Resources-based hyper-growth of firms

Abstract

High-growth firms deserve a relevant role in the ‘real-word’ economy: many scholars have proved that these firms create employment, wealth, and economic growth. For example, in the US, the ‘gazelles’ (i.e., firms in the highest percentiles of the growth rate distribution) account for the largest part of the total increase in the employment rate, although they represent only a very small share of all companies (Birch, 1987). Many scholars have also suggested and proved that firm growth creates employment, wealth and general economic development (e.g. Birch, 1979), so that by understanding high-growth firms, researchers may better understand the features involved with growth and success in general