| 000 | 02391namaa2200385uu 4500 | ||
|---|---|---|---|
| 001 | doab72854 | ||
| 003 | oapen | ||
| 005 | 20260305123947.0 | ||
| 006 | m o d | ||
| 007 | cr|mn|---annan | ||
| 008 | 211117s2021 xx |||||o ||| 0|eng d | ||
| 020 | _a/doi.org/10.2867/20387 | ||
| 020 | _a9789286150500 | ||
| 024 | 7 |
_ahttps://doi.org/10.2867/20387 _2doi |
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| 040 |
_aoapen _coapen |
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| 041 | 0 | _aeng | |
| 042 | _adc | ||
| 072 | 7 |
_aKC _2bicssc |
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| 720 | 1 |
_aEuropean Investment Bank _4aut |
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| 245 | 0 | 0 | _aEIB Working Paper 2021/08 - Do capacity constraints trigger high growth for enterprises? |
| 260 |
_bEuropean Investment Bank _c2021 |
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| 300 | _a1 online resource | ||
| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_acomputer _bc _2rdamedia |
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| 338 |
_aonline resource _bcr _2rdacarrier |
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| 506 | 0 |
_aFree-to-read _fUnrestricted online access _2star |
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| 520 | _aHigh-Growth Enterprises have a large economic impact, but it is notoriously hard to predict when firms will experience episodes of high growth. This paper proposes that firms reaching critically high capacity utilisation levels reach a 'trigger point' involving either broad-based investment in further growth, or shrinking back to previous levels. It analyses EIBIS survey data (matched to the ORBIS database) which features a question on time-varying capacity utilisation. Overcapacity is a transitory state. Firms enter into overcapacity after a period of rapid growth of sales and profits, and the years surrounding overcapacity have higher employment growth rates. Firms operating at overcapacity make incremental investments (e.g. capacity expansion, process improvements, and modern machinery) rather than investing in R&D and new product development. The analysis finds support for the 'fork in the road' hypothesis: for some firms, overcapacity is associated with launching into massive investments and subsequent sales growth, while for other firms, overcapacity is negatively related to both investments and sales growth. | ||
| 540 |
_aAll rights reserved _uhttp://oapen.org/content/about-rights |
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| 546 | _aEnglish | ||
| 650 | 7 |
_aEconomics _2bicssc |
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| 653 | _aBusiness & Economics | ||
| 653 | _aFree Enterprise & Capitalism | ||
| 793 | 0 | _aDOAB Library. | |
| 856 | 4 | 0 |
_uhttps://directory.doabooks.org/handle/20.500.12854/72854 _70 _zFree-to-read: DOAB: description of the publication |
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_c92771 _d92771 |
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