Entrepreneurship, Competitiveness and Local Development Frontiers in European Entrepreneurship Research
Frontiers in European Entrepreneurship Research
Edited by Luca Iandoli, Hans Landström and Mario Raffa
Chapter 6: Start-ups in the Netherlands: A Longitudinal Study on the Factors for Growth
6. Start-ups in the Netherlands: a longitudinal study on the factors for growth Petra Gibcus, Pauline de Jong-’t Hart and Ron Kemp INTRODUCTION The dynamics and growth of ﬁrms are considered to be important for enhancing economic growth, and growth is an issue at all times. Growing ﬁrms are a stimulus for the economic development of nations (Audretsch et al., 2004). Not surprisingly, the growth of ﬁrms and growth patterns have received much attention from researchers during the last two decades (Bruno et al., 1992; Welbourne et al., 1998; Brown et al., 2001; Delmar et al., 2003; Bosma et al., 2004, Garnsey et al., 2006). Bangma and Verhoeven (2000) found four diﬀerent types of growth patterns in the Netherlands: fast-growing ﬁrms, those growing at a normal rate, stable ﬁrms and shrinking businesses. This classiﬁcation of ﬁrms in a growth pattern is not stable over time. Fast-growing companies do not go on growing rapidly for years. Even over a short time horizon the dynamics are considerable. Fast-growing ﬁrms accounted for almost 44 per cent of employment creation between 1998 and 2002 (Bangma et al., 2005). More importantly Bangma and Verhoeven (2000) note that start-ups in particular show (fast) growth. From an organizational point of view, growth is an important issue as well. Growth is often seen as an important performance measure that gives insight into the vitality and competitiveness of the company. For start-ups, growth in the ﬁrst years is often a prerequisite for survival. On a general level,...
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