Amundsen versus Scott: Are growth paths related to firm performance?
In the race to the South Pole, Roald Amundsen’s expedition covered an equal distance each day, irrespective of weather conditions, while Scott’s pace was erratic. Amundsen won the race and returned without loss of life, while Scott and his men died. We investigate how firms’ sales growth deviate fro...
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ftrepec:oai:RePEc:hhs:hfiwps:0016 2024-04-14T08:19:45+00:00 Amundsen versus Scott: Are growth paths related to firm performance? Coad, Alex Daunfeldt, Sven-Olov Halvarsson, Daniel https://handelnsforskningsinstitut.se/wp-content/uploads/2020/12/hfiwp16-1.pdf unknown https://handelnsforskningsinstitut.se/wp-content/uploads/2020/12/hfiwp16-1.pdf preprint ftrepec 2024-03-19T10:38:13Z In the race to the South Pole, Roald Amundsen’s expedition covered an equal distance each day, irrespective of weather conditions, while Scott’s pace was erratic. Amundsen won the race and returned without loss of life, while Scott and his men died. We investigate how firms’ sales growth deviate from the long-run average growth path. Our baseline results suggest that growth path volatility is associated with higher growth of sales and profits, but is also associated with higher exit rates. This is driven by firms with negative growth rates. For positive-growth firms, volatility is negatively associated with both sales growth and survival. Firm dynamics; Sales growth; Firm exit; Growth paths; Scale-up; Postentry growth Report South pole RePEc (Research Papers in Economics) South Pole |
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In the race to the South Pole, Roald Amundsen’s expedition covered an equal distance each day, irrespective of weather conditions, while Scott’s pace was erratic. Amundsen won the race and returned without loss of life, while Scott and his men died. We investigate how firms’ sales growth deviate from the long-run average growth path. Our baseline results suggest that growth path volatility is associated with higher growth of sales and profits, but is also associated with higher exit rates. This is driven by firms with negative growth rates. For positive-growth firms, volatility is negatively associated with both sales growth and survival. Firm dynamics; Sales growth; Firm exit; Growth paths; Scale-up; Postentry growth |
format |
Report |
author |
Coad, Alex Daunfeldt, Sven-Olov Halvarsson, Daniel |
spellingShingle |
Coad, Alex Daunfeldt, Sven-Olov Halvarsson, Daniel Amundsen versus Scott: Are growth paths related to firm performance? |
author_facet |
Coad, Alex Daunfeldt, Sven-Olov Halvarsson, Daniel |
author_sort |
Coad, Alex |
title |
Amundsen versus Scott: Are growth paths related to firm performance? |
title_short |
Amundsen versus Scott: Are growth paths related to firm performance? |
title_full |
Amundsen versus Scott: Are growth paths related to firm performance? |
title_fullStr |
Amundsen versus Scott: Are growth paths related to firm performance? |
title_full_unstemmed |
Amundsen versus Scott: Are growth paths related to firm performance? |
title_sort |
amundsen versus scott: are growth paths related to firm performance? |
url |
https://handelnsforskningsinstitut.se/wp-content/uploads/2020/12/hfiwp16-1.pdf |
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South Pole |
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South Pole |
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South pole |
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South pole |
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https://handelnsforskningsinstitut.se/wp-content/uploads/2020/12/hfiwp16-1.pdf |
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1796297842939133952 |