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The Service Industries Journal Volume 33, 2013 - Issue 12
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Case studies and practical applications

Firm growth in the Swedish retail and wholesale industries

Sven-Olov Daunfeldt HUI Research, SE-103 29, Stockholm, Sweden; Department of Economics, Dalarna University, SE-781 88, Falun, SwedenCorrespondence[email protected]
,
Åsa Lang Department of Business Administration, Dalarna University, SE-781 88, Falun, Sweden
,
Zuzana Macuchova Department of Human Geography, Dalarna University, SE-781 88, Falun, Sweden
&
Niklas Rudholm HUI Research, SE-103 29, Stockholm, Sweden; Department of Economics, Dalarna University, SE-781 88, Falun, Sweden
Pages 1193-1205 | Received 03 Oct 2011, Accepted 17 Jan 2012, Published online: 20 Sep 2012
 
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Abstract

To identify the determinants of firm growth in the Swedish retail and wholesale industries during 2000–2004, we analyse a sample of 400 limited liability companies using quantile regression techniques. Firm growth was mainly found to depend upon time-invariant firm-specific effects, supporting Penrose's [Citation1959. The theory of the growth of the firm (4th ed.). New York: Oxford University Press] suggestion that internal resources such as firm culture, brand loyalty, entrepreneurial skills, and so on are important determinants of firm growth.

Acknowledgements

We thank Carin Blom for research assistance, and The Swedish Wholesale and Retail Development Council for research funding.

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