Journal articles: 'Fast-growth firms'

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Wadho, Waqar, and Azam Chaudhry. "Identifying and Understanding High Growth Firms in the Pakistani Textile and Apparel Sectors." LAHORE JOURNAL OF ECONOMICS 24, no. 2 (July 1, 2019): 73–92. http://dx.doi.org/10.35536/lje.2019.v24.i2.a4.

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In this article, we investigate the distinguishing features of fast growing firms in the Pakistani textile and apparel sectors. We find that the distribution of firm growth- both in terms of employment and sales - is very heavily skewed toward the right-tail, confirming earlier findings that firm growth is generated by a very small number of firms. We found that small and young companies grow faster and generate higher employment. We also used various indicators of a firm’s innovation behavior and found that more innovative firms grow faster. Our results suggest that it is not the possession of individual attributes, but rather a combination of particular firm attributes that defines fast growing firms. Specifically, we found that the blend of being small, young and innovative explains the fast growth in firms. on overall these companies also create more jobs.

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Oluwole Binuyo, Adekunle, Hillary Ekpe, and Babatunde Oloyede Binuyo. "Innovative strategies and firm growth: evidence from selected fast moving consumer goods firms in Lagos state, Nigeria." Problems and Perspectives in Management 17, no. 2 (June 6, 2019): 313–22. http://dx.doi.org/10.21511/ppm.17(2).2019.24.

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Critical to the sustainability and continuous success of every organization is the performance concept. Hence, the cardinal goal of every organization is to achieve sustainable progressive performance for their organization. Several factors have been found to contribute to the performance of an organization. While empirical evidence indicated that innovativeness is one of the major determinants of organizational performance, many fast moving consumer goods (FMCG) were slow in their demonstration of innovative capability and it has been noted that the performance of these companies has not been impressive possibly due to the slow pace of innovativeness in the industry. This study thus investigated the effect of innovative strategies on the growth of selected FMCG firms in Lagos state, Nigeria. Survey research design was adopted for the study. The population comprised 1,337 top and middle level management staff of four notable players in the FMCG industry in the state (Honeywell flower mills Plc, Dangote flower mills, Unilever Nigeria Plc, and Cadbury Nigeria Plc). Through proportionate stratified random sampling technique, 400 out of 1,337 were sampled for the study. Four hundred copies of a validated questionnaire with Cronbach’s alpha reliability coefficient ranging from 0.731 to 0.956 were administered to the sample with a response rate of 84.25%. Data were analyzed using both descriptive, as well as inferential statistics. Finding revealed that innovative strategies had a significant effect on growth of FMCG firms in Lagos state, Nigeria (R2 = 0.724, β = 0.887, t = 29.663, P ≤ 0.05). The study recommends that FMCG firms management need to initiate policies that will enhance innovativeness possibly through creation and proper funding of the research and development department to effectively drive growth of FMCG firms.

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Mirvahedi, Saeed, Sussie C. Morrish, and Dmitri Pletnev. "Fast-growth firms and successful environmental entrepreneurs in emerging countries." E3S Web of Conferences 258 (2021): 06019. http://dx.doi.org/10.1051/e3sconf/202125806019.

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Growth is a broad area and many aspect of growth is under research especially in smaller and entrepreneurial firms. Many research show that growth and fast growth happens randomly and is not a continuous phenomenon. In this study, we investigate how successful entrepreneurs grow their firms. The investigation involved ten fast-growth firm cases in Iran -as an emerging economy- in different industries. The research is qualitative and data gathered through semi structured in-depth interviews. After coding, all interviews are mapped. By using Decision Explorer® all causal maps are analyzed. Analysis show that fast growth is a direct outcome of entrepreneurial marketing (EM) practices and indirectly influenced by serendipity. Serendipity is an element observed in many firms that generally occurs at the initial phase of firm formation and could bring great opportunities but indirectly associated with fast-growth. However, serendipity itself is not important but the ability to recognize and exploit opportunity is a crucial activity that entrepreneurs are really great at it. The ability of entrepreneurs to exploit serendipitous opportunities and use entrepreneurial marketing practices in terms of innovative products and activities/process lead to fast growth. Other elements, such as network, innovation, and perseverance, could either directly or indirectly influence growth.

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Tajnikar, Maks, Nina Ponikvar, and Petra Dosenovic-Bonca. "Characteristics of firms with different types of growth: The case of Slovenia." Ekonomski anali 61, no. 208 (2016): 27–47. http://dx.doi.org/10.2298/eka1608027t.

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The authors of this paper develop a new typology of growing and fast-growing firms, based on consistent application of the microeconomic theory of the firm, and thereby addressing some limitations of existing studies that investigate growing and fast-growing firms. A rich database available for the entire population of business entities in Slovenia enables the authors to use the proposed typology and investigate key demographic and other characteristics of firms with different types of growth in the 2007-12 period. The authors conclude that the case of Slovenia and the analysis of firm characteristics confirm the adequacy of the proposed typology.

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Sliwinski, Rafal, and Magdalena Sliwinska. "Growth and internationalization of fast growing firms." Journal of East European Management Studies 21, no. 2 (2016): 231–53. http://dx.doi.org/10.5771/0949-6181-2016-2-231.

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Gu, Zheng, and Luyuan Gao. "A Multivariate Model for Predicting Business Failures of Hospitality Firms." Tourism and Hospitality Research 2, no. 1 (April 2000): 37–49. http://dx.doi.org/10.1177/146735840000200108.

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This study estimated a multivariate discriminant model for predicting hospitality firm bankruptcy. The model has a 93 per cent accuracy in classifying the in-sample firms into bankrupt and non-bankrupt firms. The model suggests that unprofitable firms burdened with debts, short-term debts in particular, are more likely to be candidates for bankruptcy. Fast expansion and sales growth of those firms may increase their bankruptcy likelihood.

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DOŠENOVIĆ BONČA, Petra, Maks TAJNIKAR, Nina PONIKVAR, and Barbara MÖREC. "FIRM GROWTH TYPES AND KEY MACROECONOMIC AGGREGATES THROUGH THE ECONOMIC CYCLE." Journal of Business Economics and Management 19, no. 1 (May 3, 2018): 138–53. http://dx.doi.org/10.3846/16111699.2017.1422798.

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The paper investigates the role and impact of different groups of firms according to their growth type on macroeconomic aggregates at various stages of the economic cycle based on the entire population of firms in Slovenia. The applied classification of growing and fast-growing firms is based on microeconomic theory. Results exhibit that despite larger year-to-year fluctuations, firms with growth towards their long-term equilibrium contributed most to macroeconomic aggregates, i.e. employment, capital and sales, especially in times of economic prosperity. Firms with growth that shifts them closer to their short-term equilibrium proved to be more important primarily for assuring employment stability. Furthermore, we show that using single growth measures prevents us from identifying all growing firms and capturing the true contribution of particular growth groups of firms to studied macroeconomic aggregates. The paper provides both theoretical and empirical information for managers for designing different types of firm growth and enables policy makers to adopt adequate industrial policy measures.

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Santoleri, Pietro. "Innovation and job creation in (high-growth) new firms." Industrial and Corporate Change 29, no. 3 (November 26, 2019): 731–56. http://dx.doi.org/10.1093/icc/dtz059.

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Abstract Recent research has underscored the prominent role played by a small fraction of fast-growing new firms in contributing to aggregate net employment growth. While it is typically assumed that those firms experience this superior performance thanks to their ability in undertaking technological innovation, few empirical studies have explicitly addressed this issue. This article examines the innovation-employment nexus for startups using the Kauffman Firm Survey, a unique longitudinal dataset tracking a single cohort of US firms founded in 2004. Results based on fixed effects panel quantile regressions indicate an overall positive but heterogeneous effect of innovation activities on the conditional employment growth distribution. More in detail, the findings reveal that both research and development and patents have a positive association with employment growth especially for those new firms experiencing high growth.

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Tan Swee Lin, Caroline, and Kosmas X. Smyrnios. "Customer‐Value Based Marketing Activities in Fast‐Growth Firms." Journal of Research in Marketing and Entrepreneurship 9, no. 1 (July 2007): 67–88. http://dx.doi.org/10.1108/14715200780001340.

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Ganguly, Anirban, Chitresh Kumar, Garima Saxena, and Asim Talukdar. "Firms’ Reputation for Innovation: Role of Marketing Capability, Innovation Capability, and Knowledge Sharing." Journal of Information & Knowledge Management 19, no. 02 (April 14, 2020): 2050004. http://dx.doi.org/10.1142/s0219649220500045.

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In the current day competitive business environment, continuous innovation has become a central strategy for most firms. The ability to achieve continuous innovation has been observed to facilitate the growth and profitability of a firm. Innovation can not only lead to new customers and market segments, but it also enables firms to develop a reputation for being innovative. In today’s world of fast-changing preferences and trends, such a reputation for a firm is likely to considerably add to its brand equity and growth prospects. The current study investigates the role of knowledge sharing, innovation capability, and marketing capability in a firm’s reputation for innovation. A set of hypotheses were developed to analyse these relationships using structural equation modelling (SEM). The data were collected from seventy-five (75) senior executives spanning across five different industries in the Indian service and manufacturing sector. The findings of the study indicated that a firm’s reputation for innovation is influenced by factors like innovation capability, which in turn is an outcome of tacit and explicit knowledge sharing within the firm. Further, marketing capability plays a positively moderating role between innovation capability and the firm’s reputation for innovation. Overall, the study highlights that the innovation capability of a firm is a result of tacit and explicit knowledge sharing inside the firm. However, such innovation capability alone is not sufficient for a firm to be viewed as “innovative”. The firm must develop and use appropriate marketing and knowledge management capabilities to highlight such an innovative nature of the firm in order to be viewed as innovative in the market.

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Upton, Nancy, Elisabeth J. Teal, and Joe T. Felan. "Strategic and Business Planning Practices of Fast Growth Family Firms." Journal of Small Business Management 39, no. 1 (January 1, 2001): 60–72. http://dx.doi.org/10.1111/0447-2778.00006.

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Crompton, Bernadette M., Kosmas X. Smyrnios, and Rui Bi. "Measuring the influence of business coaching on fast-growth firms." Small Enterprise Research 19, no. 1 (October 2012): 16–31. http://dx.doi.org/10.5172/ser.2012.19.1.16.

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Bessonova, Evguenia V., Alexander G. Morozov, Natalia A. Turdyeva, and Anna N. Tsvetkova. "Opportunities for accelerating labor productivity growth: The role of small and medium enterprises." Voprosy Ekonomiki, no. 3 (March 10, 2020): 98–114. http://dx.doi.org/10.32609/0042-8736-2020-3-98-114.

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The paper considers necessary conditions for acceleration of labor productivity growth in Russia. Based on micro data, as well as aggregate data, the paper quantifies the contribution of small and medium firms to labor productivity growth. It shows that mere increase of the number of small and medium enterprises is not as important for positive effects of these programs, as qualitative improvements: development of favorable environment for growth, which is largely determined by business climate. Accelerating productivity growth involves redistribution of labor and capital from inefficient to efficient enterprises. In particular, it is necessary to create conditions, which allow a firm to grow after it enters the market instead of stagnating as a small firm with low efficiency. At the same time, it is necessary for ineffective firms, which exhausted their growth potential, to have an opportunity to exit the market easily leaving resources including labor to fast-growing companies.

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Li, Qiuwei, Wei Zhou, Hui Zhou, and Jiaxuan Chen. "Do Board Characteristics Matter for Growth Firms? Evidence from China." Journal of Risk and Financial Management 14, no. 8 (August 17, 2021): 380. http://dx.doi.org/10.3390/jrfm14080380.

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Previous research on the effect of board characteristics mostly examines established firms. This raises the question of whether the findings from the board characteristics literature are applicable to rapidly growing enterprises, as their corporate governance landscape can be very different from that in large, mature companies. Our paper extends the corporate governance literature by investigating the performance implications of board characteristics in startups using a unique set of firms: 121 startups operating in the information technology industry listed on the Growth Enterprise Market (GEM) in China. Using a firm performance indicator constructed through the factor analysis method, we find significant correlations between firm performance and board size, age structure, board meeting frequency, and board ownership of shares. Our findings contribute to the corporate governance literature by shedding new light on the performance implications of board characteristics for startups operating in fast-paced industries.

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TAN, CAROLINE SWEE LIN, and KOSMAS X. SMYRNIOS. "HOW DO AUSTRALIAN FAST-GROWTH SMALL-TO-MEDIUM ENTERPRISES MEASURE PERFORMANCE?" Journal of Enterprising Culture 19, no. 01 (March 2011): 41–60. http://dx.doi.org/10.1142/s0218495811000672.

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Utilizing a case study methodology, this study investigates ways in which fast growth small-to-medium enterprises (FGSMEs) measure firm performance. This investigation, involving 21 interviews with 18 companies, revealed that FGSMEs seem to adopt a multi-level approach involving different sources and contexts to performance measurement. Apart from the application of standard financial performance measures such as profits and growth, FGSMEs also utilize measures of customer satisfaction, attainment of industry awards, receipt of client reports, website popularity, number and quality of successful innovations adopted, objective employee performance indices, and staff retention. Founders highlight the importance of providing employees with flexible environments and career opportunities as a way to reduce churn. These organizational characteristics signal non-financial benefits and incentives of working in these firms to potential employees and customers. These findings are in accord with extant literature and the balanced scorecard perspective, advocating associations between performance measurement systems and management strategies.

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Chen, Sze-Ting, Ren-Cheng Zhang, and Kai Yin Allison Haga. "The Legitimacy of Clustered Firms: A Dynamic Perspective." International Journal of e-Education, e-Business, e-Management and e-Learning 10, no. 2 (2020): 145–66. http://dx.doi.org/10.17706/ijeeee.2020.10.2.145-166.

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A country’s competitive advantage is often characterized on a specific industry in which firms are drastically inclined to clustering together. The previous literature has limited discussion on how the clustered firms through constantly renovate their own abilities and by complying with the institutional legitimacy to gain recognition and support among the other members of the cluster so that they can gain access to cluster’s resources to create and maintain its competitive advantage. Although there are researches focusing on how industrial structure help clustered firms to generate competitive advantages, some empirical studies show that in a fast-changing environment, firms usually fail to adapt to sudden policy or technological changes. Thus, based on dynamic absorption capacity and institutional legitimacy, this study seeks to explore how the clustered firms absorb, learn, integrate and exploit new abilities continuously, as well as develop and utilize external knowledge and capabilities to adapt to rapid environmental changes. In addition, emerging economies have attracted an increasing amount of attention because of rapidly expanding economies and rapid-growth markets provide tremendous business opportunities, especially the China which affects many countries’ economies in the word. The results of this study express that the dynamic absorptive capabilities have positive effect on a clustered firm’s performance, but if a clustered firm always conform to institutional legitimacy which will result in performance dilemma, which is different from other previous research.

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HALL, CHRIS. "SQUEEZING THE ASIAN ENTREPRENEURIAL ENGINE: THE IMPACT OF THE CREDIT SQUEEZE ON SUSTAINABLE ENTREPRENEURIAL JOB CREATION IN ASIA." Journal of Enterprising Culture 08, no. 02 (June 2000): 141–67. http://dx.doi.org/10.1142/s0218495800000097.

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Firms in Japan, China, Indonesia, Korea, and most of the rest of Asia, are now facing a prolonged period of very tight credit. Because many banks in the region need to increase their capital adequacy ratios and reduce their risk exposure, most are now unwilling to lend to small, fast growing firms. However, mounting evidence from OECD suggests that the bulk of net job creation comes from a relatively small proportion of fast growing SMEs. The ability to create new jobs will be especially important in Asia in the coming years, and it is unlikely that government infrastructure projects and large firms will be able to provide the job growth required.

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Mungure, Sheila. "EFFECT OF ECONOMY PRICING STRATEGY ON THE PROFITABILITY OF INSURANCE FIRMS IN KENYA." International Journal of Finance and Accounting 2, no. 3 (February 14, 2017): 24. http://dx.doi.org/10.47604/ijfa.318.

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Purpose: The objectives of the study were to analyze effect of an IPO on the financial performance of listed companies in the Nairobi securities exchangeMethodology:The study will adopt an events study. The target of this study is companies that have issued IPOs and are listed in the Nairobi Securities Exchange.The sample will consist of companies that issued IPOs between 1996 and 2011.Our sample size is 13 listed companies in the NSE (Appendix II).The study will make use of secondary data.Market model will be used in coming up with Expected/Normal Return (R), Abnormal Return (AR), the Cumulative Abnormal Return (CAR) and then lastly, test for the significance of the study.Results:It was also possible to conclude that there was a positive but insignificant relationship between mean market return and PBT.It was psosoble to conlude that the mean abnormal retruns after the IPO were higher than before IPOIt was possible to conclude that going public allows the firm to enhance its bargaining power with bankers and financial creditors, and consequently reduces the firm’s cost of credit. It is also possible to conclude that selling shares to the public enhances a firm’s financial flexibility by generating additional sources of capital to finance growth and expansion and these is reflected by the high share prices. The study also concludes that increase in investor recognition and shareholder base due to an IPO lowers the firm’s cost of equity; enhances stock liquidity which is valuable for managerial incentive schemes, which inturn turn increases firm value. .Policy recommendation: The study recommends that the current efforts of listing small firms/SMEs should be fast tracked so as to facilitate the listing of small firms. It was recommended that the listed companies to go public as this enhances a firm’s financial flexibility by generating additional sources of capital to finance growth and expansion. This is reflected in their share prices.The study recommends that each county should have security exchange so that the private firms in the county can be listed. It was recommended that CMA should encourage firms to list as doing so would increases investor recognition and shareholder base which would lowers the firm’s cost of equity and improves frims value

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Broitman, Dani, Itzhak Benenson, and Daniel Czamanski. "The Impact of Migration and Innovations on the Life Cycles and Size Distribution of Cities." International Regional Science Review 43, no. 5 (March 23, 2020): 531–49. http://dx.doi.org/10.1177/0160017620914061.

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We present a comprehensive agent-based model of a closed system of cities. The model includes two types of agents—employees and firms. Firms compete for workers and make decisions concerning what to produce and whether to adopt innovations. Individual employees make migration decisions. Some migrants become intrapreneurs when their employers adopt production process innovations that they propose. Some migrants become entrepreneurs when the product innovations that they propose are implemented by their employers in new subsidiary firms. These firms tend to be technological leaders. The decisions of individuals and of firms generate innovation–migration dynamics that generate a variety of city sizes. A city that is home to firms that are currently relatively attractive to migrating innovators experience moderate or fast growth. Because of particular decision patterns by individuals and firms, this growth may decline and stop, and the city may stagnate and loose workers as its relative attractiveness decreases. Cities that remain unattractive for long periods can stop growing and shrink. We model explicitly the extent to which cities attract immigrants and innovators and demonstrate that the size distribution of cities is defined by the ability of its resident firms to adopt the innovations and to let the product innovators establish technologically advanced enterprises. These decisions result in high market value of the most productive firms, of the entire industrial system the city where the firm is located, and of the entire urban system.

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Raju, Sunitha, and V. Raveendra Saradhi. "What Ails India’s Electronic Manufacturing Industry: An Assessment." Indian Economic Journal 68, no. 4 (December 2020): 610–32. http://dx.doi.org/10.1177/0019466221998621.

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Manufacturing imperatives of the electronics industry require technological capability across components to develop a strong supply base. With domestic value addition being less than 25%, catapulting domestic production capability would necessitate promoting productivity enhancing innovations at the firm level, particularly in design and development capabilities. For assessing the technological orientation of the electronics manufacturing Industry, the empirical investigation of this article focuses on two important channels of influence, namely imports and firm productivity and exports and firm productivity under a liberalised regime, thereby identifying the determinants of production growth of electronics manufacturing in India. The econometric analysis has underlined the low technological capability of manufacturing firms. While the import of raw material is significant for both domestic-oriented and export-oriented firms, import of capital goods is significant for only export-oriented firms. Further, R&D expenditure is low which is statistically significant. Taken together, these results highlight that high imports are on account of domestic non-availability, and imports have substituted domestic R&D that underlines low technological capability of Indian firms. Further, export-oriented firms have technologically advanced products possibly to face the competitive pressures in the international market. To supplement these insights, the descriptive analysis focused on the trade orientation of the sample firms and cost structure in determining their market behaviour. The share of firms engaging in domestic activity surged post liberalisation, suggesting that the focus was primarily on fast expanding domestic market. As such, import engagement has increased significantly but export engagement has decreased. This suggests that imports have not facilitated export growth but only bridged the gap of non-availability of inputs domestically. The analysis of cost structure points to a decline in the share of capital goods and R&D, both implying lack of technological capability of the firms. Further, increasingly firms are turning to trading, that is, import of finished goods. As such, to promote a conducive manufacturing ecosystem, there is a need to promote technological capability and encourage export orientation of the firms. JEL Codes: F10, F14, L63

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Bessonova, E. V., and A. N. Tsvetkova. "Productivity growth and inefficient firms’ exit from the market." Journal of the New Economic Association 48, no. 4 (2020): 185–96. http://dx.doi.org/10.31737/2221-2264-2020-48-4-8.

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Many industries of the Russian economy show lower productivity at the aggregated level than in advanced countries. The low productivity level is in large part due to the widening efficiency gap between leader companies and a large group of low productive firms in individual industries. Among low productive firms, the catching-up impulse is concentrated in a small group of young and fast growing companies. In recent years, the number of such companies has not been large enough to scale down the heterogeneity of productivity. If the scarring effect of the crisis provoked by the coronavirus pandemic dominates the Russian economy and number of start-ups with growth potential decreases, this will aggravate the problem of already existing heterogeneity of productivity across firms and the lack of catching-up growth of most low productive companies. Acceleration of productivity growth requires coordinated economic policy fostering competition; improving people’s education level and labour mobility; Russian companies’ entry in foreign markets and integration in value chains; firms’ exit from the informal sector; innovation and adaptation of new technologies; access to finance, especially for SMEs.

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RYDEHELL, HANNA, ANDERS ISAKSSON, and HANS LÖFSTEN. "EFFECTS OF INTERNAL AND EXTERNAL RESOURCE DIMENSIONS ON THE BUSINESS PERFORMANCE OF NEW TECHNOLOGY-BASED FIRMS." International Journal of Innovation Management 23, no. 01 (January 2019): 1950001. http://dx.doi.org/10.1142/s1363919619500014.

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This study examines the effects of new technology-based firms (NTBFs) internal and external resources on their early business performance. Based on a large unique dataset of 401 newly started NTBFs, we find that founders’ business experience and their firms’ proximity to other firms positively affect early business performance. Growth orientation is found to be negatively related to business performance, which might suggest a certain level of over-optimism among entrepreneurs with aspiration to grow fast.

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Zif, Jehiel. "Choosing the Rate of Global Market Expansion by Entrepreneurial Firms." International Journal of Business Administration 11, no. 4 (June 10, 2020): 13. http://dx.doi.org/10.5430/ijba.v11n4p13.

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This paper outlines a rational for assessing the rate of global market expansion by entrepreneurial firms. Many entrepreneurial firms are dependent for their success on global market expansion. This is especially true about firms from relatively small countries. One can conceive of two major and opposing strategies for market expansion: market diversification and market concentration. The first strategy implies a fast penetration into a large number of markets in order to achieve fast growth and a first mover advantage. The second strategy is based on concentration of resources in a few markets and gradual expansion into new territories in order to test the response before committing too much effort. The paper is updating prior work on market expansion, taking into account entrepreneurial firms in the digital age. Firms with digital products don’t have to depend on foreign distribution networks and they have new opportunities for fast entry into foreign markets. We propose a concise framework for determining the preferred rate of market expansion utilizing two key variables: the potential response function of customers and the complexity of the product. The paper include a discussion of ways to assess customers’ response to entrepreneurial innovation and additional factors that can influence the market expansion decision.

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Verdier, Sylvie, Christiane Prange, Tugrul Atamer, and Philippe Monin. "Internationalization performance revisited: the impact of age and speed on sales growth*." Management international 15, no. 1 (February 15, 2011): 19–31. http://dx.doi.org/10.7202/045622ar.

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Internationalization process theories have been dominated by the Uppsala theory and the new venture theory: they provide explanations for slow international growth by mature firms and fast international growth by young firms, but fail to consider other combinations of age and speed. This article sketches a 2*2 matrix and explores the performance differentials of four internationalization patterns. Building on early empirical evidence from the retailing industry (1998-2004), the combination of young and slow internationalization is preferable to other options, while a young age is generally more likely to yield internationalization performance than any combination of mature internationalization with slow or accelerated speed.

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Hammer, Nikolaus, and Réka Plugor. "Disconnecting Labour? The Labour Process in the UK Fast Fashion Value Chain." Work, Employment and Society 33, no. 6 (May 30, 2019): 913–28. http://dx.doi.org/10.1177/0950017019847942.

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This article focuses on the interlinkages between the labour process and global value chains. It draws on the renewed growth in UK apparel manufacturing, specifically within the fast fashion value chain, and asks how value chain requirements are translated into the labour process as well as how the latter enables quick response manufacturing. The case study shows how buyer-lead firms engender accelerated capital circuits of fast fashion which rely on an increased segmentation of manufacturers and workers, the elimination of unproductive spaces in the labour process, and a further rise in the informalisation and precarity of labour. The article demonstrates a strategic disconnection within the fast fashion value chain: upstream manufacturers are only able to satisfy lead firms’ economic and operational standards if they disconnect – informalise – labour from the latter’s ‘ethical’ standards.

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Tubaishat, Hamza, Refaat Faouri, and Hussam Alshammar. "Exponential Organizations Hypergrowth Strategies And Firm Performance: The Moderating Role of Firm Size And Marketing Spending." Regular Issue 5, no. 7 (March 30, 2021): 112–21. http://dx.doi.org/10.35940/ijmh.f1262.035721.

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With the increasing concerns of hypergrowth in order to compete in the international markets and survive, this study aids all firms in various industries, entrepreneurs and decision makers and draw their attention to business models and hypergrowth strategies that are applied by the fast-growing firms in the world. This study investigates the impact of hypergrowth strategy- leveraging assets that developed by Salim, (2014) and firm performance in exponential organizations; The sample size tested constituted of (34) exponential organizations form the fortune 500 and multiple regressions via Stata version 15 was applied for the time period of (2016-2019). Preliminary analysis was conducted to check the assumptions related to the regression models which include unit root, autocorrelation, residuals normality and heteroskedasticity issues. The results showed significant positive relationships between Growth in Fixed Assets (leveraging Assets strategy) and firm performance measured by ROA and ROE whereas, the moderating role of marketing spending and firm size showed insignificant impact in the relationship.

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Tubaishat*, Hamza, Refaat Faouri, and Hussam Alshammari. "Exponential Organizations Hypergrowth Strategies and Firm Performance: The Moderating Role of Firm Size and Marketing Spending." International Journal of Management and Humanities 5, no. 7 (March 30, 2021): 112–21. http://dx.doi.org/10.35940/ijmh.g1262.035721.

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With the increasing concerns of hypergrowth in order to compete in the international markets and survive, this study aids all firms in various industries, entrepreneurs and decision makers and draw their attention to business models and hypergrowth strategies that are applied by the fast-growing firms in the world. This study investigates the impact of hypergrowth strategy- leveraging assets that developed by Salim, (2014) and firm performance in exponential organizations; The sample size tested constituted of (34) exponential organizations form the fortune 500 and multiple regressions via Stata version 15 was applied for the time period of (2016-2019). Preliminary analysis was conducted to check the assumptions related to the regression models which include unit root, autocorrelation, residuals normality and heteroskedasticity issues. The results showed significant positive relationships between Growth in Fixed Assets (leveraging Assets strategy) and firm performance measured by ROA and ROE whereas, the moderating role of marketing spending and firm size showed insignificant impact in the relationship.

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Lehrer, Mark, and Stefan Schmid. "Strategic discipline: inconspicuous lessons from Germanic Mittelstand firms." Journal of Business Strategy 41, no. 4 (June 19, 2019): 3–9. http://dx.doi.org/10.1108/jbs-03-2019-0058.

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Purpose The purpose of this paper is to develop the hitherto unexplored concept of strategic discipline. Design/methodology/approach Three fairly iconic firms of the Germanic Mittelstand (ALDI, Stihl and Hipp) are examined. The meaning and relevance of strategic discipline is derived. Findings Intuitively, strategic discipline may seem like the antipode to the much-discussed concept of pivoting. In fact, strategic discipline is shown to be the natural corollary of strategic pivoting as a successive phase in a company’s development. Research limitations/implications In fast-moving or fast-changing environments, strategic discipline may be inappropriate. Furthermore, the exercise of strategic discipline can restrain growth. Once firms have attained a certain size and saturation of the market, the desire for further growth may entail a willingness to loosen the hold of strategic discipline. Practical implications Strategic discipline can enable firms to avoid falling into common strategic pitfalls. From this paper, the authors distill three basic dimensions of strategic discipline: cultivating simplicity, resisting short-term temptations and focusing on implementability. Originality/value The success of firms depends as much on the strategic choices they make as upon the strategic choices they decide not to make. Most prior research has focused on the visible strategy choices companies have made a lot more than on the practically invisible history of strategic choices that firms have not made. This contribution does the opposite, filling an evident gap.

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Abu Jahed, Mohammed, Mohammed Quaddus, and Anil Gurung. "Towards a Comprehensive Model of SCM Adoption and Practice in the Fast Fashion Apparel Industry." International Journal of Information Systems and Supply Chain Management 14, no. 4 (October 2021): 72–93. http://dx.doi.org/10.4018/ijisscm.2021100104.

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Along with the phenomenal growth in fast fashion, the industry is beset with many challenges. Topping the list are design, production, and supply of the fast fashion apparel (FFA). Adoption and effective use of supply chain management (SCM) practices in the FFA industry have become indispensable to achieve this. However, there is a gap in the fast fashion literature on the appropriate modeling of adoption and practice of SCM. In addressing this research gap, this study builds a comprehensive model of SCM adoption and practice by extracting relevant factors and variables from FFA manufacturing firms via qualitative field study. This study is one of the first to analyze SCM adoption from the diffusion of innovation theory perspective in the fashion industry. While existing literature does not clearly differentiate between SCM adoption and practice, this research underpins that the diffusion of SCM practices within FFA firms must go through stages of adoption and practice for successful wide-scale implementation.

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Perks, Keith J. "Influences on strategic management styles among fast growth medium-sized firms in France and Germany." Strategic Change 15, no. 3 (2006): 153–64. http://dx.doi.org/10.1002/jsc.752.

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Lema, Rasmus, Axel Berger, and Hubert Schmitz. "China's Impact on the Global Wind Power Industry." Journal of Current Chinese Affairs 42, no. 1 (March 2013): 37–69. http://dx.doi.org/10.1177/186810261304200103.

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China's economic rise has transformed the global economy in a number of manufacturing industries. This paper investigates whether China's transformative influence extends to the new green economy. Drawing on the debate about how China is driving major economic changes in the world – the “Asian drivers” debate – it identifies five corridors of influence and investigates their relevance for the wind energy industries. Starting with the demand side, it suggests that the size and rapid growth of the Chinese market have a major influence on competitive parameters in the global wind power industry. While Western firms have found ways of participating in the growth of the Chinese market, the government's procurement regimes benefit Chinese firms. The latter have invested heavily and learned fast, accumulating production capabilities that have led to changes in the global pecking order of lead firms. While the combined impact of Chinese market and production power is already visible, other influences are beginning to be felt – arising from China's coordination, innovation and financing power.

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Jones, Derek C., and Takao Kato. "The Scope, Nature, and Effects of Employee Stock Ownership Plans in Japan." ILR Review 46, no. 2 (January 1993): 352–67. http://dx.doi.org/10.1177/001979399304600209.

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Using data for various years, including new data for 1973–84, the authors examine the scope, nature, determinants, and effects of Japanese employee stock ownership plans (ESOPs). In 1988, of firms listed on Japan's eight stock exchange markets, 91% had an ESOP, and the average (non-executive) employee plan participant owned stock worth about $14,000. Probit estimates for a sample of manufacturing firms show that firms were more likely to adopt ESOPs when recent business performance was below average, the capital/labor ratio was relatively low, and employment growth was relatively fast. Evidence is also found that ESOPs enhanced enterprise productivity. The authors argue that ESOPs have played an important, and largely overlooked, role in the success of the Japanese economy over the past two decades.

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Miozzo, Marcela, and Lori E. DiVito. "Growing fast or slow?: variety of paths and speed of early growth of science-based firms." Academy of Management Proceedings 2016, no. 1 (January 2016): 10301. http://dx.doi.org/10.5465/ambpp.2016.10301abstract.

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Paleari, Stefano, Lucio Cassia, Tommaso Minola, and Giordano Cogliati. "Are hyper-growth firms inherently different? Preliminary evidence from a sample of fast-growing European SMEs." International Journal of Entrepreneurial Venturing 1, no. 1 (2015): 1. http://dx.doi.org/10.1504/ijev.2015.10001824.

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Minola, Tommaso, Giordano Maria Cogliati, Lucio Cassia, and Stefano Paleari. "Are hyper-growth firms inherently different? Preliminary evidence from a sample of fast-growing European SMEs." International Journal of Entrepreneurial Venturing 9, no. 2 (2017): 122. http://dx.doi.org/10.1504/ijev.2017.086482.

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Krasniqi, Besnik A. "Building an Expanded Small Firm Growth Model in a Transitional Economy: Evidence on Fast Growing Firms." Journal of East-West Business 18, no. 3 (July 2012): 231–73. http://dx.doi.org/10.1080/10669868.2012.728903.

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Holzl, W. "Persistence, survival, and growth: a closer look at 20 years of fast-growing firms in Austria." Industrial and Corporate Change 23, no. 1 (December 23, 2013): 199–231. http://dx.doi.org/10.1093/icc/dtt054.

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Machado, Márcio André Veras, and Robert William Faff. "Asset growth and stock return: evidence in the Brazilian market." Revista Contabilidade & Finanças 29, no. 78 (June 18, 2018): 418–34. http://dx.doi.org/10.1590/1808-057x201805080.

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Abstract Empirical evidence suggests that firms which have experienced fast growth, through increased external funding and by making capital investments and acquisitions, tend to show bad operating performance and lower stock returns, whereas firms that have experienced contraction, through divestiture, share repurchase and debt retirement, tend to show good operating performance and higher stock returns. So, this study aimed to analyze the relationship between asset growth and stock return in the Brazilian stock market, and it tested the hypothesis that asset growth is negatively related to future stock return. To do this, the methodology was divided into 3 steps: verifying 1) if asset growth anomaly exists; 2) if this relation may be explained by the investment friction hypothesis and/or by the limits-to-arbitrage hypothesis; and 3) if asset growth is a risk factor or mispricing. In addition, the analysis was carried out both at a portfolio level and an individual assets level. The sample included all the non-financial firms listed at B3 from June 1997 to June 2014. As for the main results, this study found that the asset growth effect exists, both at the portfolio level and the individual assets level, although it is sensitive to the proxy. About the effect’s materiality, this study concluded that the asset growth effect is not economically relevant, since it is not observed in big firms, regardless of the proxy used, a fact that makes it difficult to explore this effect. Another finding is that the asset growth effect may not be related to the limits-to-arbitrage hypothesis and to the financial constraint hypothesis; also, this effect may be considered a risk factor, suggesting that the investment effect documented in the Brazilian stock market may be explained by the rational asset pricing perspective. Therefore, capital market professionals should take into account the asset growth factor in asset pricing models for better investment risk assessment.

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Божко, Леся Михайловна. "THE DEVELOPMENT OF GAZELLE FIRMS: THE FEATURES AND THE FACTORS OF SUCCESS." Вестник Тверского государственного университета. Серия: Экономика и управление, no. 3(51) (October 22, 2020): 59–67. http://dx.doi.org/10.26456/2219-1453/2020.3.059.

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Цель статьи состоит в обнаружении особенностей развития фирм-газелей, выявлении факторов их быстрого роста. Развитие малого и среднего бизнеса сдерживается рядом факторов. Средние предприятия имеют по сравнению с малыми дополнительные проблемы, если они стремятся к росту. Это обстоятельство влияет на численность средних предприятий. Между тем среди организаций малого и преимущественно среднего бизнеса есть быстрорастущие компании - фирмы-газели. Такие компании успешно преодолевают проблемы развития и способны генерировать динамичный рост. В статье проанализированы сведения о динамике и характере развития отечественных фирм-газелей, показатели работы фирм-газелей. Элементами научной новизны являются раскрытие особенностей развития фирм-газелей, установление факторов, способствующих росту компаний. Автором уделено особое внимание рассмотрению характера проводимых изменений в фирмах-газелях. Организационные изменения в таких фирмах проводятся на инновационной основе и содержат проработанную маркетинговую составляющую. The purpose of the article is to detect the peculiarities of gazelle firms` development, to identify their rapid growth`s factors. The development of small and medium-sized businesses is constrained by a number of factors. Medium-sized enterprises have additional problems compared to small ones if they seek growth. This factor affects the number of medium-sized enterprises. Meanwhile, among small and mainly medium-sized businesses there are fast-growing companies - gazelle companies. These companies overcome development problems successfully and are able to generate dynamic growth. The information about the dynamics and nature of development of domestic gazelle firms is analyzed, their indicators are presented in the article. The author disclosed the features of the gazelle firms` development, established factors that contribute to the growth of companies. Special attention is paid to the nature of the changes in gazelle firms. Organizational changes in these firms are carried out on an innovative basis and contain an elaborate marketing component.

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Ma, Shiguang, and Liangbo Ma. "The association of earnings quality with corporate performance." Pacific Accounting Review 29, no. 3 (August 7, 2017): 397–422. http://dx.doi.org/10.1108/par-02-2016-0014.

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Purpose The aim of this paper is to investigate the association of earnings quality with corporate performance of publicly listed firms of China and tries to provide a new explanation. Poor earnings quality is normally characterized by unhealthy profitability and/or untrue financial information, which leads to a misallocation of capital and low corporate performance. The largest emerging economy of China has experienced a fast and fluctuant growth, while the companies have been thought of low earnings quality. Design/methodology/approach Initial univariate and multivariate analyses are conducted using four earnings quality measures and either accounting-based corporate performance or market-based corporate performance. Further analyses apply unmanaged earnings, earnings-increase management and financially distressed firms. Findings The authors find that low earnings quality is associated with high corporate performance for the Chinese publicly listed firm in their sample period. Further evidence shows that earnings management is only a contributor to the negative relationship, not its main driver. They argue that the negative association of earnings quality with corporate performance is a phenomenon of a new emerging market within an economy booming period, particularly in China. Research limitations/implications The results and argument of this paper may not totally follow the traditional literature. But they provide a new research question that requires further studies. Originality/value In theoretical discussion, this paper partitions earnings quality into two components: One results from reporting accuracy and the other results from firm’s operating outcome. In empirical analyses, this paper examines both accounting-based performance and market-based performance, and both managed earnings and unmanaged earnings.

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Ofoegbu, Onyema E., and Paul Ayobami Akanbi. "The Influence Of Strategic Agility On The Perceived Performance Of Manufacturing Firms In Nigeria." International Business & Economics Research Journal (IBER) 11, no. 2 (January 23, 2012): 153. http://dx.doi.org/10.19030/iber.v11i2.6769.

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Strategic agility is learning to make fast turns and being able to transform and renew the organization without losing momentum. Strategic agility can bring about organizations that can produce the right products and services at the right place at the right time at the right price and for the right customers. Manufacturing firms and indeed all organizations that are strategically agile can contribute immensely to the achievement of the millennium development goals by contributing to economic growth. This paper examined the impact of strategic agility on the perceived performance of some selected manufacturing firms in Awe, Oyo, Oyo State Nigeria. The study employed survey research using questionnaire to collect data from all categories of workers in the two selected manufacturing firms. Two hundred and ten subjects responded to the questionnaire. Five hypotheses were tested using multiple regression, t-test, correlation analysis and analysis of variance. The study indicated that strategic agility as measured by strategic sensitivity, collective commitment or leadership unity and resource fluidity can have a significant impact on the performance of manufacturing firms. Based on the findings, it was recommended that firms should be proactive rather than reactive in order to promptly and effectively deal with changes taking place in the complex business environment and also improve their performance.

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Greene, Francis J., and Alessandro Rosiello. "A commentary on the impacts of ‘Great Lockdown’ and its aftermath on scaling firms: What are the implications for entrepreneurial research?" International Small Business Journal: Researching Entrepreneurship 38, no. 7 (October 8, 2020): 583–92. http://dx.doi.org/10.1177/0266242620961912.

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This commentary argues that scaling fast growth firms drive economic development, even in recessionary periods. While the coronavirus induced the ‘Great Lockdown’ and its aftermath poses particular challenges, we argue that the crisis presents the entrepreneurial scholarly community with an opportunity to re-orientate our research. Rather than more narratives of business success in the face of adversity, the Great Lockdown presents us with a fresh opportunity to examine how scaling is affected by context, by luck and by the porous nature of business growth. In so doing, our hope is that it will encourage our community to adopt a more proactive agenda to support policy makers and entrepreneurs.

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Heneman, Robert L., Judith W. Tansky, and S. Michael Camp. "Human Resource Management Practices in Small and Medium-Sized Enterprises: Unanswered Questions and Future Research Perspectives." Entrepreneurship Theory and Practice 25, no. 1 (October 2000): 11–26. http://dx.doi.org/10.1177/104225870002500103.

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A qualitative assessment is used to identify and describe the “gaps” between concerns entrepreneurs have about human resource management issues in growing small and medium-sized enterprises (SMEs) and the topics emphasized in the research literature on human resource practices in SMEs. Survey data from 156 young entrepreneurs, focus group data from 173 CEO/founders of fast-growth entrepreneurial firms, and 129 research articles were reviewed. Results revealed gaps and omissions in the literature, Including the importance to entrepreneurs of developing high-potential employees that can perform multiple roles under various stages of organizational growth and the matching of people to the organizational culture. Recommended perspectives for future research are identified.

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Srinivasan, R. "Suprajit Engineering Limited." Asian Journal of Management Cases 10, no. 1 (March 2013): 77–95. http://dx.doi.org/10.1177/0972820112471260.

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Suprajit Engineering Limited (SEL) was set up by Mr Ajith Kumar Rai, who serves as its Managing Director, when he returned as a fresh graduate from Canada. Foreseeing a boom in the country’s automobile market, Ajith decided to establish an automotive cable-manufacturing unit. His clarity of vision convinced TVS Motors to invest in setting up Suprajit Engineering as a small, one-unit firm in Bangalore, a fast-growing Indian metro. Beginning in 1987 as a small-scale automotive cable manufacturer, Suprajit is now a public listed company, with some of the world’s biggest automobile companies as clients, products spanning a wide range of automotive and non-automotive parts and eleven manufacturing units. This case traces the inspiring story of Suprajit Engineering Limited and aims to highlight the reasons behind Suprajit’s success and is intended to demonstrate rapid growth strategies of entrepreneurial firms.

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Пиньковецкая, Ю. С. "Estimation the share of enterprises with high rates growth in number of employees according to data for 2020." Voprosy regionalnoj ekonomiki, no. 2(47) (June 18, 2021): 185–92. http://dx.doi.org/10.21499/2078-4023-2021-47-2-185-192.

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Цель статьи заключалась в оценке показателей, описывающих удельные веса быстрорастущих предприятий и предприятий с высоким потенциалом роста численности работников, в общем количестве активных предприятий по регионам России. Исследование основывалось на официальных статистических данных за 2020 год. В процессе исследования были изучены следующие показатели: удельный вес быстрорастущих предприятий, удельный вес предприятий с высоким потенциалом роста, удельный вес количества таких предприятий в общем количестве активных предприятий. Aim of paper is to measure the indicators describing the specific weight of fast-growing enterprises and enterprises with a high potential for increase in quantity of workers in the whole quantity of active organizations in the regions of Russia. The study was based on official statistics for 2020. In the discussing research, such indicators were studied: the share of fast-growing enterprises, the share of enterprises with high growth potential, the share of quantity of that organizations in the whole quantity of active firms.

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JACKSON, PAUL, and NANCY RICHTER. "SITUATIONAL LOGIC: AN ANALYSIS OF OPEN INNOVATION USING CORPORATE ACCELERATORS." International Journal of Innovation Management 21, no. 07 (September 19, 2017): 1750062. http://dx.doi.org/10.1142/s1363919617500621.

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Open innovation is an innovation framework proposing that established firms use external sources as pathways to new ideas, technologies, business models and markets. Within this framework, established companies can use startups, or young, growth-oriented business to help them achieve radical or breakthrough innovations. In this paper, we focus on established firms which use “corporate accelerators” to run fast-moving, competitive programs in which startup companies participate. Our purpose is to identify inhibitors to the collaboration between established firms and startups in these accelerator programs. We conducted 27 interviews with participants from startups, established companies using startups as innovators, and the accelerator management who provided the platform for this engagement. Our theoretical framework is the social realist theory of Margaret Archer. This provides a conceptualisation of the reflexivity of the participants and the “situational logic” of conflict and competition in which they find themselves. We found that collaboration will be inhibited by conflicts in basic beliefs, or propositions, about concepts such as authority, autonomy and risk, as well as competition for material resources and personal goals.

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Bi, Rui, Robert Davidson, Booi Kam, and Kosmas Smyrnios. "Developing Organizational Agility through IT and Supply Chain Capability." Journal of Global Information Management 21, no. 4 (October 2013): 38–55. http://dx.doi.org/10.4018/jgim.2013100103.

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Organizations have increasingly invested money in information technology (IT) in order to improve their agility. It is generally believed that organizations with greater IT investment tend to be more agile to response to environmental changes. However, the issue of whether IT is an enabler or impeder of organizational agility still remains unresolved. Drawing upon resource-based view theory and the literatures of information systems and supply chain management, the authors develop and test a theoretical model that integrates IT capability, supply chain capability and organizational agility. The authors propose that IT capability enables the development of a higher level of supply chain capability which is embedded within inter-firm processes and in turn enhances organizational agility. Structural equation modelling is employed to test their theoretical conceptualization of 310 Australian fast-growth small-to-medium enterprises across different industrial sectors. The results show that IT capability does contribute to firm agility through enhancing inter-firm supply chain processes such as integration, information sharing and coordination. This research highlights the role of IT-enabled intermediated processes and the ways in which IT is used by firms to enhance core business processes.

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Miozzo, Marcela, and Lori DiVito. "Growing fast or slow?: Understanding the variety of paths and the speed of early growth of entrepreneurial science-based firms." Research Policy 45, no. 5 (June 2016): 964–86. http://dx.doi.org/10.1016/j.respol.2016.01.011.

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Grimshaw, Damian, and Marcela Miozzo. "Institutional Effects on the IT Outsourcing Market: Analysing Clients, Suppliers and Staff Transfer in Germany and the UK." Organization Studies 27, no. 9 (June 28, 2006): 1229–59. http://dx.doi.org/10.1177/0170840606064103.

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Drawing on empirical evidence in Germany and the UK, this article examines the institutional effects on a fast-growing area of knowledge-intensive business services — IT outsourcing. This is an important area for research since the IT outsourcing market provides many organizations with an important specialized production input and is characterized by complex inter-organizational relations. By exploring institutional influences in the context of IT outsourcing, the research extends earlier studies on how client–supplier relations shape markets for business services. It also contributes to varieties of capitalism debates by highlighting heterogeneous institutional effects within countries and common systemic trends (involving powerful multinational IT firms) in the development of the market for IT outsourcing. Comparative analysis of 13 IT outsourcing contracts in Germany and the UK, focusing on the organizational practices of client organizations and IT firms, illuminated institutional effects within the organizational setting. Analysis of industrylevel data shows that the diverse institutional contexts of Germany and the UK provided an equally favourable basis for growth in the IT outsourcing market, despite its apparent deregulatory bias. But significant institutional effects were observed, specifically related to: the role of deliberative institutions (especially works councils); and institutions governing technical standards and contracting rules. Strong deliberative institutions in Germany facilitated market growth since transactions involved distributive dilemmas, particularly related to staff transfer. Also, while institutions shaped technical and contractual expertise of client managers, they were not deterministic. Instead, they interacted with characteristics of the IT outsourcing market, namely: heterogeneous client practices to improve absorptive capacity; public vs. private contracting experience; and power relations between client and IT firm in their use of market discipline.

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Cheng, Gong. "A GROWTH PERSPECTIVE ON FOREIGN RESERVE ACCUMULATION." Macroeconomic Dynamics 19, no. 6 (March 10, 2014): 1358–79. http://dx.doi.org/10.1017/s1365100513000862.

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Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and underdevelopment of the domestic financial market. As domestic firms are credit-constrained, domestic saving instruments are necessary to increase their retained earnings in order to invest in capital. The central bank plays the role of a financial intermediary and provides liquid public bonds while investing the bond proceeds abroad in the form of foreign reserves. Foreign reserve accumulation is thus part of a catching-up strategy in an economy facing financial frictions. During economic transition, foreign reserve accumulation is proved to be welfare-improving as long as private capital flows are controlled. This joint strategy enables the central bank to channel sufficient external funding to the domestic economy while keeping domestic interest rates under control to cope with positive productivity shocks.

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Journal articles on the topic 'Fast-growth firms'

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