Long-Run Drivers of Growth for UK High-Technology Firms
Entrepreneurial Growth: Individual, Firm, and Region
ISBN: 978-1-78560-047-0, eISBN: 978-1-78560-046-3
Publication date: 4 August 2015
Abstract
Despite the importance of high-technology firms to the global economy, relatively little is known about factors contributing to these firms’ long-run growth. We examine these factors using a unique longitudinal dataset combining two waves of detailed surveys of 345 UK high-tech firms with performance data from UK official datasets. Overall we conclude that the early strategic decisions made by firms have long-run impacts on their subsequent growth, and we suggest that policy measures targeted at shortfalls faced by these firms may have positive long-term consequences.
Keywords
Acknowledgements
Ackowledgements
We are grateful to Albert Bravo Biosca, Jerome Katz, Louise Marston, Gordon Murray, Paul Nightingale, and the participants at NESTA research seminars and the ZEW entrepreneurship conference for valuable comments and discussion. This work was partially funded by a grant from NESTA. This work contains statistical data from ONS which is Crown Copyright. The use of the ONS statistical data in this work does not imply the endorsement of the ONS in relation to the interpretation or analysis of the statistical data. This work uses research datasets which may not exactly reproduce National Statistics aggregates. All remaining errors are our own.
Citation
Siepel, J., Cowling, M. and Coad, A. (2015), "Long-Run Drivers of Growth for UK High-Technology Firms", Entrepreneurial Growth: Individual, Firm, and Region (Advances in Entrepreneurship, Firm Emergence and Growth, Vol. 17), Emerald Group Publishing Limited, Leeds, pp. 95-126. https://doi.org/10.1108/S1074-754020150000017012
Publisher
:Emerald Group Publishing Limited
Copyright © 2015 Emerald Group Publishing Limited