Title

Growth Strategy, Firm, and Founder Performance in High-Growth New Ventures

Authors

Juan M. Florin, Bryant University

Document Type

Article

Comments

Juan Florin is no longer at Bryant.

Keywords

013-004

Abstract

Empirical evidence suggests that small firms tend to grow organically and that large firms tend to grow through acquisitions. However, a large proportion of small tecnology-intensive new ventures acquire other firms during the two years after their initial public offering (IPO). This paper tests the effects of alternative growth strategies on firm and founder performance of high-growth new ventures. We measure firm performance using a composite measure of sales and asset growth, and explore performance of the founders with objective measures, a focus not addressed in prior research.

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