High-growth firms in New Zealand: superstars or shooting stars? (2016)
Type of ContentJournal Article
PublisherUniversity of Canterbury. Management, Marketing, and Entrepreneurship
There is intense policy interest in high-growth firms but the evidence base is weak. This is an empirical study of the origin, demographics, and fate of two cohorts of high-growth firms in New Zealand. Customised data on high-growth firms, covering 1125 and 1067 firms in the 2005 and 2008 cohorts respectively, came from government sources. High-growth firms are smaller; more likely to emerge in service industries; and grow through the creation of multiple separate establishments. The ability to sustain high-growth is independent of firms’ pre-growth age and employment size. High-growth firms have death rates up to four times higher than other contemporary firms, but the survivors do retain their employment size, continuing to contribute disproportionately to employment for some years beyond their initial high-growth phase. The demonstrated inability of high-growth firms to sustain high growth suggests a rethink on how ‘high growth’ is defined, with future research focusing on sustained growth firms.
CitationSatterthwaite, S, Hamilton, R.T. (2016) High-growth firms in New Zealand: superstars or shooting stars?. International Small Business Journal, (Early access online (July 29)), pp. 1-18.
This citation is automatically generated and may be unreliable. Use as a guide only.
Keywordshigh-growth firms; employment; size; age; structure; survival; New Zealand
ANZSRC Fields of Research35 - Commerce, management, tourism and services::3507 - Strategy, management and organisational behaviour::350704 - Entrepreneurship
35 - Commerce, management, tourism and services::3507 - Strategy, management and organisational behaviour::350716 - Small business organisation and management
14 - Economics::1402 - Applied Economics::140202 - Economic Development and Growth
Showing items related by title, author, creator and subject.
Hamilton R; Morrish, Sussie (2022)This paper draws on the experiences of portfolio entrepreneurs and develops new insights into this important mode of business development. Portfolio entrepreneurs own and manage multiple businesses simultaneously, providing ...
Kober R; Akroyd, Chris (Elsevier BV, 2019)In this paper we seek to understand the influence of founders on the design and use of management control systems (MCS) through a theoretical lens known as imprinting. The organizational literature shows that founders are ...
Hamilton RT; Ng PY (2019)This paper investigates the impact of firm size and family influence on innovation in the context of smaller family firms operating in the United Arab Emirates. The owners of family firms typically want their business to ...