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Achieving High Growth in Policy-Dependent Industries: Differences between Startups and Corporate-Backed Ventures

Georgallis, P and Durand, R (2016) Achieving High Growth in Policy-Dependent Industries: Differences between Startups and Corporate-Backed Ventures Long Range Planning.

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Abstract

This research examines which firms achieve high growth in policy-dependent industries. Using the European solar photovoltaic industry as our empirical setting, we investigate the impact of policy support on the growth of independent startups and corporate-backed ventures operating across countries with diverse policy conditions. We find that producers' growth is positively linked to policy generosity, and negatively linked to policy discontinuity. Moreover, corporate-backed ventures are less affected by policy generosity compared to entrepreneurial startups, and less impacted by policy discontinuity as well. Our results underline the importance of country- and firm-level differences in analyzing firms' response to regulatory policies, and point to the need for a better understanding of the unintended consequences of policies designed to support new industries.

Item Type: Article
Subjects : Sustainability
Authors :
NameEmailORCID
Georgallis, Pp.georgallis@surrey.ac.ukUNSPECIFIED
Durand, RUNSPECIFIEDUNSPECIFIED
Date : 29 June 2016
Identification Number : 10.1016/j.lrp.2016.06.005
Copyright Disclaimer : © 2016 Elsevier Ltd. All rights reserved.
Depositing User : Symplectic Elements
Date Deposited : 16 May 2017 15:39
Last Modified : 18 May 2017 13:14
URI: http://epubs.surrey.ac.uk/id/eprint/821088

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