What we know about high-growth firms, and what we do not: a systematic review.

Hamilton, Robert T.; Ng, Poh Yen

Abstract

High-growth firms are at the forefront of academic research and policymaking in support of job creation. This article provides an overview of what we know about these firms and what we do not. It is based on a systematic review of 159 papers published in higher-ranked academic journals from 1985 to 2022, supplemented by key papers published subsequently. The growing volume of research is channelled along what are becoming well-worn paths. It has entered a phase of diminishing returns before reaching any consensus on two pivotal questions: What are the antecedents of a high-growth episode, and why are these so short-lived? There is also growing scepticism among scholars on the feasibility and merit of having high-growth firms as a policy focus. It concludes by assessing the field and suggesting new research approaches and methods.

Citation

HAMILTON, R.T. and NG, P.Y. [2025]. What we know about high-growth firms, and what we do not: a systematic review. International small business journal [online], OnlineFirst. Available from: https://doi.org/10.1177/02662426251316441

• Journal Article Type: Review
• Acceptance Date: Jan 14, 2025
• Online Publication Date: Feb 10, 2025
• Deposit Date: Jan 30, 2025
• Publicly Available Date: Jan 30, 2025
• Journal: International small business journal
• Print ISSN: 0266-2426
• Electronic ISSN: 1741-2870
• Publisher: SAGE Publications
• Peer Reviewed: Peer Reviewed
• DOI: https://doi.org/10.1177/02662426251316441
• Keywords: High-growth firms; Growth drivers; Growth impacts; Economic policies
• Public URL: https://rgu-repository.worktribe.com/output/2675478