Financial Determinants of High-Growth Companies: A Conceptual Model

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This book explores the factors that contribute to high corporate growth, presenting a new conceptual model for research into this phenomenon. Building on existing research, the authors present a new conceptual research model that links multidimensional variables, such as entrepreneurial orientation, and human capital, with the perceived availability of different forms of financing for high-growth companies and with the measures that these firms take to overcome financial constraints and thus influence their financial performance. With this model the authors aim to enhance our understanding of the specifics of financing high growth companies and demonstrate how the availability of financial resources is one of the most important determinants of promoting development and enterprise growth. Empirically tested on a random sample of high-growth companies from Slovenia, the book seeks to make a contribution to research and enhance our understanding of the various factors involved in high growth firms.

Author(s): Blaž Frešer, Karin Širec, Polona Tominc
Publisher: Palgrave Macmillan
Year: 2020

Language: English
Pages: 160
City: Cham

Acknowledgements
Contents
List of Tables
Chapter 1: Introduction
Bibliography
Chapter 2: High-Growth Companies: Origins, Characteristics, Growth Determinants and Performance
2.1 High-Growth Companies
2.1.1 Demographic and Factual Characteristics of High-Growth Companies
2.2 Financing of High-Growth Companies
2.3 Entrepreneurial Orientation of High-Growth Companies
2.4 Intangible Capital of High-Growth Companies
2.5 Financial Performance of High-Growth Companies
Bibliography
Chapter 3: Multidimensional Model of High-Growth Companies’ Performance
3.1 Definition of Key Theories for the Development of Research Models
3.1.1 Theory of the Growth of the Firm and Resource-Based Theory
3.1.2 Effectuation Theory
3.1.3 Capital Structure Theories
3.1.4 Starting Points and Developed Models of Entrepreneurial Process and Growth
3.2 Research Model
3.2.1 Entrepreneurial Orientation and Perceived Financial Resources Availability
3.2.2 Entrepreneurial Orientation and Measures Implemented to Overcome Financial Constraints
3.2.3 High-Growth Companies’ Intangible Capital and Perceived Financial Resources Availability
3.2.4 High-Growth Companies’ Intangible Capital and Measures Implemented to Overcome Financial Constraints
3.2.5 Measures Implemented to Overcome Financial Constraints and Perceived Financial Resources Availability
3.2.6 Perceived Financial Resources Availability and  High-Growth Companies’ Perceived Financial Performance
3.2.7 Measures Implemented to Overcome Financial Constraints and High-Growth Companies’ Perceived Financial Performance
Bibliography
Chapter 4: Empirical Research: Case of Slovenia
4.1 Introduction into Empirical Research
4.1.1 Data Sources and Sample
4.1.2 Methodology
4.1.3 Questionnaire Description
4.2 Results
4.2.1 Exploratory Factor Analysis
4.2.2 The SEM Model—First Order Factors
4.2.3 The SEM Model—Second Order Factors
4.2.4 Hypotheses (Second Order Factors) and Sub-hypotheses (First Order Factors) Testing
Bibliography
Chapter 5: Policy Implications for the Real World
Bibliography
Chapter 6: Where We Go from Here
Bibliography
Bibliography
Index