메뉴 건너뛰기




Volumn 24, Issue 4, 2009, Pages 388-406

Growing profitable or growing from profits: Putting the horse in front of the cart?

Author keywords

Growth; Performance; Profitability; Resource Based View; Success

Indexed keywords


EID: 67349212305     PISSN: 08839026     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusvent.2008.04.003     Document Type: Article
Times cited : (249)

References (81)
  • 2
    • 84938047877 scopus 로고
    • Managerial succession and organizational performance: a recalcitrant problem revisited
    • Allen M.P., Panian S.K., and Lotz R.E. Managerial succession and organizational performance: a recalcitrant problem revisited. Administrative Science Quarterly 24 2 (1979) 167-180
    • (1979) Administrative Science Quarterly , vol.24 , Issue.2 , pp. 167-180
    • Allen, M.P.1    Panian, S.K.2    Lotz, R.E.3
  • 3
    • 3042539839 scopus 로고    scopus 로고
    • Organizing rent generation and appropriation: toward a theory of the entrepreneurial firm
    • Alvarez S.A., and Barney J.B. Organizing rent generation and appropriation: toward a theory of the entrepreneurial firm. Journal of Business Venturing 19 5 (2004) 621-635
    • (2004) Journal of Business Venturing , vol.19 , Issue.5 , pp. 621-635
    • Alvarez, S.A.1    Barney, J.B.2
  • 5
    • 84993783359 scopus 로고    scopus 로고
    • Tests of the resource-based view: do the empirics have any clothes?
    • Arend R.J. Tests of the resource-based view: do the empirics have any clothes?. Strategic Organization 4 4 (2006) 409-422
    • (2006) Strategic Organization , vol.4 , Issue.4 , pp. 409-422
    • Arend, R.J.1
  • 6
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney J.B. Firm resources and sustained competitive advantage. Journal of Management 17 1 (1991) 99-120
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 99-120
    • Barney, J.B.1
  • 8
    • 0011993351 scopus 로고    scopus 로고
    • The resource-based view: origins and implications
    • Hitt M.A., Freeman R.E., and Harrison J.S. (Eds), Blackwell, Oxford, MA
    • Barney J.B., and Arikan A.M. The resource-based view: origins and implications. In: Hitt M.A., Freeman R.E., and Harrison J.S. (Eds). Handbook of Strategic Management (2001), Blackwell, Oxford, MA 124-188
    • (2001) Handbook of Strategic Management , pp. 124-188
    • Barney, J.B.1    Arikan, A.M.2
  • 9
    • 4043055832 scopus 로고    scopus 로고
    • The relationship of entrepreneurial traits, skill, and motivation to subsequent venture growth
    • Baum J.R., and Locke E.A. The relationship of entrepreneurial traits, skill, and motivation to subsequent venture growth. Journal of Applied Psychology 89 4 (2004) 587-598
    • (2004) Journal of Applied Psychology , vol.89 , Issue.4 , pp. 587-598
    • Baum, J.R.1    Locke, E.A.2
  • 10
    • 0142166691 scopus 로고    scopus 로고
    • Strategic decision speed and firm performance
    • Baum J.R., and Wally S. Strategic decision speed and firm performance. Strategic Management Journal 24 (2003) 1107-1129
    • (2003) Strategic Management Journal , vol.24 , pp. 1107-1129
    • Baum, J.R.1    Wally, S.2
  • 12
    • 0002058423 scopus 로고
    • On the measurement of organizational slack
    • Bourgeois L.J. On the measurement of organizational slack. Academy of Management Review 6 1 (1981) 29-39
    • (1981) Academy of Management Review , vol.6 , Issue.1 , pp. 29-39
    • Bourgeois, L.J.1
  • 13
    • 0038056957 scopus 로고    scopus 로고
    • The free cash flow hypothesis for sales growth and firm performance
    • Brush T.H., Bromiley P., and Hendrickx M. The free cash flow hypothesis for sales growth and firm performance. Strategic Management Journal 21 (2000) 455-472
    • (2000) Strategic Management Journal , vol.21 , pp. 455-472
    • Brush, T.H.1    Bromiley, P.2    Hendrickx, M.3
  • 14
    • 0025497236 scopus 로고
    • Determinants of financial performance: a meta-analysis
    • Capon N., Farley J.U., and Hoenig S. Determinants of financial performance: a meta-analysis. Management Science 36 10 (1990) 1143-1159
    • (1990) Management Science , vol.36 , Issue.10 , pp. 1143-1159
    • Capon, N.1    Farley, J.U.2    Hoenig, S.3
  • 15
  • 16
    • 0001131227 scopus 로고
    • The founder's self-assessed competence and venture performance
    • Chandler G.N., and Jansen E. The founder's self-assessed competence and venture performance. Journal of Business Venturing 7 3 (1992) 223-236
    • (1992) Journal of Business Venturing , vol.7 , Issue.3 , pp. 223-236
    • Chandler, G.N.1    Jansen, E.2
  • 17
    • 18744392280 scopus 로고    scopus 로고
    • Relationship between innovation, quality, growth, profitability and market value
    • Cho H.-J., and Pucic V. Relationship between innovation, quality, growth, profitability and market value. Strategic Management Journal 26 (2005) 555-575
    • (2005) Strategic Management Journal , vol.26 , pp. 555-575
    • Cho, H.-J.1    Pucic, V.2
  • 20
    • 33646572551 scopus 로고    scopus 로고
    • New to the game and questioning the rules: the experiences and beliefs of founders who start imitative versus innovative firms
    • Cliff J.E., Jennings P.D., and Greenwood R. New to the game and questioning the rules: the experiences and beliefs of founders who start imitative versus innovative firms. Journal of Business Venturing 21 (2006) 633-663
    • (2006) Journal of Business Venturing , vol.21 , pp. 633-663
    • Cliff, J.E.1    Jennings, P.D.2    Greenwood, R.3
  • 21
    • 35448980908 scopus 로고    scopus 로고
    • A closer look at serial growth rate correlation
    • Sant'Anna School of Advanced Studies, Pisa, Italy
    • Coad A. A closer look at serial growth rate correlation. LEM Working Paper Series 2006/29 (2006), Sant'Anna School of Advanced Studies, Pisa, Italy
    • (2006) LEM Working Paper Series 2006/29
    • Coad, A.1
  • 22
    • 3843134959 scopus 로고    scopus 로고
    • The growth-profit nexus
    • Cowling M. The growth-profit nexus. Small Business Economics 22 1 (2004) 1-9
    • (2004) Small Business Economics , vol.22 , Issue.1 , pp. 1-9
    • Cowling, M.1
  • 24
    • 67349176738 scopus 로고    scopus 로고
    • Tillväxtföretag: var de finns, hur de växer, och vilka jobb de skapar. (Growth firms: where they are found, how they grow, and the jobs they create)
    • Rådet för Arbetslivsforskning, Stockholm
    • Davidsson P., and Delmar F. Tillväxtföretag: var de finns, hur de växer, och vilka jobb de skapar. (Growth firms: where they are found, how they grow, and the jobs they create). Report No. 19, Nya Jobb & Företag (New Jobs & Companies) (2000), Rådet för Arbetslivsforskning, Stockholm
    • (2000) Report No. 19, Nya Jobb & Företag (New Jobs & Companies)
    • Davidsson, P.1    Delmar, F.2
  • 25
    • 85046051077 scopus 로고    scopus 로고
    • Conceptual and empirical challenges in the study of firm growth
    • Sexton D.L., and Landström H. (Eds), Blackwell, Oxford, MA
    • Davidsson P., and Wiklund J. Conceptual and empirical challenges in the study of firm growth. In: Sexton D.L., and Landström H. (Eds). The Blackwell Handbook of Entrepreneurship (2000), Blackwell, Oxford, MA 26-44
    • (2000) The Blackwell Handbook of Entrepreneurship , pp. 26-44
    • Davidsson, P.1    Wiklund, J.2
  • 26
    • 85045787177 scopus 로고    scopus 로고
    • Entrepreneurship as growth; growth as entrepreneurship
    • Hitt M.A., Ireland R.D., Camp S.M., and Sexton D.L. (Eds), Blackwell, Oxford, MA
    • Davidsson P., Delmar F., and Wiklund J. Entrepreneurship as growth; growth as entrepreneurship. In: Hitt M.A., Ireland R.D., Camp S.M., and Sexton D.L. (Eds). Strategic Entrepreneurship: Creating a New Mindset (2002), Blackwell, Oxford, MA 328-342
    • (2002) Strategic Entrepreneurship: Creating a New Mindset , pp. 328-342
    • Davidsson, P.1    Delmar, F.2    Wiklund, J.3
  • 29
    • 0003153925 scopus 로고
    • The product life cycle: analysis and applications issues
    • Day G.S. The product life cycle: analysis and applications issues. Journal of Marketing 45 4 (1981) 60-67
    • (1981) Journal of Marketing , vol.45 , Issue.4 , pp. 60-67
    • Day, G.S.1
  • 30
    • 0002792377 scopus 로고    scopus 로고
    • Measuring growth: methodological considerations and empirical results
    • Donckels R., and Miettinen A. (Eds), Ashgate, Aldershot
    • Delmar F. Measuring growth: methodological considerations and empirical results. In: Donckels R., and Miettinen A. (Eds). Entrepreneurship and SME Research: On its Way to the Next Millennium (1997), Ashgate, Aldershot 190-216
    • (1997) Entrepreneurship and SME Research: On its Way to the Next Millennium , pp. 190-216
    • Delmar, F.1
  • 31
    • 0000857363 scopus 로고
    • Asset stock accumulation and sustainability of competitive advantage
    • Dierickx I., and Cool K. Asset stock accumulation and sustainability of competitive advantage. Management Science 35 12 (1989) 1504-1513
    • (1989) Management Science , vol.35 , Issue.12 , pp. 1504-1513
    • Dierickx, I.1    Cool, K.2
  • 34
    • 0031283718 scopus 로고    scopus 로고
    • Survival of the fittest? Entrepreneurial human capital and the persistence of underperforming firms
    • Gimeno J., Folta T.B., Cooper A.C., and Woo C.Y. Survival of the fittest? Entrepreneurial human capital and the persistence of underperforming firms. Administrative Science Quarterly 42 (1997) 750-783
    • (1997) Administrative Science Quarterly , vol.42 , pp. 750-783
    • Gimeno, J.1    Folta, T.B.2    Cooper, A.C.3    Woo, C.Y.4
  • 37
    • 0038421701 scopus 로고    scopus 로고
    • Redefining business success: distinguishing between closure and failure
    • Headd B. Redefining business success: distinguishing between closure and failure. Small Business Economics 21 1 (2003) 51-61
    • (2003) Small Business Economics , vol.21 , Issue.1 , pp. 51-61
    • Headd, B.1
  • 38
    • 0000512905 scopus 로고
    • Differentiation versus low cost or differentiation and low cost: a contingency framework
    • Hill C.W. Differentiation versus low cost or differentiation and low cost: a contingency framework. Academy of Management Review 13 3 (1988) 401-412
    • (1988) Academy of Management Review , vol.13 , Issue.3 , pp. 401-412
    • Hill, C.W.1
  • 40
    • 0002107145 scopus 로고
    • Strategies and environments of high growth firms
    • Sexton D.L., and Kasarda J.D. (Eds), PWS-Kent Publishing, Boston, MA
    • Hoy F., McDougall P.P., and Dsouza D.E. Strategies and environments of high growth firms. In: Sexton D.L., and Kasarda J.D. (Eds). The State of the Art of Entrepreneurship (1992), PWS-Kent Publishing, Boston, MA 341-357
    • (1992) The State of the Art of Entrepreneurship , pp. 341-357
    • Hoy, F.1    McDougall, P.P.2    Dsouza, D.E.3
  • 41
    • 85020616309 scopus 로고
    • Network externalities, competition, and compatibility
    • Katz M.L., and Shapiro C. Network externalities, competition, and compatibility. American Economic Review 75 3 (1985) 424-440
    • (1985) American Economic Review , vol.75 , Issue.3 , pp. 424-440
    • Katz, M.L.1    Shapiro, C.2
  • 42
    • 3042548981 scopus 로고    scopus 로고
    • Power dependence, diversification strategy, and performance in Keiretsu member firms
    • Kim H., Hoskisson R.E., and Wan W.P. Power dependence, diversification strategy, and performance in Keiretsu member firms. Strategic Management Journal 25 (2004) 613-636
    • (2004) Strategic Management Journal , vol.25 , pp. 613-636
    • Kim, H.1    Hoskisson, R.E.2    Wan, W.P.3
  • 43
    • 77954516553 scopus 로고
    • Knowledge of the firm, combinative capabilities, and the replication of technology
    • Kogut B., and Zander U. Knowledge of the firm, combinative capabilities, and the replication of technology. Organization Science 3 3 (1992) 383-397
    • (1992) Organization Science , vol.3 , Issue.3 , pp. 383-397
    • Kogut, B.1    Zander, U.2
  • 44
    • 0442322939 scopus 로고    scopus 로고
    • Edith Penrose's (1959) contributions to the resource-based view of strategic management
    • Kor Y.Y., and Mahoney J.T. Edith Penrose's (1959) contributions to the resource-based view of strategic management. Journal of Management Studies 41 1 (2004) 183-191
    • (2004) Journal of Management Studies , vol.41 , Issue.1 , pp. 183-191
    • Kor, Y.Y.1    Mahoney, J.T.2
  • 46
    • 0000287182 scopus 로고    scopus 로고
    • First mover (dis)advantages: retrospective and link with the resource-based view
    • Lieberman M.B., and Montgomery C.A. First mover (dis)advantages: retrospective and link with the resource-based view. Strategic Management Journal 19 (1998) 1111-1125
    • (1998) Strategic Management Journal , vol.19 , pp. 1111-1125
    • Lieberman, M.B.1    Montgomery, C.A.2
  • 48
    • 1142286549 scopus 로고    scopus 로고
    • Is extraordinary growth profitable? A study of Inc. 500 high-growth companies
    • Markman G.D., and Gartner W.B. Is extraordinary growth profitable? A study of Inc. 500 high-growth companies. Entrepreneurship Theory and Practice 27 1 (2002) 65-75
    • (2002) Entrepreneurship Theory and Practice , vol.27 , Issue.1 , pp. 65-75
    • Markman, G.D.1    Gartner, W.B.2
  • 50
    • 0033728571 scopus 로고    scopus 로고
    • Organizational architecture and success in the information technology industry
    • Mendelson H. Organizational architecture and success in the information technology industry. Management Science 46 4 (2000) 513-529
    • (2000) Management Science , vol.46 , Issue.4 , pp. 513-529
    • Mendelson, H.1
  • 51
    • 8344248710 scopus 로고    scopus 로고
    • Are more resources always better for growth? Resource stickiness in market and product expansion
    • Mishina Y., Pollock T.G., and Porac J.F. Are more resources always better for growth? Resource stickiness in market and product expansion. Strategic Management Journal 25 12 (2004) 1179-1197
    • (2004) Strategic Management Journal , vol.25 , Issue.12 , pp. 1179-1197
    • Mishina, Y.1    Pollock, T.G.2    Porac, J.F.3
  • 52
    • 33846605732 scopus 로고    scopus 로고
    • Creating value in the face of declining performance: firm strategies and organizational recovery
    • Morrow J.L.J., Sirmon D.G., and Hitt M.A. Creating value in the face of declining performance: firm strategies and organizational recovery. Strategic Management Journal 28 (2007) 271-283
    • (2007) Strategic Management Journal , vol.28 , pp. 271-283
    • Morrow, J.L.J.1    Sirmon, D.G.2    Hitt, M.A.3
  • 53
    • 14744271386 scopus 로고    scopus 로고
    • Rapid growth and high performance: the entrepreneur's "impossible dream?"
    • Nicholls-Nixon C. Rapid growth and high performance: the entrepreneur's "impossible dream?". Academy of Management Executive 19 1 (2005) 77-89
    • (2005) Academy of Management Executive , vol.19 , Issue.1 , pp. 77-89
    • Nicholls-Nixon, C.1
  • 54
    • 0242370936 scopus 로고    scopus 로고
    • Outside directors and firm performance during institutional transition
    • Peng M.W. Outside directors and firm performance during institutional transition. Strategic Management Journal 25 (2004) 453-471
    • (2004) Strategic Management Journal , vol.25 , pp. 453-471
    • Peng, M.W.1
  • 55
    • 0030543697 scopus 로고    scopus 로고
    • The growth of the firm in planned economies in transition: institutions, organizations, and strategic choice
    • Peng M.W., and Heath P. The growth of the firm in planned economies in transition: institutions, organizations, and strategic choice. Academy of Management Review 21 2 (1996) 492-528
    • (1996) Academy of Management Review , vol.21 , Issue.2 , pp. 492-528
    • Peng, M.W.1    Heath, P.2
  • 59
    • 84989056644 scopus 로고
    • Towards a dynamic theory of strategy
    • Porter M.E. Towards a dynamic theory of strategy. Strategic Management Journal 12 (1991) 95-117
    • (1991) Strategic Management Journal , vol.12 , pp. 95-117
    • Porter, M.E.1
  • 60
    • 0035529252 scopus 로고    scopus 로고
    • Is the resource-based "view" a useful perspective for strategic management research?
    • Priem R.M., and Butler J.E. Is the resource-based "view" a useful perspective for strategic management research?. Academy of Management Review 26 1 (2001) 22-40
    • (2001) Academy of Management Review , vol.26 , Issue.1 , pp. 22-40
    • Priem, R.M.1    Butler, J.E.2
  • 61
    • 14644392769 scopus 로고    scopus 로고
    • Growth, corporate profitability, and value creation
    • Ramezani C.A., Soenen L., and Jung A. Growth, corporate profitability, and value creation. Financial Analysts Journal 62 6 (2002) 56-67
    • (2002) Financial Analysts Journal , vol.62 , Issue.6 , pp. 56-67
    • Ramezani, C.A.1    Soenen, L.2    Jung, A.3
  • 62
    • 21844525780 scopus 로고
    • Early life-cycle behavior of micro firms in Scotland
    • Reid G. Early life-cycle behavior of micro firms in Scotland. Small Business Economics 7 (1995) 89-95
    • (1995) Small Business Economics , vol.7 , pp. 89-95
    • Reid, G.1
  • 63
    • 0033261966 scopus 로고    scopus 로고
    • Modelling small business growth and profitability
    • Roper S. Modelling small business growth and profitability. Small Business Economics 13 3 (1999) 235-252
    • (1999) Small Business Economics , vol.13 , Issue.3 , pp. 235-252
    • Roper, S.1
  • 64
    • 36149001295 scopus 로고    scopus 로고
    • Sapienza, H.J., Korsgaard, M.A., Forbes, D.P., (2003). The self-determination motive and entrepreneurs' choice of financing. In: Katz, J., Shepherd, D.A. (Eds.), Cognitive Approaches to Entrepreneurship Research. Advances in Entrepreneurship, Firm Emergence, and Growth (6, pp. 107-140). Elsevier/JAI Press, Oxford, UK.
    • Sapienza, H.J., Korsgaard, M.A., Forbes, D.P., (2003). The self-determination motive and entrepreneurs' choice of financing. In: Katz, J., Shepherd, D.A. (Eds.), Cognitive Approaches to Entrepreneurship Research. Advances in Entrepreneurship, Firm Emergence, and Growth (vol. 6, pp. 107-140). Elsevier/JAI Press, Oxford, UK.
  • 65
    • 0000212087 scopus 로고
    • Beyond firm and industry effects on profitability in imperfect markets
    • Scott J., and Pascoe G. Beyond firm and industry effects on profitability in imperfect markets. Review of Economics and Statistics 68 (1986) 284-292
    • (1986) Review of Economics and Statistics , vol.68 , pp. 284-292
    • Scott, J.1    Pascoe, G.2
  • 66
    • 67349114953 scopus 로고    scopus 로고
    • Growth strategies
    • Sexton D.L., and Smilor R.W. (Eds), Upstart, Chcago, IL
    • Sexton D.L., and Smilor R.W. Growth strategies. In: Sexton D.L., and Smilor R.W. (Eds). Entrepreneurship 2000 (1997), Upstart, Chcago, IL 97-98
    • (1997) Entrepreneurship 2000 , pp. 97-98
    • Sexton, D.L.1    Smilor, R.W.2
  • 68
    • 0000421087 scopus 로고
    • Empirical studies of entry and exit: a survey of the evidence
    • Siegfried J.J., and Evans L.B. Empirical studies of entry and exit: a survey of the evidence. Review of Industrial Organization 9 2 (1994) 121-155
    • (1994) Review of Industrial Organization , vol.9 , Issue.2 , pp. 121-155
    • Siegfried, J.J.1    Evans, L.B.2
  • 69
    • 33846046765 scopus 로고    scopus 로고
    • Managing firm resources in dynamic environments to create value: looking inside the black box
    • Sirmon D.G., Hitt M.A., and Ireland R.D. Managing firm resources in dynamic environments to create value: looking inside the black box. Academy of Management Journal 32 1 (2007) 273-292
    • (2007) Academy of Management Journal , vol.32 , Issue.1 , pp. 273-292
    • Sirmon, D.G.1    Hitt, M.A.2    Ireland, R.D.3
  • 71
    • 0000638836 scopus 로고
    • A paradigm of entrepreneurship: entrepreneurial management
    • Stevenson H.H., and Jarillo J.C. A paradigm of entrepreneurship: entrepreneurial management. Strategic Management Journal 11 (1990) 17-27
    • (1990) Strategic Management Journal , vol.11 , pp. 17-27
    • Stevenson, H.H.1    Jarillo, J.C.2
  • 74
    • 0032344715 scopus 로고    scopus 로고
    • Measuring organizational growth: issues, consequences and guidelines
    • Weinzimmer L.G., Nystrom P.C., and Freeman S.J. Measuring organizational growth: issues, consequences and guidelines. Journal of Management 24 2 (1998) 235-262
    • (1998) Journal of Management , vol.24 , Issue.2 , pp. 235-262
    • Weinzimmer, L.G.1    Nystrom, P.C.2    Freeman, S.J.3
  • 75
    • 84989133012 scopus 로고
    • A resource based view of the firm
    • Wernerfelt B. A resource based view of the firm. Strategic Management Journal 5 2 (1984) 171-180
    • (1984) Strategic Management Journal , vol.5 , Issue.2 , pp. 171-180
    • Wernerfelt, B.1
  • 76
    • 0001268563 scopus 로고
    • What constitutes a theoretical contribution?
    • Whetten D.A. What constitutes a theoretical contribution?. Academy of Management Review, 14 4 (1989) 490-495
    • (1989) Academy of Management Review , vol.14 , Issue.4 , pp. 490-495
    • Whetten, D.A.1
  • 78
    • 5444244149 scopus 로고    scopus 로고
    • What do they think and feel about growth? An expectancy-value approach to small business managers' attitudes towards growth
    • Wiklund J., Davidsson P., and Delmar F. What do they think and feel about growth? An expectancy-value approach to small business managers' attitudes towards growth. Entrepreneurship Theory and Practice 27 3 (2003) 247-269
    • (2003) Entrepreneurship Theory and Practice , vol.27 , Issue.3 , pp. 247-269
    • Wiklund, J.1    Davidsson, P.2    Delmar, F.3
  • 80
    • 0030041585 scopus 로고    scopus 로고
    • How to deal with regression to the mean in intervention studies
    • Yudkin P.L., and Stratton I.M. How to deal with regression to the mean in intervention studies. Lancet 347 (1996) 241-243
    • (1996) Lancet , vol.347 , pp. 241-243
    • Yudkin, P.L.1    Stratton, I.M.2
  • 81
    • 33744827454 scopus 로고    scopus 로고
    • Entrepreneurship and dynamic capabilities: a review, model and research agenda
    • Zahra S., Sapienza H., and Davidsson P. Entrepreneurship and dynamic capabilities: a review, model and research agenda. Journal of Management Studies 25 4 (2006) 917-955
    • (2006) Journal of Management Studies , vol.25 , Issue.4 , pp. 917-955
    • Zahra, S.1    Sapienza, H.2    Davidsson, P.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.