pp. 1-17 ◽  
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.

scholarly journals Political Instability and Growth: Case of the Developing Countries

2013 ◽  
Vol 2 (1) ◽  
pp. 19
Author(s):  
Said JAOUADI ◽  
Lamia ARFAOUI ◽  
Azza ZIEDI
Keyword(s):  
Developing Countries ◽  
Empirical Investigation ◽  
Political Instability ◽  
Political Environment ◽  
Huge Number ◽  
Effective Governance ◽  
The Social ◽  
The Stability ◽  
The Impact ◽  
The Relationship

The paper attempted to examine the causal relationship between political instability and growth. Currently, the world continues to record huge number of popular revolutions in the region MENA, to improve the social environment and to consolidate implementing an effective governance. Although, the uprising has harmed the financial and economic situation in these countries, and became a threat for the stability of the countries, in overall.The manuscript accounts for the impact of political instability on the growth of the developing countries, in the shadow of the widespread of the revolutions since 2011. The paper attempted to illuminate the reality of the relationship between political environment and growth through the estimation of panel, comprising 69 developing countries 1985-2012.In the current paper, the authors conducted an empirical investigation, in which we bore out the claims raised in many surveys and the conclusions drawn by several authors about the harmful impact of political instability on the fundamental bases of the economy, in countries recording political instability.

scholarly journals Do alternative weighting approaches for an Index of Multiple Deprivation change the association with mortality? A sensitivity analysis from Germany

BMJ Open ◽  
2019 ◽  
Vol 9 (8) ◽  
pp. e028553 ◽  
Author(s):  
Florian Schederecker ◽  
Christoph Kurz ◽  
Jon Fairburn ◽  
Werner Maier
Keyword(s):  
Age Groups ◽  
Total Mortality ◽  
Premature Mortality ◽  
Area Deprivation ◽  
Multiple Deprivation ◽  
The Stability ◽  
Weighting Procedures ◽  
The Impact ◽  
The Relationship ◽  
Index Of Multiple Deprivation

ObjectivesThis study aimed to assess the impact of using different weighting procedures for the German Index of Multiple Deprivation (GIMD) investigating their link to mortality rates.Design and settingIn addition to the original (normative) weighting of the GIMD domains, four alternative weighting approaches were applied: equal weighting, linear regression, maximization algorithm and factor analysis. Correlation analyses to quantify the association between the differently weighted GIMD versions and mortality based on district-level official data from Germany in 2010 were applied (n=412 districts).Outcome measuresTotal mortality (all age groups) and premature mortality (<65 years).ResultsAll correlations of the GIMD versions with both total and premature mortality were highly significant (p<0.001). The comparison of these associations using Williams’s t-test for paired correlations showed significant differences, which proved to be small in respect to absolute values of Spearman’s rho (total mortality: between 0.535 and 0.615; premature mortality: between 0.699 and 0.832).ConclusionsThe association between area deprivation and mortality proved to be stable, regardless of different weighting of the GIMD domains. The theory-based weighting of the GIMD should be maintained, due to the stability of the GIMD scores and the relationship to mortality.

scholarly journals How Does Entrepreneurial Orientation Influence the Sustainable Growth of SMEs? The Role of Relative Performance

2019 ◽  
Vol 11 (19) ◽  
pp. 5178 ◽  
Author(s):  
Chiho Ok ◽  
He Soung Ahn
Keyword(s):  
Boundary Condition ◽  
Performance Feedback ◽  
Entrepreneurial Orientation ◽  
Firm Growth ◽  
Growth Patterns ◽  
Sustainable Growth ◽  
Relative Performance ◽  
Past Performance ◽  
The Relationship

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.

Measuring the intellectual capital of Italian listed companies

2017 ◽  
Vol 18 (4) ◽  
pp. 710-732 ◽  
Author(s):  
William Forte ◽  
Jon Tucker ◽  
Gaetano Matonti ◽  
Giuseppe Nicolò
Keyword(s):  
Intellectual Capital ◽  
Firm Growth ◽  
Stock Exchange ◽  
Market Value ◽  
Investment Strategy ◽  
Sources Of Information ◽  
Content Type ◽  
Italian Context ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to investigate the relationship between intellectual capital (IC), measured in terms of the market to book (MTB) ratio, and potential key determinants of IC value such as intangible assets (IA) and a range of other factors. Design/methodology/approach The study is conducted for a sample of 140 Italian corporations over the period 2009-2013. Applying a holistic market-based approach, the relationship between IC value and selected determinants from the extant literature is tested. Five hypotheses are tested using a pooled OLS regression model, while controlling for time. ROE is employed as a useful firm profitability indicator from the perspective of an equity investor. Moreover, four robustness tests are undertaken. Findings The results show that IA, profitability, leverage, industry type, auditor type, and family ownership positively affect IC value, whereas SIZE and AGE negatively affect IC value. Moreover, the findings of the robustness tests suggest that all firms, and not just knowledge-intensive business service industry firms, manage knowledge. Research limitations/implications The validity of the findings is limited to the Italian context, as the study focuses on a sample of companies listed on the Milan Stock Exchange, all of which prepare their individual financial statements according to IFRS. Further limitations are related to the use of market value in the short term, as it is influenced by market volatility. The study may allow academic researchers to investigate the impact of other non-accounting sources of information on market value within a multidisciplinary perspective. Practical implications This paper also has implications for managers and practitioners. The findings suggest that managers should not take for granted that firm growth (an increase in SIZE) alone will lead to an increase in IC value, in the absence of a consistent IC-oriented investment strategy. Managers should also avoid smoothing their IC investment as the company grows, in order to maintain a stable MTB ratio. Further, standard setters should seek to explore better means of disclosing non-accounting information relating to IC value. Originality/value This paper contributes to the IC literature as it is the first study which applies the market capitalization approach to analyze IC value determinants in the Italian context, within the framework of IFRS. The findings reveal some interesting relationships between the MTB ratio and recognized intangible investments, which are found to be insignificant in previous studies, confirming that, through the holistic effect, the MTB ratio may be a good proxy for IC.

scholarly journals Do profitable start-up firms grow faster? Evidence from Colombia

2018 ◽  
Vol 37 (75) ◽  
pp. 727-754
Author(s):  
Yuji Honjo
Keyword(s):  
Firm Growth ◽  
Sales Growth ◽  
Firm Age ◽  
Start Up ◽  
Using Data ◽  
The Impact ◽  
The Relationship

This study explores the impact of profitability on the growth of start-up firms. Using data on start-up firms in Colombia, we examine the relationship between firm growth and profitability. We provide evidence that start-up firms with higher profitability increase their total assets. However, we find little evidence that profitability positively affects sales growth for start-up firms. In contrast, the results provide support for the notion that profitability is derived from sales growth. Furthermore, we find that firm growth depends heavily on firm age during the start-up stage.

Industrial Research and Firm Size, Survival, and Growth in American Manufacturing, 1921–1946: An Assessment

1983 ◽  
Vol 43 (4) ◽  
pp. 953-980 ◽  
Author(s):  
David C. Mowery
Keyword(s):  
Firm Size ◽  
Small Firms ◽  
Firm Growth ◽  
Industrial Research ◽  
Large Firms ◽  
Research Activity ◽  
Growth And Survival ◽  
Survival And Growth ◽  
The Impact ◽  
The Relationship

The literature on the development of American industrial research suggests that during the twentieth century large firms “dominated” industrial research, and reaped the majority of the benefits from such activity. This paper utilizes new data to analyze both the relationship between firm size and research employment and the impact of research activity on firm growth and survival during 1921–1946. The results suggest that large firms were no more research-intensive than were small firms during the 1921–1946 period. Research activity significantly enhanced the probability of firms' survival among the ranks of the 200 largest manufacturing firms during 1921–1946. Research employment also improved the growth performance of both large and small firms during 1933–1946.

scholarly journals Analysis of Stability Factors of Roadway Roof and Determination of Unsupported Roof Distance

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Sen Yang ◽  
Xinzhu Hua ◽  
Xiao Liu ◽  
Chen Li
Keyword(s):  
Influencing Factors ◽  
Geological Conditions ◽  
Mine Roadway ◽  
Flac 3D ◽  
Roof Stability ◽  
Analysis Of Stability ◽  
The Stability ◽  
The Impact ◽  
The Relationship

To determine the impact of influencing factors on unsupported roof stability in coal mine roadway, a mechanical model of the unsupported roof was built. FLAC 3D numerical simulation was utilized to study the stability of the unsupported roof under the influence of the depth of the roadway, the thickness of the roof, and the unsupported-support distance. In view of the key influencing factors, the geological conditions of the site, and the relationship between the tensile stress and tensile strength of the unsupported roof, the maximum unsupported roof distance during roadway excavation was determined. Considering the surplus safety factor of the unsupported roof, the reasonable unsupported roof distance during the excavation of roadway 150802 was finally determined to be 2.08 m. The comprehensive roadway excavation speed increased by 62.7%, achieving a monthly progress over 500 m.

scholarly journals Impact of using Islamic Microfinance Products on Mauritanian Microentrepreneurs’ Income: Evidence from PROCAPEC- Nouakchot

2021 ◽  
Vol 8 (Special Issue) ◽  
pp. 219-238
Author(s):  
Vatimetou Mokhtar Maouloud ◽  
Anwar Hasan Abdullah Othman
Keyword(s):  
Structural Equation ◽  
Income Level ◽  
Equation Modeling ◽  
Design Data ◽  
Cross Sectional ◽  
Moderator Effect ◽  
Microfinance Institution ◽  
Islamic Microfinance ◽  
The Impact ◽  
The Relationship

This study examines the impact of using Islamic microfinance products on the Mauritanian microentrepreneurs’ income level. The study is purely quantitative, and it uses cross-sectional design data, which was gathered through a questionnaire from a sample of 381 beneficiaries of an Islamic microfinance institution (PROCAPEC). It uses Structural Equation Modeling (SEM) to determine the effectiveness of using Islamic microfinance products on the beneficiaries’ income as well as to test the moderator effect of gender on the relationship in the model. The research found out that the use of Islamic microfinance products has increased the beneficiaries’ income; however, gender has no moderator effect on the relationship between the usage of Islamic microfinance products and income level. These findings help the policymakers and managers of Islamic microfinance consider the factors increasing Islamic microfinance products’ usage to reduce poverty in the country. This study is among the pioneer in the field of Islamic microfinance in Mauritania due to the scarcity of studies in the geographical context.

scholarly journals EFFECT OF BLASTING ON THE STABILITY OF LINING DURING EXCAVATION OF NEW TUNNEL NEAR THE EXISTING TUNNEL

2021 ◽  
Vol 30 (1) ◽  
Author(s):  
Tuan Minh Tran ◽  
Quang Huy Nguyen
Keyword(s):  
Field Data ◽  
Damage Zone ◽  
Field Tests ◽  
Surrounding Rock ◽  
In Situ Test ◽  
The Stability ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

In recent years, experimental and numerical researches on the effect of blasting pressure on the stability of existing tunnels was widely obtained. However, the effect of the blasting pressure during excavation a new tunnel or expansion old tunnels on an existing tunnel has disadvantages and still unclear. Some researches were carried out to study the relationship of the observed Peak Particle Velocity (PPV) on the lining areas along the existing tunnel direction, due to either the lack of in situ test data or the difficulty in conducting field tests, particularly for tunnels that are usually old and vulnerable after several decades of service. This paper introduces using numerical methods with the field data investigations on the effect of the blasting in a new tunnel on the surrounding rock mass and on the existing tunnel. The research results show that not only predicting the tunnel lining damage zone under the impact of blast loads but also determination peak maximum of explosion at the same time at the surface of tunnel working.

Small-bioreactor platform technology as a municipal wastewater additive treatment

2013 ◽  
Vol 69 (3) ◽  
pp. 504-510 ◽  
Author(s):  
Ofir Menashe ◽  
Eyal Kurzbaum
Keyword(s):  
Biological Treatment ◽  
Municipal Wastewater ◽  
Selection Process ◽  
Study Results ◽  
Different Types ◽  
Selective Forces ◽  
The Stability ◽  
Physical And Chemical ◽  
The Impact ◽  
The Relationship

The bioaugmentation treatment approach presents both an economical and environmentally friendly solution for wastewater treatment. However, the use of exogenous bacterial cultures presents several limitations: negative interaction between microorganisms and adaptation to new physical and chemical composite environment. These selective forces create a significant challenge for the introduced culture to achieving the required biomass in order to conduct the target biological treatment. Small-bioreactor platform (SBP) technology is aimed at introducing exogenous bacterial culture with some protection to reduce some of the natural selection process. The current study was aimed at validating the use of SBP technology to improve biological treatment, especially during a stress period, by using macro-encapsulated bioaugmentation treatment. The study results indicate that the use of SBP technology elevates the stability of biological treatment, improving operational factors such as the reduction of foaming phenomena and sludge accumulation. Still, a significant study needs to be conducted to understand the potential of this technology; especially the impact on biological treatment by using different types of microorganisms for different types of wastewaters and the relationship between the biomass within the SBP capsules and the natural microorganisms.

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