Firm growth types and key macroeconomic aggregates through the economic cycle
| Autor: | Maks Tajnikar, Nina Ponikvar, Barbara Mörec, Petra Došenović Bonča |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
HF5001-6182 media_common.quotation_subject Monetary economics revenues Industrial policy 0502 economics and business Business cycle Economics Revenue Business 050207 economics media_common Entire population macroeconomic aggregates 05 social sciences growing firms investment Investment (macroeconomics) microeconomic theory of firm fast-growing firms Capital (economics) employment Key (cryptography) Business Management and Accounting (miscellaneous) Prosperity growth types 050203 business & management |
| Zdroj: | Journal of Business Economics and Management; Vol 19 No 1 (2018); 138-153 Journal of Business Economics and Management, Vol 19, Iss 1 (2018) |
| ISSN: | 1611-1699 2029-4433 |
| Popis: | The paper investigates the role and impact of different groups of firms according to their growth type on macroeconomic aggregates at various stages of the economic cycle based on the entire population of firms in Slovenia. The applied classification of growing and fast-growing firms is based on microeconomic theory. Results exhibit that despite larger year-to-year fluctuations, firms with growth towards their long-term equilibrium contributed most to macroeconomic aggregates, i.e. employment, capital and sales, especially in times of economic prosperity. Firms with growth that shifts them closer to their short-term equilibrium proved to be more important primarily for assuring employment stability. Furthermore, we show that using single growth measures prevents us from identifying all growing firms and capturing the true contribution of particular growth groups of firms to studied macroeconomic aggregates. The paper provides both theoretical and empirical information for managers for designing different types of firm growth and enables policy makers to adopt adequate industrial policy measures. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|