High-Growth SMEs: A Specific Research Object

High-Growth SMEs: A Specific Research Object

Mohamed El Hakioui (Cadi Ayyad University, Morocco) and Abdenbi Louitri (Cadi Ayyad University, Morocco)
DOI: 10.4018/978-1-7998-1760-4.ch004
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This essay tries to highlight the economic importance of the high-growth SMEs phenomenon. In doing so, an attempt to define and specify this type of firms was conducted. From the authors' literature review it was found that there is no single definition of high-growth. Each researcher adopts a definition according to his research interests. Trying to discuss the economic importance of SMEs gazelles, analysis led to identify three main features of high-growth: high-growth persistence, the novelty and strategic voluntarism. These characteristics make the high-growth SMEs a specific research object.
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High-Growth Smes: Diversity Of Definitions

Moreno and Casillas (2000) indicate that high-growth is identified through two main features. Firstly, the achievement of high-growth, and secondly, the concentration of this high-growth in a short period of time. This definition raises three central questions:

  • From what level are we talking about high-growth?

  • How can we measure this growth?

  • On what interval of time do we have to make sure of the persistence of the high-growth to indicate a firm as gazelle?

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