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Appears in Collections:Management, Work and Organisation Working Papers
Peer Review Status: Unrefereed
Title: Targeted Support for High Growth Firms: Theoretical Constraints, Unintended Consequences and Future Policy Challenges
Author(s): Brown, Ross
Mawson, Suzanne
Citation: Brown R & Mawson S (2015) Targeted Support for High Growth Firms: Theoretical Constraints, Unintended Consequences and Future Policy Challenges. RBF Working Paper Series, 15-006. Centre for Responsible Banking & Finance.
Issue Date: 1-Aug-2016
Date Deposited: 19-Jun-2019
Series/Report no.: RBF Working Paper Series, 15-006
Abstract: High growth firms are now a major focus within enterprise policy. This paper provides a theoretically informed analysis of the rationale and effectiveness of targeted public sector support designed to develop these firms. Drawing on empirical research undertaken in the UK, this paper challenges the appropriateness of the theoretical assumptions embodied in these state-backed support instruments. It outlines the nature of these programmes and provides a critique of some of their inherent weaknesses, revealing that the assumptions underpinning these programmes are often flawed. The paper examines the limitations of their selection procedures, the thematic nature of support and exit dynamics. It found that offering early stage firms intensive levels of resources may have important (and detrimental) unintended consequences previously overlooked by policy makers. The paper offers some suggestions for how policy instruments could be better attuned to the needs of these growth-oriented firms.
Type: Working Paper
Rights: The publisher has granted permission for use of this work in this Repository. Published in the RBF Working Paper Series:
Affiliation: University of St Andrews
Management, Work and Organisation

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