Empirical analysis of business growth factors using Swedish data

Per Davidsson, Bruce Kirchhoff, Abdulnasser Hatemi-j, Helena Gustavsson

Research output: Contribution to journalArticlepeer-review

133 Citations (Scopus)


Empirical research conducted on the U.S., German, Australian, and Scottish economies has shown that age, size, location, legal form, and industry are related to business growth. Much of this research has focused on manufacturing firms, thus providing little information about the effect of industrial sector differences on these factors. We seek to both confirm that small independent firms demonstrate the greatest growth rates and to explore the effects of the industrial sector on this conclusion. This article uses Swedish data to replicate previous research while using a different definition of business to enhance the study of effects from industry, international versus domestic businesses, and domestic versus foreign ownership. Results show that business age, beginning size, ownership form, industrial sector, and legal form are the most important factors related to growth. Although business growth differs among industrial sectors, youth, ownership independence, and small size are major factors that underlie growth across all industries.

Original languageEnglish
Pages (from-to)332-349
Number of pages18
JournalJournal of Small Business Management
Issue number4
Publication statusPublished - Oct 2002
Externally publishedYes

ASJC Scopus subject areas

  • General Business,Management and Accounting
  • Strategy and Management
  • Management of Technology and Innovation


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