Scandinavian Working Papers in Economics

Ratio Working Papers,
The Ratio Institute

No 273: The Strategic Management of High-Growth Firms: A Review and Theoretical Conceptualization

Robert Demir (), Karl Wennberg () and Alexander McKelvie ()
Additional contact information
Robert Demir: The Ratio Institute and Lancaster University Management School, Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Karl Wennberg: The Ratio Institute and Linköping University, Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Alexander McKelvie: Syracuse university, Postal: Syracuse University, 721 University Ave., Syracuse NY 13244

Abstract: Scholars’ knowledge of the factors behind high-growth firms remains fragmented. This paper provides a systematic review of the empirical literature concerning high-growth firms with a focus on the strategic aspects contributing to growth. Based on our review of 39 articles, we identify five drivers of high growth: human capital, strategy, human resource management, innovation, and capabilities. These drivers are combined to develop a conceptual model of high-growth firms that includes potential contingency factors among the five drivers. We also propose a research agenda to deepen the study of high-growth firms in strategic management.

Keywords: High-Growth Firms; Strategy; Innovation; Human Capital; HRM; Capabilities; Literature Review

JEL-codes: L25; L26; M13

58 pages, September 5, 2016

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