The integrated resource-based and transaction cost approach to the growth process of firms

Аннотация

Company growth, with regard to increasing its scope and size, is at the core of entrepreneurship, strategic management and organization studies, due to the importance and challenging nature of this research problem. Both researchers and policy makers emphasize that the small fraction of high-growth firms contributes disproportionally to the economy by increasing employment, value added and innovation, while the remaining population of firms expands marginally or not at all. Considering the small fraction of high-growers, expansion is rare. Moreover, it demonstrates a considerable heterogeneity, with a large variance of determinants and pathways unexplained in the extant research.