The Dynamics between Entrepreneurship, Environment and Education
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The Dynamics between Entrepreneurship, Environment and Education

Edited by Alain Fayolle and Paula Kyrö

This book introduces the expanding European dialogue between entrepreneurship, environment and education. It considers the shape, dimensions and horizon of this multidisciplinary landscape in entrepreneurship research. The striking differences and contradictions in entrepreneurial activities, readiness and innovativeness within European countries and the proactive attitude and activities of European competitors impose a demand for a better understanding of the complex dynamics.
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Chapter 10: An Empirical Taxonomy of Start-up Firms’ Growth Trajectories

Mahamadou Biga Diambeidou, Damien François, Benoît Gailly and Vincent Wertz


10. An empirical taxonomy of start-up firms’ growth trajectories Mahamadou Biga Diambeidou, Damien François, Benoît Gailly, Michel Verleysen and Vincent Wertz INTRODUCTION Over the past decades, new and small firm growth has received considerable attention from researchers and policy-makers around the world. New firms have been identified as engines of growth, innovation and wealth creation (Audretsch and Thurik, 2000; Birch, 1981; Davidsson, 1995; Davidsson et al., 1998; Levie, 1997; OECD, 1994, 1998, 2002; Storey, 1994; Welbourne, 1997). Indeed empirical evidence indicates that only a small proportion of firms account for a significant percentage of new job creation. Those firms often accelerate the development of new technologies and products that play a fundamental role in the prosperity of many countries (Birch et al., 1997; Julien et al., 2001; Storey, 1997). New firms are therefore a key element in regional economic development, and represent as such an interesting research subject. Despite their importance to regional development, knowledge about new firm growth is still scattered (Davidsson and Wiklund, 2000; Delmar, 1997) and little knowledge is available regarding how firms grow and perform over time (Geroski, 2001). This can be partly attributed to methodological problems, such as the difficulties experienced in identifying entrepreneurial firms. For example, to this concern Gibb and Davies (1990) argued that it is illusory to think that it would be possible to detect this kind of firm or to produce a complete ideal model. Other international studies concluded that a ‘typical’ high-growth firm does not...

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