{"title":"Growth and innovation during economic shocks: A case study for characterising growing small firms","authors":"Serdal Temel , Helena Forsman","doi":"10.1016/j.scaman.2022.101220","DOIUrl":null,"url":null,"abstract":"<div><p>Why do some firms successfully grow while others are severely affected by economic shocks? Does innovation play any role in this? By adopting a multi-theoretical approach, this study explores the characteristics of firms that grew during the Great Recession (2008–2009). The data were collected from 12 small firms located in Finland, Ireland and the UK. Furthermore, this study elaborates the entrepreneurship and management literature by characterising the firms that thrived during the recession. The findings reveal the uniform characteristics of four grower types: gazelles, high relative growers, high absolute growers and high growers of both. It can be concluded that there are more homogeneous characteristics within the grower profiles than across the profiles, suggesting that firms growing during the Great Recession comprise an internally heterogeneous group of businesses. We found that innovation is the only common characteristic of firms that grew during these economic shocks.</p></div>","PeriodicalId":47759,"journal":{"name":"Scandinavian Journal of Management","volume":null,"pages":null},"PeriodicalIF":2.0000,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Scandinavian Journal of Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0956522122000276","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 2
Abstract
Why do some firms successfully grow while others are severely affected by economic shocks? Does innovation play any role in this? By adopting a multi-theoretical approach, this study explores the characteristics of firms that grew during the Great Recession (2008–2009). The data were collected from 12 small firms located in Finland, Ireland and the UK. Furthermore, this study elaborates the entrepreneurship and management literature by characterising the firms that thrived during the recession. The findings reveal the uniform characteristics of four grower types: gazelles, high relative growers, high absolute growers and high growers of both. It can be concluded that there are more homogeneous characteristics within the grower profiles than across the profiles, suggesting that firms growing during the Great Recession comprise an internally heterogeneous group of businesses. We found that innovation is the only common characteristic of firms that grew during these economic shocks.
期刊介绍：
The Scandinavian Journal of Management (SJM) provides an international forum for innovative and carefully crafted research on different aspects of management. We promote dialogue and new thinking around theory and practice, based on conceptual creativity, reasoned reflexivity and contextual awareness. We have a passion for empirical inquiry. We promote constructive dialogue among researchers as well as between researchers and practitioners. We encourage new approaches to the study of management and we aim to foster new thinking around management theory and practice. We publish original empirical and theoretical material, which contributes to understanding management in private and public organizations. Full-length articles and book reviews form the core of the journal, but focused discussion-type texts (around 3.000-5.000 words), empirically or theoretically oriented, can also be considered for publication. The Scandinavian Journal of Management is open to different research approaches in terms of methodology and epistemology. We are open to different fields of management application, but narrow technical discussions relevant only to specific sub-fields will not be given priority.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
