Introduction

Abstract

Firm growth has long been a topic of special interest to the research community in organization theory and strategy literature (Davidsson & Wiklund, 2013; Greve, 2008; Shepherd & Wiklund, 2009; Stenholm, 2011). But what exactly is meant by the construct of firm growth? According to Combs et al. (2005), growth constitutes one of the dimensions of organizational performance. More explicitly, they claim that a firm’s performance can be “dimensionalized into accounting returns, stock market, and growth measures” (Combs et al., 2005, p. 259).