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Determinants of the prevalence of start-ups and high-growth firms

Davidsson, Per & Henrekson, Magnus (2002) Determinants of the prevalence of start-ups and high-growth firms. Small Business Economics, 19(2), pp. 81-104.

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Abstract

The purpose of this study is to identify key institutional determinants of firm emergence and growth. We do this using various types of data from Sweden. A characterization of a number of institutions and policy measures shows that they are likely to have contributed to an environment that discourages entrepreneurial activity and firm growth. Aspects dealt with include: missing arenas for entrepreneurship in the care sectors and for household-related services, taxation of entrepreneurial income, incentives for wealth accumulation, wage-setting institutions and labor market regulations. Using original data, we provide evidence of a low prevalence of nascent entrepreneurs and a small net employment contribution by high-growth firms. We admit that indisputable evidence for the effects of institutional arrangements is almost impossible to establish. However, the consistency of our theoretical arguments and empirical data makes a strong case for the notion that the Swedish case illustrates the costs of giving too little weight to economic renewal in policy making.

Impact and interest:

61 citations in Scopus
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33 citations in Web of Science®

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ID Code: 5829
Item Type: Journal Article
Keywords: Per Davidsson, Business taxation, Entrepreneurship, High, growth firms, Industrial policy, Nascent entrepreneurs, Swedish model
DOI: 10.1023/A:1016264116508
ISSN: 1573-0913
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Small Business Management (150314)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Innovation and Technology Management (150307)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2002 Springer
Copyright Statement: The original publication is available at SpringerLink http://www.springerlink.com
Deposited On: 06 Mar 2007
Last Modified: 05 Jan 2011 23:29

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