High-growth firms and productivity:evidence from the United Kingdom

Abstract There is considerable evidence that high-growth firms (HGFs) contribute significantly to employment and economic growth. However, the literature so far does not adequately explore the link between HGFs and productivity. This paper investigates the empirical link between total factor productivity (TFP) growth and HGFs, defined in terms of sales growth, in the United Kingdom over the period 2001-2010, by examining two related research questions. Firstly, does higher TFP growth lead to HGF status and secondly, does HGF experience help firms achieve faster TFP growth? Our findings reveal that firms in both the manufacturing and services sectors are more likely to become HGFs when they exhibit higher TFP growth. In addition, firms that have had HGF experience tend to enjoy faster TFP growth following the high-growth episodes. Policy implications are drawn based on the self-reinforcing process of the high-growth phenomenon that is revealed by our results

Family Businesses and Adaptation: A Dynamic Capabilities Approach

The main objective of this research was to propose a framework centred on the dynamic capabilities approach, and to be applied in the context of family businesses’ adaption to their changing business environment. Data were gathered through interviews with ten FBs operating in Western Australia. Based on the findings, the clusters of activities, sensing, seizing, and transforming emerged as key factors for firms’ adaptation, and were reinforced by firms’ open culture, signature processes, idiosyncratic knowledge, and valuable, rare, inimitable and non-substitutable attributes. Thus, the usefulness of the proposed framework was confirmed. Implications and future research opportunities are presented. © 2018, The Author(s)

Women and power: a theoretical approach using the example of copreneurial businesses

Despite the gradual recognition of strategic issues related to the integration of women into the economy, female entrepreneurship continues to receive little attention. Family business research attributes this situation to a lack of recognition given to the (decisive) role of women in these organizations. However, there is one type of family governance that formally acknowledges the man/woman combination: the copreneurial company. Copreneurs are couples who run a business together. This theoretical article highlights the role of women in the copreneurial context by distinguishing between formal and informal power- the latter being primarily held by women, but which is no less influential. The distribution of power reduces opposition costs between partners and the social costs of non-compliance, and improves the clarity of the entrepreneurial structure. Moreover, it increases satisfaction and a feeling of equality between the partners. These results can be generalized and shed light on the role of women in other entrepreneurial and social contexts. This article is published as part as part of a collection on the role of women in management and business

Comparison of Human Primary with Human iPS Cell-Derived Dopaminergic Neuron Grafts in the Rat Model for Parkinson's Disease

Neuronal degeneration within the substantia nigra and the loss of the dopaminergic nigro-striatal pathway are the major hallmarks of Parkinson’s disease (PD). Grafts of foetal ventral mesencephalic (VM) dopaminergic (DA) neurons into the striatum have been shown to be able to restore striatal dopamine levels and to improve overall PD symptoms. However, human foetus-derived cell grafts are not feasible for clinical application. Autologous induced pluripotent stem cell (iPS cell)-derived DA neurons are emerging as an unprecedented alternative. In this review, we summarize and compare the efficacy of human iPS cell-derived DA neuron grafts to restore normal behaviour in a rat model for PD with that of human foetal primary DA neurons. The differences we observed in the efficacy to restore normal function between the 2 types of DA neuron grafts could be ascribed to intrinsic properties of the iPS cell-derived DA neurons that critically affected survival and proper neurite extension in the striatum after implantation

Enhancing the financial literacy of young people: A conceptual approach based on the variation theory of learning

Aside from being pertinent to the financial stability and economic development, financial literacy is regarded as an essential life skill for young people, which enables them to participate in modern society. National surveys, however, have consistently revealed that the levels of financial literacy of young people are among the lowest as compared to the other demographics. Increasingly more countries are recognizing the importance of financial literacy and are developing financial education programs for schoolchildren. The main goal of many of these programs is to equip young people with the knowledge necessary to manage their financial resources effectively in a practical but piecemeal manner, such as knowledge of how to maintain a bank account and how to budget. The emphasis of these programs is on practical knowledge. In contrast to this prevailing approach, we advocate a conceptual approach based on the variation theory of learning to enhance the financial literacy of young people. It is argued that helping learners develop an in-depth understanding of a cluster of core financial concepts through the use of desirable patterns of variation and invariance will make it possible for the learners to develop an analytical framework, or a “lens”, based on the disciplines of economics and finance. In this way, learners will be able to evaluate financial situations in a more sophisticated way, as this lens will empower them to attend to the critical aspects of a financial situation that they have not discerned before. As a result, they will be able to see their financial situation in a new light and have a greater chance of making well-reasoned financial decisions

Factors Associated with Long-Term Survival of Family Businesses: Duration Analysis

Family business, Family firm, Business owning family, Disaster resiliency, Family business sustainability, Family business survival, Duration analysis,