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 gro...
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Stockholm: Institute of Retail Economics (HFI)
2020
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ftzbwkiel:oai:econstor.eu:10419/246770 2023-12-31T10:23:05+01:00 Amundsen versus Scott: Are growth paths related to firm performance? Coad, Alex Daunfeldt, Sven-Olov Halvarsson, Daniel 2020 http://hdl.handle.net/10419/246770 eng eng Stockholm: Institute of Retail Economics (HFI) Series: HFI Working Paper No. 16 http://hdl.handle.net/10419/246770 RePEc:hhs:hfiwps:0016 http://www.econstor.eu/dspace/Nutzungsbedingungen ddc:330 D22 L25 L26 Firm dynamics Sales growth Firm exit Growth paths Scale-up Postentry growth doc-type:workingPaper 2020 ftzbwkiel 2023-12-04T00:43:11Z 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. Report South pole EconStor (German National Library of Economics, ZBW) |
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Open Polar |
collection |
EconStor (German National Library of Economics, ZBW) |
op_collection_id |
ftzbwkiel |
language |
English |
topic |
ddc:330 D22 L25 L26 Firm dynamics Sales growth Firm exit Growth paths Scale-up Postentry growth |
spellingShingle |
ddc:330 D22 L25 L26 Firm dynamics Sales growth Firm exit Growth paths Scale-up Postentry growth Coad, Alex Daunfeldt, Sven-Olov Halvarsson, Daniel Amundsen versus Scott: Are growth paths related to firm performance? |
topic_facet |
ddc:330 D22 L25 L26 Firm dynamics Sales growth Firm exit Growth paths Scale-up Postentry growth |
description |
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. |
format |
Report |
author |
Coad, Alex Daunfeldt, Sven-Olov Halvarsson, Daniel |
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? |
publisher |
Stockholm: Institute of Retail Economics (HFI) |
publishDate |
2020 |
url |
http://hdl.handle.net/10419/246770 |
genre |
South pole |
genre_facet |
South pole |
op_relation |
Series: HFI Working Paper No. 16 http://hdl.handle.net/10419/246770 RePEc:hhs:hfiwps:0016 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
_version_ |
1786834484515045376 |