Small Firm Growth in Developing Countries
- S. Nichter and L. Goldmark (2009). World Development, 1453-1464
- Abstract: Although the vast majority of small firms in developing countries never expand beyond a few employees, some experience rapid and substantial growth. This study explores factors associated with small firm growth. We discuss key findings for four types of factors: (1) individual entrepreneur characteristics; (2) firm characteristics; (3) relational factors (such as social networks or value chains); and (4) contextual factors (such as the business environment). We conclude by suggesting implications for development practitioners. 2009 Elsevier Ltd. All rights reserved.
- Theme: Growth and performance
- Keywords: business environment, entrepreneur, growth, microenterprise, small firm, value chains, business development, developing world, firm size, networking
- Reference type: Journal Article
- Geographic location: Global South