Firm-level, macroeconomic, and institutional determinants of firm growth : evidence from Europe

Burger, Anže (author), Jaklič, Andreja (author), Knez, Klemen (author), Kotnik, Patricia (author), Rojec, Matija (author)

To 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.

• Language: English
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Version of Record
• Year: 2024
• Number of pages: Str. 81-103
• Numbering: Vol. 26, iss. 2, article no. 2
• PID: 20.500.12556/RUL-164762
• UDC: 658
• ISSN on article: 2335-4216
• DOI: 10.15458/2335-4216.1336
• COBISS.SI-ID: 198079491
• Publication date in RUL: 11.11.2024

Record is a part of a journal

• Title: Economic and business review
• Publisher: Ekonomska fakulteta
• ISSN: 2335-4216
• COBISS.SI-ID: 268649216

Licences

• License: CC BY-NC-ND 4.0, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
• Link: http://creativecommons.org/licenses/by-nc-nd/4.0/
• Description: The most restrictive Creative Commons license. This only allows people to download and share the work for no commercial gain and for no other purposes.

Secondary language

• Language: Slovenian
• Keywords: podjetje, rastoče podjetje, management, enterprises, growing company, management

Projects

• Funder: ARIS - Slovenian Research and Innovation Agency
• Project number: P5-0117-2018
• Name: Trajnostna konkurenčnost slovenskega gospodarstva v evropskem in globalnem okviru

• Funder: ARIS - Slovenian Research and Innovation Agency
• Project number: JP-9332
• Name: JP-9332