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Article in Journal ()

Myth-Busting and Entrepreneurship Policy: The Case of High Growth Firms

Citation
Brown R, Mawson S & Mason C (2017) Myth-Busting and Entrepreneurship Policy: The Case of High Growth Firms, Entrepreneurship and Regional Development, 29 (5-6), pp. 414-443.

Abstract
Promoting high growth firms (HGFs) has become a strong fixation within enterprise policy. This is a debate article seeking to examine and challenge the mythology perpetuated by policy makers and embedded within high growth entrepreneurship policy frameworks. Within the article we argue that a number of distinctive ‘myths' have become deeply embedded within these policy frameworks. Such myths have been built on misconceived preconceptions of HGFs, which has resulted in policy-makers taking a myopic view of these firms. A key aim of the paper is to highlight how false perceptions of HGFs translate into inappropriate policy interventions. The paper challenges some of the most commonly held myths about these firms (that they are predominantly young, small, high-tech, VC-backed, university spin-outs, who grow in an orderly organic fashion, operating similarly irrespective of location) and identifies a clear mismatch between how policy makers perceive HGFs and what they actually look like in reality. Suggestions for the design of future policy approaches are forwarded.

Keywords
Myths; Entrepreneurship; High Growth Firms; Gazelles; Enterprise Policy

StatusPublished
AuthorsBrown Ross, Mawson Suzanne, Mason Colin
Publication date2017
Publication date online15/02/2017
Date accepted by journal02/02/2017
PublisherTaylor and Francis
ISSN 0898-5626
LanguageEnglish

Journal
Entrepreneurship and Regional Development: Volume 29, Issue 5-6

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