Publicado

2018-12-01

High-Growth Firms in European Countries: the Role of Innovation

Empresas de alto crecimiento en países europeos: el rol de la innovación

Empresas de alto crescimento nos países europeus: o papel da inovação

DOI:

https://doi.org/10.15446/cuad.econ.v37n75.67721

Palabras clave:

High-growth firms, firm growth, innovation, European countries (en)
High-growth firms, crecimiento empresarial, innovación, países europeos (es)
empresas de alto crescimento, crescimento empresarial, inovação, países europeus (pt)

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Autores/as

  • Agusti Segarra Blasco Universitat Rovira i Virgili
  • Mercedes Teruel Universitat Rovira i Virgili
  • Elisenda Jové-Llopis Universitat Rovira i Virgili

This paper analyses the role that R&D and innovation has on the likelihood of a firm becoming a High-Growth Firm (HGF). The microdata is from the Community Innovation Survey provided by Eurostat, it covers the period 2008–2010, and we classify the EU countries into three clusters: Core countries, Mediterranean countries, and New EU Members. Our results show that there are large differences between each cluster. Technological innovations promote the likelihood of Core countries becoming an HGF, non-technological innovations are a key determinant for Mediterranean countries, and in New EU members the drivers are more related to firm characteristics and international trade.

Este artículo analiza el efecto de la I+D y la innovación sobre la probabilidad de que una empresa se convierta en una High-Growth Firm (HGF) para un conjunto de datos del Community Innovation Survey 2010. Agrupando distintos países de la Unión Europea en tres clústeres ––Core, Mediterranean, y New EU countries–– los resultados muestran claras diferencias. En los core countries, las innovaciones tecnológicas facilitan la probabilidad de convertirse en HGF, mientras que las no tecnológicas son determinantes clave en los Mediterranean. En los new EU countries los factores están más relacionados con características de la empresa y el comercio internacional.
Este artigo analisa o efeito da inovação, a pesquisa e o desenvolvimento em termos da probabilidade de uma empresa se tornar uma empresa de alto crescimento. Os microdados usados vêm da pesquisa Community Innovation de Eurostat e cobrem o período 2008-2010. Classificamos os países da União Europeia em três grupos: países centrais, países mediterrânicos e novos membros da UE. Nossos resultados mostram que existem grandes diferenças entre cada grupo. As inovações tecnológicas promovem a probabilidade de que as empresas dos países centrais se tornem empresas de alto crescimento, as inovações não tecnológicas são um fator determinante para os países do Mediterrâneo e, para os novos membros da UE, os promotores de crescimento estão mais relacionados com as características de cada empresa e com o comércio internacional.

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Cómo citar

APA

Segarra Blasco, A., Teruel, M. & Jové-Llopis, E. (2018). High-Growth Firms in European Countries: the Role of Innovation. Cuadernos de Economía, 37(75), 637–670. https://doi.org/10.15446/cuad.econ.v37n75.67721

ACM

[1]
Segarra Blasco, A., Teruel, M. y Jové-Llopis, E. 2018. High-Growth Firms in European Countries: the Role of Innovation. Cuadernos de Economía. 37, 75 (dic. 2018), 637–670. DOI:https://doi.org/10.15446/cuad.econ.v37n75.67721.

ACS

(1)
Segarra Blasco, A.; Teruel, M.; Jové-Llopis, E. High-Growth Firms in European Countries: the Role of Innovation. Cuad. econ 2018, 37, 637-670.

ABNT

SEGARRA BLASCO, A.; TERUEL, M.; JOVÉ-LLOPIS, E. High-Growth Firms in European Countries: the Role of Innovation. Cuadernos de Economía, [S. l.], v. 37, n. 75, p. 637–670, 2018. DOI: 10.15446/cuad.econ.v37n75.67721. Disponível em: https://revistas.unal.edu.co/index.php/ceconomia/article/view/67721. Acesso em: 27 dic. 2025.

Chicago

Segarra Blasco, Agusti, Mercedes Teruel, y Elisenda Jové-Llopis. 2018. «High-Growth Firms in European Countries: the Role of Innovation». Cuadernos De Economía 37 (75):637-70. https://doi.org/10.15446/cuad.econ.v37n75.67721.

Harvard

Segarra Blasco, A., Teruel, M. y Jové-Llopis, E. (2018) «High-Growth Firms in European Countries: the Role of Innovation», Cuadernos de Economía, 37(75), pp. 637–670. doi: 10.15446/cuad.econ.v37n75.67721.

IEEE

[1]
A. Segarra Blasco, M. Teruel, y E. Jové-Llopis, «High-Growth Firms in European Countries: the Role of Innovation», Cuad. econ, vol. 37, n.º 75, pp. 637–670, dic. 2018.

MLA

Segarra Blasco, A., M. Teruel, y E. Jové-Llopis. «High-Growth Firms in European Countries: the Role of Innovation». Cuadernos de Economía, vol. 37, n.º 75, diciembre de 2018, pp. 637-70, doi:10.15446/cuad.econ.v37n75.67721.

Turabian

Segarra Blasco, Agusti, Mercedes Teruel, y Elisenda Jové-Llopis. «High-Growth Firms in European Countries: the Role of Innovation». Cuadernos de Economía 37, no. 75 (diciembre 1, 2018): 637–670. Accedido diciembre 27, 2025. https://revistas.unal.edu.co/index.php/ceconomia/article/view/67721.

Vancouver

1.
Segarra Blasco A, Teruel M, Jové-Llopis E. High-Growth Firms in European Countries: the Role of Innovation. Cuad. econ [Internet]. 1 de diciembre de 2018 [citado 27 de diciembre de 2025];37(75):637-70. Disponible en: https://revistas.unal.edu.co/index.php/ceconomia/article/view/67721

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CrossRef Cited-by

CrossRef citations4

1. Nebojša Stojčić, Ivan-Damir Anić, Tonći Svilokos. (2021). The entrepreneurial gains from market integration in the new EU member states. Small Business Economics, 57(3), p.1. https://doi.org/10.1007/s11187-020-00363-7.

2. Saeed Mirvahedi, Sussie C. Morrish, Dmitri Pletnev, V. Kankhva. (2021). Fast-growth firms and successful environmental entrepreneurs in emerging countries. E3S Web of Conferences, 258, p.06019. https://doi.org/10.1051/e3sconf/202125806019.

3. Luke Hendrickson, David Taylor, Lyndon Ang, Kay Cao, Thai Nguyen, Franklin Soriano. (2021). The impact of persistent innovation on Australian firm growth. Prometheus, 37(3) https://doi.org/10.13169/prometheus.37.3.0241.

4. Preetam Gaikwad. (2022). The Promises and Properties of Rapidly Growing Companies: Gazelles. , p.7. https://doi.org/10.1108/978-1-80117-818-120221002.

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