A replication study on growth paths of young firms: Evidence from German administrative data
| Autor: | Arndt Werner, Hans-Jürgen Wolter, Stefan Schneck |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
business.industry
05 social sciences Turnover tax 050105 experimental psychology language.human_language Replication (computing) German Management of Technology and Innovation Manufacturing 0502 economics and business language 0501 psychology and cognitive sciences Demographic economics Business Business and International Management 050203 business & management Panel data |
| Zdroj: | Journal of Business Venturing Insights. 16:e00246 |
| ISSN: | 2352-6734 |
| DOI: | 10.1016/j.jbvi.2021.e00246 |
| Popis: | This replication study contributes to the lively debate about firm-specific growth paths of new firms. Utilizing rich German administrative panel data (i.e., 895,459 young firms that submitted a turnover tax preregistration form between 2001 and 2011), the study empirically revisits new firms’ growth paths as documented in the JBV Insights paper of Coad et al. (2015). In line with their results, the empirical findings of this study corroborate that (a) growth paths of young firms are erratic, meaning that such growth paths cannot be easily sorted into a meaningful taxonomy and (b) young firms rarely persistently experience comparably high growth in sales over time. In addition, an analysis of the characteristics of persistently growing firms suggests that these tend to invest more in their founding period and are typically founded in the manufacturing industry. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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