Edith Penrose's theory of firm growth postulates that a firm's current growth rate will be influenced by the adjustment costs of, and changes to a firm's productive opportunity set arising from, previous growth. Although she explicitly considered the effect of previous organic growth on current...

In this book, three leading scholars have integrated some of their most important research in order to answer these questions on firm growth. The result is a volume that builds on studies of many thousands of firms in several different projects. It offers deep insights into the firm growth...

Principal Topic : According to Shane & Venkataraman (2000) entrepreneurship consists of the recognition and exploitation of venture ideas - or opportunities as they often called - to create future goods and services. This definition puts venture ideas is at the heart of entrepreneurship...

Principal Topic : Nascent entrepreneurship has drawn the attention of scholars in the last few years (Davidsson, 2006, Wagner, 2004). However, most studies have asked why firms are created focussing on questions such as what are the characteristics (Delmar and Davidsson, 2000) and motivations...

Principal Topic: In this study we investigate how strategic orientation moderates the impact of growth on profitability for a sample of Danish high growth (Gazelle) firms. ---------- Firm growth has been an essential part of both management research and entrepreneurship research for decades...

Principal Topic: Resource decisions are critical to the venture creation process, which has important subsequent impacts on venture creation and performance (Boeker, 1989). Most entrepreneurs however, suffer substantial resource constraints in venture creation and during venture growth...

Stevenson (1983) holds that entrepreneurial management, defined as a set of opportunity-based man-agement practices, can help firms remain vital and contribute to firm and societal level value creation. While his conceptualization has received much attention, little progress has been made...

H. H. Stevenson suggests that firms’ management practices range along a spectrum from highly entrepreneurial to highly administrative. At the entrepreneurial end are promoter firms with a focus on new opportunities and at the administrative end are trustee firms with an inward focus on...

'Introduction' In their path-breaking article, Low & MacMillan (1988) suggest that entrepreneurship be defined as the 'creation of new enterprise'. The purpose of entrepreneurship research should be to 'explain and facilitate the role of new enterprise in furthering economic progress' (p. 141)....

When the first author reviewed the literature on small firm growth in the mid 1980’s for his disserta-tion work, he noted that surprisingly few studies had focused on that specific problem (Davidsson 1989a; 1989b). Today, this is no longer true. In recent years ever more comprehensive lists of...