How young firms achieve growth: reconciling the roles of growth motivation and innovative activities

Alexander McKelvie, Anna Brattström, Karl Wennberg

Research output: Contribution to journalArticle

16 Scopus citations

Abstract

Growth orientation is important for understanding why some young firms grow but not others, but research remains silent on the intermediary mechanisms mediating the growth orientation–firm growth relationship. We study 282 Swedish firms and show that various innovative activities mediate the growth orientation–firm growth relationship. These mediating innovative activities include informal activities and the launch of new products, but not formal R&D. Our findings offer a more complete explanation for how growth orientation translates into realized growth, serving to reconcile empirical inconsistencies about the relationship between innovation and young firm growth.

Original languageEnglish (US)
Pages (from-to)1-21
Number of pages21
JournalSmall Business Economics
DOIs
StateAccepted/In press - Mar 8 2017

Keywords

  • Growth
  • Growth orientation
  • Innovation
  • R&D
  • Young firms

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'How young firms achieve growth: reconciling the roles of growth motivation and innovative activities'. Together they form a unique fingerprint.

  • Cite this