TY - CHAP
T1 - Policy Instruments for High-Growth Enterprises
AU - Coad, Alex
AU - Harasztosi, Péter
AU - Pál, Rozália
AU - Teruel, Mercedes
N1 - Funding Information:
We are grateful to Sofia Amaral-Garcia, Peter Bauer, Andrea Crisanti, Clemens Domnick, Helmut Kraemer-Eis, Pavlova Elitsa, Debora Revoltella, Sebastian Schich, and Wouter van der Wielen for many helpful discussions and comments. We are also grateful to Karl Wennberg and Christian Sandström (the editors) and an anonymous reviewer for helpful feedback. Any remaining errors are ours alone. The views expressed in this publication are those of the authors and do not necessarily reflect the position of the European Investment Bank.
Publisher Copyright:
© 2022, The Author(s).
PY - 2022
Y1 - 2022
N2 - High-Growth Enterprises (HGEs) have received growing interest from entrepreneurship scholars, the business press, and of course policymakers. HGEs can potentially make large contributions to economic growth, which has led to various policy initiatives. This chapter discusses the main topics surrounding policy interventions for HGEs, including a discussion of the various rationales for policy interventions. We next discuss the many areas that relate to possible HGE policy instruments. We then evaluate some previous HGE policy instruments, discuss some that have been successful, and possible areas for improvement. Our main policy suggestions are critical listening to stakeholders by policymakers, identifying the decision points (e.g., growth trigger points) to leverage the impact of growth stimuli, designing incentives in the spirit of up or out dynamics, and enhancing the coordination of HGE policies.
AB - High-Growth Enterprises (HGEs) have received growing interest from entrepreneurship scholars, the business press, and of course policymakers. HGEs can potentially make large contributions to economic growth, which has led to various policy initiatives. This chapter discusses the main topics surrounding policy interventions for HGEs, including a discussion of the various rationales for policy interventions. We next discuss the many areas that relate to possible HGE policy instruments. We then evaluate some previous HGE policy instruments, discuss some that have been successful, and possible areas for improvement. Our main policy suggestions are critical listening to stakeholders by policymakers, identifying the decision points (e.g., growth trigger points) to leverage the impact of growth stimuli, designing incentives in the spirit of up or out dynamics, and enhancing the coordination of HGE policies.
KW - Entrepreneurship policy
KW - Firm growth
KW - High-growth enterprises
KW - High-growth firms
KW - SME policy
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U2 - 10.1007/978-3-030-94273-1_15
DO - 10.1007/978-3-030-94273-1_15
M3 - Chapter
AN - SCOPUS:85133779607
T3 - International Studies in Entrepreneurship
SP - 273
EP - 298
BT - International Studies in Entrepreneurship
PB - Springer
ER -