Lee, Neil (2011): Free to grow? Assessing the barriers faced by actual and potential high growth firms.
Download (1MB) | Preview
A small proportion of high growth firms create the majority of all new jobs. For policymakers, it is important to know (1) the obstacles faced by high growth firms are and (2) the obstacles faced by firms with the potential to achieve high growth, but which are yet to achieve this. This investigates these issues using the UK Small Business Survey. It highlights six areas where high growth firms experience problems: obtaining finance, cash flow, recruiting staff, skill shortages, managerial skills and the availability and cost of premises. Potential high growth firms argue that cash flow, recruiting, the availability and cost of premises and managerial skills are important. They also argue that competition is a significant obstacle to their growth, perhaps implying their business strategy is problematic.
|Item Type:||MPRA Paper|
|Original Title:||Free to grow? Assessing the barriers faced by actual and potential high growth firms|
|Keywords:||High growth firms; Barriers; gazelles; SMEs; Firm growth|
|Subjects:||L - Industrial Organization > L0 - General
D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L10 - General
|Depositing User:||Dr Neil Lee|
|Date Deposited:||04. Feb 2012 12:25|
|Last Modified:||13. Feb 2013 05:11|
Anyadike-Danes, M., Bonner, K., Hart, M. and Mason, C. 2009.Measuring Business Growth: High-growth businesses and their contribution to employment in the UK. London: NESTA.
Barringer, B. R., Jones, F. F. and Neubaum, D. O. 2005. A quantitative content analysis of the characteristics of rapid-growth firms and their founders.Journal of Business Venturing, 20: 663 – 687.
Bennett, R. 2008. SME policy support in Britain since the 1990s: what have we learnt? Environment and Planning C: Government and Policy 26(2): 375 – 397.
Bhide, A. 2003.The origin and evolution of new businesses. Oxford: OUP.
BIS. 2008.High growth firms in the UK: Lessons from an analysis of comparative UK performance. London: BERR.
BIS. 2010. Internationalisation of innovative and high growth SMEs. London: BIS.
Bryson, A., Dorsett, R. and Purdon, S. 2002. The use of propensity score matching in the evaluation of active labour market policies. London: Department for Work and Pensions.
Caliendo, M. and Kopeinig, S. 2008.Some practical guidance for the implementation of propensity score matching.Journal of Economic Surveys,22 (1): 31 – 72.
Coad, A and Rao, R. 2008. Innovation and firm growth in high-tech sectors: A quantile regression approach.Research Policy, 37 (4) 633-648.
Davis, A. 2011. Beyond the banks: Innovative ways to finance Britain’s small businesses. NESTA Research Summary September 2011.
Henrekson, M. and Johansson, D. 2010. Gazelles as job creators: A survey and interpretation of the evidence. Small Business Economics, 35 (2): 227 – 244.
Hutton, W. and Nightingale, P. 2011. The Discouraged Economy. London: The Work Foundation.
Levy, C., Lee, N. and Peate, A. 2011. Ready, steady, grow? How the government can support the development of more high growth firms. London: The Work Foundation.
Mason, C., Bishop, K. and Robinson, C. 2010. Business growth and innovation: The wider impact of rapidly growing firms in UK city-regions. London: NESTA.
Mason, C. and Brown, R. 2010. High growth firms in Scotland. Glasgow: Scottish Enterprise.
Mason, C. and Brown, R. 2011. Creating good public policy to support high-growth firms. Small Business Economics, Online first: DOI: 10.1007/s11187-011-9369-9.
Nathan, M. and Lee, N. 2011. Does cultural diversity help innovation in cities? Evidence from London’s firms.SERC Discussion Paper69, Spatial Economics Research Centre, LSE.