Firm-level, macroeconomic, and institutional determinants of firm growthBurger, Anže (Avtor) Jaklič, Andreja (Avtor) Knez, Klemen (Avtor) Kotnik, Patricia (Avtor) Rojec, Matija (Avtor) firm growthfirm-level determinantsinternal determinantscountry-level determinantsinstitutional determinantsTo examine the main drivers of firm growth, we estimated a model integrating firm-level, industry-specific as well as country-level determinants, aiming at a comprehensive explanation of firm growth. We used a large dataset of European firms for the 2005–2017 period and combined Amadeus firm-level data with macroeconomic variables and multidimensional measures of institutional framework, based on a range of sources. Using different panel regression model specifications, we found the most consistent relationships for firm-level determinants. Among country-level determinants, infrastructure quality, inward FDI, natural resources, and inequality show a consistently positive and significant relation with firm growth.20242024-11-11 09:21:04Članek v reviji164762sl