ISSN: 1648 - 4460

International Journal of Scholarly Papers

VU KHF

Transformations  in
Business & Economics

Transformations in
Business & Economics

  • © Vilnius University, 2002-2014
  • © Brno University of Technology, 2002-2014
  • © University of Latvia, 2002-2014
Article
INDICATORS OF HIGH POTENTIAL FIRMS' RAPID GROWTH: EMPIRICAL EVIDENCE FOR SLOVENIA
Karin Sirec, Dijana Mocnik

ABSTRACT.In the paper, we assess the relationship between a firm's sales growth (dependent variable) and four independent variables: (1) firm size, (2) profitability, (3) educational level and (4) indebtedness. We also used control variables for industry, liability legal form and governance structure. Only the trade dummy proved to be a significant, therefore the interaction terms between the trade dummy and four independent variables were made. Using a stepwise multiple least square dummy variable regression, we identified a statistically significant and negative relationship for firm size and profitability. The impact of educational level is significantly positive, whereas indebtedness is not significant.

KEYWORDS: high-growth firms, gazelles, small and medium enterprises, regression analysis, Slovenia.

JEL classification: L25, L26.

Editorial correspondence:

Scholarly papers Transformations in Business & Economics
Kaunas Faculty
Vilnius University
Muitinės g. 8
Kaunas, LT-44280
Lithuania

Sitemap

Visits:

Valid XHTML 1.0 Strict