High-Growth Enterprises: What Governments Can Do to Make a Difference (OECD Studies on SMEs and Entrepreneurship)

This Report Presents Reports From 15 Countries That Provide Interesting Insights Into The Operations Of And Challenges Faced By High-growth Enterprises As Well As A Policy Survey Of 340 Programmes In 24 Countries. Foreword......Page 5 Table of contents......Page 7 Executive Summary......Page 11 Part I. Addressing the needs of high-growth enterprises......Page 13 What powers high-growth enterprises?......Page 15 Introduction......Page 16 Overview of empirical literature......Page 21 Factors that drive high enterprise growth: Evidence from the country studies......Page 47 Introduction......Page 48 Key findings......Page 50 Summary of findings......Page 57 Government policies to support high-growth enterprises......Page 63 The WPSMEE Policy Survey......Page 64 Concluding remarks and policy recommendations......Page 75 Part II. Country studies on high-growth enterprises......Page 83 High-growth SMEs in Latin America's service sector: Six case studies......Page 85 SMEs, entrepreneurship, and the innovation context in Latin America......Page 86 Dynamic entrepreneurship in Latin America......Page 89 A qualitative approach to HGSMES in Latin America and the Caribbean (LAC)......Page 91 Concluding remarks and policy recommendations......Page 97 High-growth firms in Switzerland: Analysis of 11 firms......Page 103 Case studies of 11 businesses......Page 104 High-growth firms and employment growth......Page 113 Conclusions......Page 117 Process innovation: Driver of enterprise growth in the Czech Republic......Page 121 Introduction......Page 122 Overview of the sample......Page 123 Analysis and results......Page 125 Conclusions......Page 135 Strong customer/supplier relationships: A key to enterprise growth in Japan......Page 139 Introduction......Page 140 Empirical hypotheses......Page 141 Data and variables......Page 142 Empirical approach and results......Page 149 Interviews with HGSMEs......Page 152 Conclusions......Page 155 Finland: Intellectual asset management among high-growth SMEs......Page 159 Survey Data......Page 160 Innovation activity and HGSMEs......Page 163 Managing and protecting IA......Page 165 Summary of the use of protection practices......Page 176 Financing growth and innovation in France......Page 181 How many firms are innovative or high-growth?......Page 182 An assessment of the financial constraint......Page 184 A system based on complementarity......Page 187 Financing and Proximity......Page 191 Innovative and high-growth SMEs policies in France: A strong commitment of the state......Page 193 A structural framework: From individual support to a collective dynamic......Page 195 The financing of innovative firms in Canada......Page 205 Data......Page 206 Results......Page 208 Summary and conclusions......Page 219 Are innovation firms at a credit disadvantage? The evidence from Italy......Page 221 Introduction......Page 222 Research design......Page 223 Results of the econometric estimates......Page 229 Conclusions......Page 232 The success of several well-known new ventures in technological fields, which in little more than a decade have jumped from the state of start-ups to that of top international businesses, has pointed to innovation as a key factor in the high growth of firms. These high-growth enterprises often drive job creation and innovation, so policy makers are increasingly making such companies a key focus. Specifically, how can government policy foster the creation of more high-growth enterprises; what are the growth factors, and how can they be leveraged; what are the appropriate ways to provide such support? To help answer these questions, this report presents findings from two new research studies: (1) reports from 15 countries (Australia, Brazil, Canada, Chile, Czech Republic, Finland, France, Italy, Japan, Mexico, Netherlands, Portugal, Spain, Switzerland and Tunisia) that provide interesting insights into the operations of and challenges faced by high-growth enterprises; (2) a policy survey by the OECD Working Party on SMEs and Entrepreneurship, which reviewed more than 340 programs that policy makers in 24 countries have put in place to support the growth of enterprises. Some of this report's findings include: any firm can be a growth company; growth is almost always a temporary phase; high-growth small firms are funded mostly by debt, not equity. These and other insights are summarized and analyzed, providing policy makers with ideas on how to power growth at the firm level.--Publisher's description The spectacular success of several well-known new ventures in technological fields, which in little more than a decade have jumped from the state of start-ups to that of top international businesses, has pointed to innovation as a key factor in the high growth of firms. These high-growth enterprises often drive job creation and innovation, so policy makers are increasingly making such companies a key focus. Specifically, how can government policy foster the creation of more high-growth enterprises; what are the growth factors, and how can they be leveraged; what are the appropriate ways to pr