Empirical exploration of a cohort of new technology-based firms in Sweden: what happens to them during their early years?
Book chapter, 2018

This chapter contributes to the current understanding of new technologybased firm growth. We find a surprisingly high survival rate (70 per cent) for the 2006 cohort of NTBFs at the end of 2014 and this rate is much higher than those reported in previous studies. Additionally, we find that very few firms experience high-growth during their first seven years (0.6 to 3 per cent from the cohort) and that, among the high-growth firms, employment growth and sales growth are highly correlated. To address the challenges of measuring growth for new and small firms, we show the
potential usefulness of the kink-point approach. Researchers can use this approach to capture much of the growth excluded in other measures, for example, the OECD measure.

Survival

Growth

Technology-Based Firms

Author

Heikki Rannikko

Metropolia University of Applied Sciences

Erno T. Tornikoski

Grenoble Ecole de Management (GEM)

Anders Isaksson

Chalmers, Technology Management and Economics, Innovation and R&D Management

Hans Löfsten

Chalmers, Technology Management and Economics, Innovation and R&D Management

Hanna Rydehell

Chalmers, Technology Management and Economics, Innovation and R&D Management

The Dynamics of Entrepreneurial Contexts

166-204

Subject Categories

Economics

Business Administration

Driving Forces

Innovation and entrepreneurship

More information

Created

5/20/2018