Rezumat articol ediţie STUDIA UNIVERSITATIS BABEŞ-BOLYAI

În partea de jos este prezentat rezumatul articolului selectat. Pentru revenire la cuprinsul ediţiei din care face parte acest articol, se accesează linkul din titlu. Pentru vizualizarea tuturor articolelor din arhivă la care este autor/coautor unul din autorii de mai jos, se accesează linkul din numele autorului.

 
       
         
    STUDIA NEGOTIA - Ediţia nr.1 din 2010  
         
  Articol:   CE FACE O FIRMĂ DE MARE DE CREŞTERE ÎN SPANIA? O ANALIZĂ DE PROBITATE FOLOSIND DATELE LA NIVEL DE ÎNTREPRINDERE / WHAT MAKES A HIGH-GROWTH FIRM IN SPAIN? A PROBIT ANALYSIS USING FIRM-LEVEL DATA.

Autori:  PALOMA LOPEZ-GARCIA, SERGIO PUENTE. 		 
       
         
  Rezumat:  Many studies have established that a small number of firms, known as fast-growth firms or Gazelles, create most of the new jobs. In spite of the importance of this topic from a policy-point of view, most of those studies are descriptive and limited to a comparison of the characteristics of the high-growth group with respect to a control group of firms. This paper, on the other hand, performs a multivariate analysis of the determinants of the fast growth of Spanish firms controlling for the possible endogeneity of some variables. We use for that purpose a firm-level database with information for about 200,000 Spanish firms per year between 1996 and 2003. We find that being a start-up increases the probability of fast growth by more than 30pp, conditioned on having survived over the period. Firms with initial higher relative wages and debt ratio, up to a certain point, also experience higher chances of fast growth. Hence, as it was established elsewhere, better access to finance and to human capital are key to increase the number and growth of Gazelles. We also find that high-growth firm sustain their expansion with relatively more debt and fixed-term contracts than the rest of the firms in the sample.

Keywords: High-growth firms; Gazelles; Probit analysis; Firm-level data
  
         
     
         
         
      Revenire la pagina precedentă