Publicado

2018-12-01

Do profitable start-up firms grow faster? Evidence from Colombia

¿Las empresas emergentes rentables crecen más rápido? Evidencia de Colombia

As empresas emergentes lucrativas crescem mais rápido? Evidências da Colômbia

DOI:

https://doi.org/10.15446/cuad.econ.v37n75.69123

Palabras clave:

Growth, Profitability, Start-up (en)
crecimiento, rentabilidad, empresa emergente (startup) (es)
crescimento, rentabilidade, empresa emergente (startup) (pt)

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Autores/as

  • Yuji Honjo Chuo University

This study explores the impact of profitability on the growth of start-up firms. Using data on start-up firms in Colombia, we examine the relationship between firm growth and profitability. We provide evidence that start-up firms with higher profitability increase their total assets. However, we find little evidence that profitability positively affects sales growth for start-up firms. In contrast, the results provide support for the notion that profitability is derived from sales growth. Furthermore, we find that firm growth depends heavily on firm age during the start-up stage.

Este estudio explora el impacto de la rentabilidad en el crecimiento de las empresas emergentes o startups. Empleando datos sobre empresas emergentes en Colombia, examinamos la relación entre el crecimiento empresarial y la rentabilidad. Proporcionamos evidencia de que las empresas emergentes con mayor rentabilidad incrementan sus activos totales. Sin embargo, encontramos poca evidencia de que la rentabilidad afecte positivamente el crecimiento de las ventas para las compañías emergentes. Por el contrario, los resultados apoyan la noción de que la rentabilidad se deriva del crecimiento de las ventas. Adicionalmente, encontramos que el crecimiento empresarial depende en gran medida de la edad de la empresa durante la etapa de emergencia de la misma.
Este estudo explora o impacto da lucratividade no crescimento de empresas emergentes ou startups. Usando dados de empresas emergentes na Colômbia, examinamos a relação entre o crescimento dos negócios e a lucratividade. Fornecemos evidências de que empresas emergentes com maior lucratividade aumentam seus ativos totais. Porém, encontramos poucas evidências de que a lucratividade afeta positivamente o crescimento das vendas de empresas emergentes. Pelo contrário, os resultados apoiam a noção de que a lucratividade é derivada do crescimento das vendas. Além disso, descobrimos que o crescimento dos negócios depende em grande parte da idade da empresa durante a sua fase de emergência.

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Cómo citar

APA

Honjo, Y. (2018). Do profitable start-up firms grow faster? Evidence from Colombia. Cuadernos de Economía, 37(75), 727–754. https://doi.org/10.15446/cuad.econ.v37n75.69123

ACM

[1]
Honjo, Y. 2018. Do profitable start-up firms grow faster? Evidence from Colombia. Cuadernos de Economía. 37, 75 (dic. 2018), 727–754. DOI:https://doi.org/10.15446/cuad.econ.v37n75.69123.

ACS

(1)
Honjo, Y. Do profitable start-up firms grow faster? Evidence from Colombia. Cuadernos 2018, 37, 727-754.

ABNT

HONJO, Y. Do profitable start-up firms grow faster? Evidence from Colombia. Cuadernos de Economía, [S. l.], v. 37, n. 75, p. 727–754, 2018. DOI: 10.15446/cuad.econ.v37n75.69123. Disponível em: https://revistas.unal.edu.co/index.php/ceconomia/article/view/69123. Acesso em: 19 abr. 2024.

Chicago

Honjo, Yuji. 2018. «Do profitable start-up firms grow faster? Evidence from Colombia». Cuadernos De Economía 37 (75):727-54. https://doi.org/10.15446/cuad.econ.v37n75.69123.

Harvard

Honjo, Y. (2018) «Do profitable start-up firms grow faster? Evidence from Colombia», Cuadernos de Economía, 37(75), pp. 727–754. doi: 10.15446/cuad.econ.v37n75.69123.

IEEE

[1]
Y. Honjo, «Do profitable start-up firms grow faster? Evidence from Colombia», Cuadernos, vol. 37, n.º 75, pp. 727–754, dic. 2018.

MLA

Honjo, Y. «Do profitable start-up firms grow faster? Evidence from Colombia». Cuadernos de Economía, vol. 37, n.º 75, diciembre de 2018, pp. 727-54, doi:10.15446/cuad.econ.v37n75.69123.

Turabian

Honjo, Yuji. «Do profitable start-up firms grow faster? Evidence from Colombia». Cuadernos de Economía 37, no. 75 (diciembre 1, 2018): 727–754. Accedido abril 19, 2024. https://revistas.unal.edu.co/index.php/ceconomia/article/view/69123.

Vancouver

1.
Honjo Y. Do profitable start-up firms grow faster? Evidence from Colombia. Cuadernos [Internet]. 1 de diciembre de 2018 [citado 19 de abril de 2024];37(75):727-54. Disponible en: https://revistas.unal.edu.co/index.php/ceconomia/article/view/69123

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CrossRef citations1

1. Se-Kyoung Choi, Sangyun Han, Kyu-Tae Kwak. (2021). Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies. Sustainability, 13(11), p.6009. https://doi.org/10.3390/su13116009.

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