CARLOS ROBERTO FRANCISCO BARA
Doctorate - RELEVANT VARIABLES FOR HIGH GROWTH FIRMS IN BRAZIL
Advisor: Prof. Dr. Guilherme Ary Plonski
Comission: Prof. Dr. Marcelo Caldeira Pedroso, Prof. Dr. Tales Andreassi e Prof. Dr. Marcelo Hiroshi Nakagawa
Class: 217, FEA-5
Entrepreneurship has been object of encouragement in the world and in Brazil, given its significant contribution to the economic and social development of a nation. It is observed that the majority of companies, existing or new, are developing slowly and gradually; however, small share presents a different pattern, with high growth in turnover or number of employees: they are the high growth firms (HGFs). These firms are responsible for a large part of job creation (Birch, 1981; Coad, Daunfeldt, Holzl, Johansson, & Nightingale, 2014, Henrekson & Johansson, 2010, OECD, 2010). The main objective of this thesis was to identify the variables that help to explain the performance of the HGFs; using OECD (2007) definitions to characterize them and Logistic Regression as the main model of analysis, a survey was conducted with 470 Brazilian companies, collecting more than 30 categorical or metric predictors. The obtained results indicated an increase in the probability of HGFs when they related to accelerators, received awards or were spin-offs of other companies; the entrepreneurs' perception of the importance attributed to management tools, such as trademark registration or bank loans, also showed a significant impact for the HGFs. Additional analyzes with the subgroup of HGFs characterized as gazelles were made. Although it presents limitations of surveys and others, the thesis confirmed part of the results of the literature on entrepreneurship and identified avenues for future researches.
*Abstract provided by the author