Firm creation and economic transitions

Jackson, John E.; Klich, Jacek; Poznańska, Krystyna

doi:10.1016/s0883-9026(98)00029-9

Cited by 27 publications

(18 citation statements)

References 9 publications

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“…Only empirical investigation can reveal whether this leads to different results concerning our hypotheses. Second, it may be speculated that in "transition economies" (Jackson, Klich, & Poznanska, 1999;Peng & Heath, 1996) the rapid development may provide stronger reasons to try to "grow profitable," aiming at future harvest, than is the case in the economies we have studied. To the best of our knowledge, the time periods studied in the respective countries were not characterized by any extreme conditions in terms of business cycle or otherwise.…”

Section: Limitationsmentioning

confidence: 96%

Growing profitable or growing from profits: Putting the horse in front of the cart?

Davidsson

Steffens

Fitzsimmons

2009

Journal of Business Venturing

268

216

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Firm growth is almost universally portrayed as a good thing, and is commonly used as a measure of success. Applying resource-based reasoning, we argue that growth is often not a sign of sound development. Specifically, we hypothesize that firms which grow without first securing high levels of profitability tend to be less successful compared to firms that first secure high profitability at low growth. Empirical tests using two large, longitudinal data sets confirm that the profitable low growth firms are both more likely to reach the desirable state of high growth and high profitability and have a decreased risk of ending up performing poorly on both performance dimensions. The results suggest that academics, managers, investors and policymakers may benefit by adopting a more nuanced view of firm growth that explicitly incorporates its intricate relationship with profitability.

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Section: Limitationsmentioning

confidence: 96%

Growing profitable or growing from profits: Putting the horse in front of the cart?

Davidsson

Steffens

Fitzsimmons

2009

Journal of Business Venturing

268

216

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“…Experiences from many other countries suggest that entrepreneurship has a significant impact on economic development (e.g. Jackson, Klich, and Poznanska 1999;Pisani and Pagan 2004;Martinez 2005). This is also the case in China.…”

Section: Introductionmentioning

confidence: 99%

Regional deregulation and entrepreneurial growth in China's transition economy

Zhou

2011

Entrepreneurship & Regional Development

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Despite a less favourable national institutional environment, the private entrepreneurial sector has developed rapidly in China's transition economy. To resolve this puzzle, this study argues that regional deregulation plays a significant role in China's entrepreneurial growth because it stimulates free markets and lifts predatory and discriminatory regulatory policies affecting entrepreneurship. I use provincial-level panel data (1998)(1999)(2000)(2001)(2002)(2003) for hypothesis testing. The results, based on fixed effects estimation, suggest that deregulation indeed has a significantly positive effect on entrepreneurial growth within regions. In addition, this effect is found to be stronger in earlier years, as well as among less developed, inland regions.

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“…Because of their role in creating wealth, the significance of creating new firms to a successful transition of planned economies can not be ignored or downplayed (Johnson and Loveman 1995;Kornai 1990). Indeed, Jackson et al (1999) demonstrated that the successful transformation of the Polish economy depended on the creation of new firms rather than the restructuring of existing firms.…”

Section: Introductionmentioning

confidence: 99%

Entrepreneurial intent in a transitional economy: an application of the theory of planned behavior to Romanian students

2008

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This study examines entrepreneurial intent in Romanian students using the Theory of Planned Behavior (Ajzen, Adv. Exp. Soc. Psychol., 20:1-63, 1987). Using multiple regression analyses to test for mediation, we analyzed survey data from 324 Romanian students. Some of our findings were consistent with the Theory of Planned Behavior, while others were not. As expected, we found that self-efficacy and the desirabilities associated with creating a venture were positively related to entrepreneurial intent. However, surprisingly, we found that the more supportive the students' referents were, the less likely the students were to have intentions of starting a business.

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Firm creation and economic transitions

Cited by 27 publications

References 9 publications

Growing profitable or growing from profits: Putting the horse in front of the cart?

Growing profitable or growing from profits: Putting the horse in front of the cart?

Regional deregulation and entrepreneurial growth in China's transition economy

Entrepreneurial intent in a transitional economy: an application of the theory of planned behavior to Romanian students

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