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Further publications: Werner Hölzl (48 hits)

This paper explores the structural determinants of high-growth firm shares in Austrian regions. The regional level of analysis allows one to uncover regularities that are not detectable in firm-level studies. It is found that lower mobility barriers, firm exits and technological opportunities, measured by digitalization intensities, and, to a lesser extent, agglomeration effects are associated with a larger share of high-growth firms. The results suggest that comparisons of shares of high-growth firm across countries and regions should consider differences in the industrial structures together with the often-emphasized differences in policies and regulations.
Vortrag, 12.-13.9.2019
Vortrag an der ENEF 2019 in Wien
Vortrag, Brussels, 14.3.2019
Organised by: European Economic and Social Committee
Online since: 10.01.2020 12:19
in: Elias G. Carayannis, Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship
Book chapters, contributions to collected volumes, 2019, pp.734-738
Computational Management Science, 2019, (4), pp.621-649
We empirically explore the effect of broad firm strategies on firm growth using a representative sample of manufacturing firms from the European Community Innovation Survey 2012. We consider broad strategies related to innovation and marketing, cost efficiency, building alliances with other firms and institutions, organisational flexibility, and new geographical markets as explanatory factors of firm growth. Splitting our sample into frontier economies and catching-up countries accounts for different contexts that affect the interplay of strategy and firm growth. We implement quantile regressions to estimate conditional coefficients across the distribution of employment-based firm growth rates. High firm growth in frontier countries is associated with innovation, strategic alliances, and organisational flexibility. High firm growth in catching-up economies is supported by internationalisation strategies and strategic alliances. We find in addition that in catch-up countries being part of a foreign owned firm is conducive to high growth. Cost savings are negatively associated with firm growth in both country groups and marketing strategies do not seem to be associated with rapid firm growth.