Firm growth from a knowledge


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Firm growth from a knowledge

Show simple item record Laursen, Keld, Volker, Per Mahnke, Vejrup-Hansen 2010-06-30 2010-06-30T10:57:34Z 2010-06-30T10:57:34Z 2010-06-30
dc.identifier.isbn 8778730813
dc.description.abstract Although there are several theories of growth of the firm, the literature is limited in two interrelated respects. First, empirical evidence does not match well theoretical predictions. Second, the firm growth literature does not address the structure of knowledge both in firms and sectors as well as knowledge flows between them. Based on existing theoretical and empirical literature, the paper outlines an ‘appreciative’ theory of firm growth and presents new testable hypotheses to inform present and future empirical research. The paper seeks to address this gap by analysing not only levels of human capital, but also its composition both on a firm and sector level. A key departure from earlier approaches is the inclusion of the role of ‘knowledge structures’ played in the growth of the firm. In this context make a distinction between (a) levels of human capital available to firms, (b) the composition of various kinds of human capital (‘firm- specific’, ‘industry-specific’, and ‘general knowledge’) contained, and (c) the diversity of knowledge domains represented to characterise the knowledge structure of firms. In addition, we present our first empirical results, using the knowledge structure approach. In the first part of our empirical analysis we find – while controlling for intial size and industry affiliation – that the availability of a high fraction of employees with higher education within each establishment (an aspect of ‘general kowledge’), is in general conducive to establishment growth. In the second part of the empirical analysis, we find important sectoral differences with respect to the ability of the level of formal education to explain firms growth. en_US
dc.format.extent 35 s. en_US
dc.language eng en_US
dc.relation.ispartofseries DRUID;99-11
dc.subject.other firm growth, human capital, knowledge structure en_US
dc.title Firm growth from a knowledge en_US
dc.type wp en_US
dc.accessionstatus modt10jun30 siso en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Innovation og Organisationsøkonomi en_US
dc.contributor.departmentshort INO en_US
dc.contributor.departmentuk Department of Innovation and Organizational Economics en_US
dc.contributor.departmentukshort INO en_US
dc.idnumber 8778730813 en_US Frederiksberg en_US
dc.publisher.year 1999 en_US

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