We address issues related to whom new ventures hire as a function of their pace of growth. Our results are based on a study of over 360,000 hiring decisions among Swedish new ventures between 2007 and 2013. In order to study whether the recruitment decision is dependent on the growth rate, we divide growing firms into five categories based on their sales growth rate over a three-year interval. We find a unique pattern of new venture hiring practices that differ along the growth rate distribution, including stark contrasts between the fastest-growing and slow growth firms. Implications for theorizing and empirical examinations of growth firms are discussed.
Daunfeldt, Sven-Olov; McKelvie, Alexander; and Westerberg, Hans Seerar
"WHOM DO GROWING FIRMS HIRE? A LONGITUDINAL INVESTIGATION OF NEW VENTURES ACROSS GROWTH RATES AND PHASES,"
Frontiers of Entrepreneurship Research: Vol. 37
, Article 1.
Available at: https://digitalknowledge.babson.edu/fer/vol37/iss8/1