What Drives High Growth? Characteristics of Australian Firms

Omer Majeed; Antonio Balaguer; David Hansell; Luke Hendrickson; Abasi Latcham; Tessa Satherley

doi:10.1111/1475-4932.12612

What Drives High Growth? Characteristics of Australian Firms

Omer Majeed^*, Antonio Balaguer, David Hansell, Luke Hendrickson, Abasi Latcham, Tessa Satherley

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

Abstract

Using firm-level data, we analyse the patterns, innovation characteristics and determinants of turnover high-growth firms (HGFs) in Australia. We find most HGFs do not stay in the high-growth phase for long, and following the Global Financial Crisis the proportion of HGFs has declined. For HGFs, the results suggest that innovation in goods and services has a much greater impact on turnover growth than for the average firm. For all firms, innovations in goods and services and marketing, and business focus on innovation contribute to turnover growth. Finally, HGFs generate greater returns on investment in research and development than slower growing firms.

Original language	English
Pages (from-to)	350-364
Number of pages	15
Journal	Economic Record
Volume	97
Issue number	318
DOIs	https://doi.org/10.1111/1475-4932.12612
Publication status	Published - Sept 2021

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abstract = "Using firm-level data, we analyse the patterns, innovation characteristics and determinants of turnover high-growth firms (HGFs) in Australia. We find most HGFs do not stay in the high-growth phase for long, and following the Global Financial Crisis the proportion of HGFs has declined. For HGFs, the results suggest that innovation in goods and services has a much greater impact on turnover growth than for the average firm. For all firms, innovations in goods and services and marketing, and business focus on innovation contribute to turnover growth. Finally, HGFs generate greater returns on investment in research and development than slower growing firms.",

author = "Omer Majeed and Antonio Balaguer and David Hansell and Luke Hendrickson and Abasi Latcham and Tessa Satherley",

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AU - Hansell, David

AU - Hendrickson, Luke

AU - Latcham, Abasi

AU - Satherley, Tessa

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AB - Using firm-level data, we analyse the patterns, innovation characteristics and determinants of turnover high-growth firms (HGFs) in Australia. We find most HGFs do not stay in the high-growth phase for long, and following the Global Financial Crisis the proportion of HGFs has declined. For HGFs, the results suggest that innovation in goods and services has a much greater impact on turnover growth than for the average firm. For all firms, innovations in goods and services and marketing, and business focus on innovation contribute to turnover growth. Finally, HGFs generate greater returns on investment in research and development than slower growing firms.

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JO - Economic Record

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ER -

What Drives High Growth? Characteristics of Australian Firms

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