Garnsey, Elizabeth; Stam, Erik; Heffernan, Paul - In: Industry and Innovation 13 (2006) 1, pp. 1-20
This paper provides an approach to new firm growth that views this as an unfolding developmental process. This approach is based on a Penrosean (1995) model of the firm. We find that new firm growth is non-linear and prone to interruptions and setbacks to an extent overlooked in the literature....
