Understanding Long-Run Growth and Survival of High-Tech Ventures

6 Pages Posted: 6 Oct 2014

See all articles by Josh Siepel

Josh Siepel

University of Sussex - Science and Technology Policy Research Unit (SPRU)

Marc Cowling

University of Sussex - Institute for Employment Studies

Alex Coad

CENTRUM Catolica Graduate Business School

Date Written: October 6, 2014

Abstract

Despite the importance of high technology firms to the UK’s economy, relatively little is known about factors contributing to these firms’ long-run growth and survival. We examine these factors using a unique longitudinal dataset combining two waves of detailed surveys of 345 UK high tech firms and performance and survival data. We explore factors contributing to the performance and survival of these firms. Our results show that long-term survival rates are near two thirds for the firms in our sample, and that performance within the sample is skewed by a limited number of high performing firms. Overall we conclude that the early strategic decisions made by firms have long-run impacts on their survival and growth, and we suggest that policy measures targeted at shortfalls faced by these firms may have positive long-term consequences.

Suggested Citation

Siepel, Josh and Cowling, Marc and Coad, Alex, Understanding Long-Run Growth and Survival of High-Tech Ventures (October 6, 2014). Available at SSRN: https://ssrn.com/abstract=2506267 or http://dx.doi.org/10.2139/ssrn.2506267

Josh Siepel (Contact Author)

University of Sussex - Science and Technology Policy Research Unit (SPRU) ( email )

Mantell Building
Falmer
Brighton BN1 9RH UK, Sussex
United Kingdom

Marc Cowling

University of Sussex - Institute for Employment Studies ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Alex Coad

CENTRUM Catolica Graduate Business School ( email )

1801 Universitaria Avenue
San Miguel
Lima, Lima Lima32
Peru

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