Strategic entrepreneurship can be described as simultaneous opportunity seeking and advantage seeking. Younger firms are generally more flexible and therefore enjoy 'discovery advantages', whereas established firms tend to be resource rich and more experienced and consequently enjoy...

This paper investigates the decision by Small and Medium Enterprises (SMEs) to raise funding via the sale of equity. Prior theoretical and empirical work on the ‘pecking order’ of funding has indicated that we should not expect SMEs to prefer equity funding over internal funding and external...

Previous research suggests that small and medium sized enterprises (SMEs) can acquire new knowledge when operating and in international markets and, thereby, enrich their limited resource base. In this study, we examine the growth implications of this new knowledge. Building on the...

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...

This study investigates the role of high growth firms for the creation of new employment in Sweden during the 1987-96 period. Our data set is unique in the sense that it captures both enterprise and company group levels of analysis, and in that organic growth can be separated from growth through...