Advertisement

KIBS Growth

Diagnosis and Suggestions for Public Policy to Promote Entrepreneurship in Portugal
  • Zélia Serrasqueiro
  • Paulo Maçãs Nunes
Chapter
Part of the International Studies in Entrepreneurship book series (ISEN, volume 22)

Abstract

Entrepreneurial Entrepreneurial activity Entrepreneurial activity in Portugal is clearly dominated by “entrepreneurship of needs,” which may decisively limit the quality and possibility of survival of new companies in Portugal, and deceased firms do not improve Portugal’s economic productivity (Baptista 2008). Baptista and Thurik (2007) found that the great majority of new Portuguese companies are not leading agents for structural changes in markets or for increasing business productivity, thus making an insignificant contribution toward economic growth.

Keywords

Cash Flow Previous Period Current Period Intangible Asset Determinant Factor 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Andries, P. and Debackere, K. (2007) Adaptation and performance in new businesses: Understanding the moderating effects of independence and industry, Small Business Economics, 29, pp. 81–99.CrossRefGoogle Scholar
  2. Ang, J. (1991) Small business uniqueness and the theory of financial management, Journal of Small Business Finance, 1, pp. 1–13.Google Scholar
  3. Arellano, M. and Bond, S. (1991) Some tests of specification for panel data: Monte Carlo evidence and application to employment equations, Review of Economic Studies, 58, pp. 277–297.CrossRefGoogle Scholar
  4. Audretsch, D. and Elston, J. (2002) Does firm size matter? Evidence on the impact of liquidity constraints on firm investment behavior in Germany, International Journal of Industrial Organization, 20, pp. 1–17.CrossRefGoogle Scholar
  5. Audretsch D., Klomp, L., Santarelli, E., and Thurik, A. (2004) Gibrat’s Law: Are the services different?, Review of Industrial Organization, 24, pp. 301–324.CrossRefGoogle Scholar
  6. Baptista, R. (2008) Inovação Tecnológica, Competitividade e o Desafio do Empreendedorismo. In: J. Leitão, J. Ferreira e S. Azevedo (eds), Dimensões Competitivas de Portugale: Contributos dos Territórios, Sectores, Empresas e Logística, Capítulo 3, pp. 69–092, Lisboa, Portugal.Google Scholar
  7. Baptista, R. and Thurik, A. (2007) The relationship between entrepreneurship and unemployment: Is Portugal an outlier?, Technological Forecasting and Social Change, 74, pp. 75–89.CrossRefGoogle Scholar
  8. Barkham, R., Gudgin, G., Hart, M., and Harvey, E. (1996) The determinants of small firm growth: As inter-regional study in the United Kingdom 1986–90, Routledge, London.Google Scholar
  9. Becchetti, L. and Trovato, G. (2002) The determinants of growth for small and medium sized firms, Small Business Economics, 19, pp. 291–306.CrossRefGoogle Scholar
  10. Cabral L. and Mata, J. (2003) On the evolution of the firm size distribution: facts and theory, The American Economic Review, 93, pp. 1075–1095.CrossRefGoogle Scholar
  11. Calvo, J. (2006) Testing Gibrat’s Law for small, young and innovating firms, Small Business Economics, 26, pp. 117–123.CrossRefGoogle Scholar
  12. Carpenter, R. and Petersen, B. (2002) Is the growth of small firms constrained by internal finance?, The Review of Economics and Statistics, 84, pp. 298–309.CrossRefGoogle Scholar
  13. Chen, Y.-S., Lin, M.-J. and Chang, C.-H. (2006) The influence of intellectual capital on new product development performance – The manufacturing companies of Taiwan as an example”, Total Quality Management, 17, pp. 1323–1339.CrossRefGoogle Scholar
  14. Fotopoulos, G. and Louri, H. (2001) Corporate growth and FDI: Are multinationals stimulating local industry development?, CEPR Discussion Paper Series, No. 3128.Google Scholar
  15. Gibrat, R. (1931) Les Inégalités Économiques. Paris: Librairie du Recueil Sirey.Google Scholar
  16. Griliches, Z. and Lichtenberg, F. (1984) R&D and productivity growth at industry level: Is there still a relationship?. In: Z. Griliches (ed), R&D, Patents and Productivity, University of Chicago Press, Chicago, IL.Google Scholar
  17. Heshmati, A. (2001) On the growth of micro and small firms: Evidence from Sweden, Small Business Economics, 17, pp. 213–228.CrossRefGoogle Scholar
  18. Honjo, Y. and Harada, N. (2006) SME policy, financial structure and firm growth: Evidence from Japan, Small Business Economics, 27, pp. 289–300.CrossRefGoogle Scholar
  19. Jovanovic, B. (1982) Selection and evolution of industry, Econometrica, 50, pp. 649–670.CrossRefGoogle Scholar
  20. Kimura, Y. (1988) The Japanese Semiconductor Industry: Structure, Competitive Strategies, and Performance, JAI Press, London.Google Scholar
  21. Lotti, F., Santarelli, E., and Vivarelli, M. (2003) Does Gibrat’s Law hold among young, small firms? Journal of Evolutionary Economics, 14, pp. 213–235.CrossRefGoogle Scholar
  22. Mata, J. (1994) Firm growth during infancy, Small Business Economics, 6, pp. 27–39.CrossRefGoogle Scholar
  23. Moreno, A. and Casillas, J. (2007) High-growth SMEs versus non-high growth SMEs: A discriminant analysis, Entrepreneurship and Regional Development, 19, pp. 69–88.CrossRefGoogle Scholar
  24. Oliveira, B. and Fortunato, A. (2006) Firm growth and liquidity constraints: A dynamic analysis, Small Business Economics, 27, pp. 139–156.CrossRefGoogle Scholar
  25. Pusher, G. (1995) Equity ownership structure, leverage, and productivity: Empirical evidence from Japan, Pacific-Basin Finance Journal, 3, pp. 241–255.CrossRefGoogle Scholar
  26. Rogers, M. (2004) Networks, firm size and innovation, Small Business Economics, 22, pp. 141–153.CrossRefGoogle Scholar
  27. Smith, V., Harsenm, M., Eriksson, T., and Madsen, E. (2004) R&D productivity in Danish firms: Some empirical evidence, Applied Economics, 36, pp. 1797–1806.CrossRefGoogle Scholar
  28. Sutton, J. (1998) Technology and Market Structure: Theory and History, MIT, Cambridge, MA.Google Scholar
  29. Yasuda, T. (2005) Firm growth, size, age and behavior in Japanese manufacturing, Small Business Economics, 24, pp. 1–15.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC 2009

Authors and Affiliations

  • Zélia Serrasqueiro
    • 1
  • Paulo Maçãs Nunes
    • 1
  1. 1.Department of Management and EconomicsUniversity of Beira InteriorCovilhãPortugal

Personalised recommendations