One or more growth processes? Evidence from new Italian firms

@article{Bonaccorsi2010OneOM,
  title={One or more growth processes? Evidence from new Italian firms},
  author={Andrea Bonaccorsi and Silvia Giannangeli},
  journal={Small Business Economics},
  year={2010},
  volume={35},
  pages={137-152}
}
The paper proposes a descriptive model of firm growth which assumes that learning processes are conditional on existing competencies of the firm and its founders. We suggest the idea that firms who do not grow under all realizations of potentially profitable opportunities can be considered as zero-learning. In order to explain why some firms are zero-learning and how these are different from growing ones, we put forward and discuss the hypothesis that both start-up size and founders’ pre-entry… CONTINUE READING