ORCID
A. Burger: https://orcid.org/0000-0001-8027-9993
A. Jaklič: https://orcid.org/0000-0001-5118-9112
P. Kotnik: https://orcid.org/0000-0002-2603-4108
Keywords
Firm growth, Firm-level determinants, Internal determinants, Country-level determinants, Institutional determinants
Abstract
To examine the main drivers of firm growth, we estimated a model integrating firm-level, industry-specific as well as country-level determinants, aiming at a comprehensive explanation of firm growth. We used a large dataset of European firms for the 2005–2017 period and combined Amadeus firm-level data with macroeconomic variables and multidimensional measures of institutional framework, based on a range of sources. Using different panel regression model specifications, we found the most consistent relationships for firm-level determinants. Among country-level determinants, infrastructure quality, inward FDI, natural resources, and inequality show a consistently positive and significant relation with firm growth.
Recommended Citation
Burger, A., Jaklič, A., Knez, K., Kotnik, P., & Rojec, M. (2024). Firm-Level, Macroeconomic, and Institutional Determinants of Firm Growth: Evidence From Europe. Economic and Business Review, 26(2), 81-103. https://doi.org/10.15458/2335-4216.1336
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
