The growth of firms is a central topic in entrepreneurship research
and much research has been published on the topic. While there are
a number of surveys on the topic of firm growth, these surveys
generally focus on the determinants of firm growth where firm
growth is generally seen as 'more of the same' in the context of a
smoothly-expanding continuous variable that represents firm size.
Lumps, Bumps and Jumps in the Firm Growth Process seeks to
contribute to the literature by taking a different angle to the
phenomenon of firm growth - emphasizing the lumpy nature of growth,
and focusing specifically on the discontinuities in the growth
process. It argues that the most interesting growth events occur
during these discontinuous lumps and spikes in the growth process.
Lumps, Bumps and Jumps in the Firm Growth Process is
multidisciplinary and focuses on various aspects of the growth
process. Section 2 focuses on theoretical aspects of lumpy growth.
Section 3 focuses on empirical research into the lumpiness of firm
growth. Section 4 discusses how empirical research into the
characteristics and performance of High-Growth Firms (HGFs) as well
as searching for regularities in growth paths, growth
autocorrelation patterns, growth spells, and growth spikes. Section
5 discusses some implications of this literature review for
empirical analysis and Section 6 concludes.
General
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