Mercedes Teruel and Gerrit de Wit present the first empirical analysis of high-growth firms at the country level. They find indicative empirical evidence for three driving forces of high growth: entrepreneurship, institutional setting and opportunities for growth. They also investigate three specific channels of influence toward high-growth firms: enrolment in tertiary education; entrepreneurial motives associated with growth-oriented ambitions; and the promotion of entrepreneurship as a desirable career choice. Besides, they consider the possible impact of institutions and whether fast-growing firms are more probable in dynamic economic environments offering greater business opportunities.
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Front Matter
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PART I: Entrepreneurship and formal and informal institutions
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PART II: Entrepreneurial choice, orientation and success
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PART III: Entrepreneurial behaviors
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PART IV: Entrepreneurial finance, growth and economic crises
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PART V: Entrepreneurship, social dimensions and outcomes
