Small Business Economics

, Volume 43, Issue 4, pp 743–749 | Cite as

Firm growth and innovation

  • David B. Audretsch
  • Alex Coad
  • Agustí SegarraEmail author


In recent years, there has been an increase in empirical and theoretical work that addresses the role of innovation as one of the main sources of firm growth. The purpose of this special issue is to strengthen the role played by innovation as a determinant of firm growth. Despite the emergence of a vast empirical literature on whether innovative firms grow more quickly in terms of sales and employees, a number of crucial questions and answers remain. While a large number of applied papers observe a positive link between innovation and firm growth, the complexity of R&D activities, together with the diversity of innovation strategies and the multiplicity of growth modes, requires a multidimensional approach to examine the contribution of innovations on firm growth. To shed light on the link between firm’ growth and innovation sources, we organized a meeting of leading scholars of firm’ growth and innovation. The papers of this special issue were presented at the workshop on ‘Firm growth and innovation’ held on 28 and 29 June, 2012, in Tarragona, Spain. The papers that compose this special issue deal in depth with innovation activity, firm growth and the interaction between firm growth and innovation.


Firm growth Innovation Persistence R&D 

JEL Classifications

L11 L25 L26 O31 


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Papers from the workshop

  1. Audretsch, D. B., Segarra, A., & Teruel, M. (2014). Why not all young firms invest in R&D. Small Business Economics. doi: 10.1007/s11187-014-9561-9
  2. Coad, A., & Guenther, C. (2014). Processes of firm growth and diversification: Theory and evidence. Small Business Economics. doi: 10.1007/s11187-014-9566-4
  3. Deschryvere, M. (2014). R&D, firm growth and the role of innovation persistence: analysis of Finnish SMEs and large firms. Small Business Economics. doi: 10.1007/s11187-014-9559-3
  4. Hervas-Oliver, J. L., Sempere-Ripoll, F., & Boronat-Moll, C. (2014). Process innovation strategy in SMEs, organizational innovation and performance: a misleading debate? Small Business Economics.doi: 10.1007/s11187-014-9567-3
  5. Navaretti, G. B., Castellani, D., & Pieri, F. (2014). Age and firm growth. Evidence from three European countries. Small Business Economics. doi: 10.1007/s11187-014-9564-6
  6. Segarra, A., & Teruel, M. (2014). High-growth firms and innovation: An empirical analysis for Spanish firms. Small Business Economics. doi: 10.1007/s11187-014-9563-7
  7. Triguero, A., Cuerva. M., & Córcoles, D. (2014). Persistence of innovation and firm’s growth: Evidence from a panel of SME and large Spanish manufacturing firms. Small Business Economics.doi: 10.1007/s11187-014-9562-8
  8. van Stel, A., Millán, J. M., & Román, C. (2014). Investigating the impact of the technological environment on survival chances of employer entrepreneurs. Small Business Economics. doi: 10.1007/s11187-014-9565-5

Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  • David B. Audretsch
    • 1
  • Alex Coad
    • 2
    • 3
    • 4
  • Agustí Segarra
    • 5
    Email author
  1. 1.Institute for Development StrategiesIndiana UniversityBloomingtonUSA
  2. 2.SPRU – Science and Technology Policy Research, BMEcUniversity of SussexBrightonUK
  3. 3.Department of Business and ManagementAalborg UniversityAalborg ØDenmark
  4. 4.RATIO InstituteStockholmSweden
  5. 5.Research Group of Industry and Territory, Department of Economics – CREIPUniversitat Rovira i VirgiliReusSpain

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