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HGX: the anatomy of high growth exporters.

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Authors: Srhoj, Stjepan1 (AUTHOR), Coad, Alex2 (AUTHOR) alex.coad@waseda.jp, Walde, Janette3 (AUTHOR)
Source: Small Business Economics. Dec2024, Vol. 63 Issue 4, p1695-1720. 26p.
Subject Terms: *Export trading companies, *New employees, *Employment in foreign countries, *Exporters, *New product development
Abstract: Previous work has found that a small number of export superstars contribute disproportionally to the economy's overall exports. Differently from export superstars, this study is the first to define high growth exporters (HGXs) (that are not export superstars) as a new firm category. We provide their economic importance and depict their micro-level anatomy. By tracking HGXs in Croatia for over a quarter of a century, 44 out of 100 export superstars in 2019 were previously HGXs. HGXs represent only 0.5% of all firms and 18% of high growth firms (HGFs) in the economy, but are responsible for about 25% of new exports and 5% of new jobs. During their growth episode, HGXs hire more employees from technology intensive industries with previous experience in exporting. They often hire on a single year work contract, and more frequently send new employees to work abroad. HGX also increase their presence in more advanced markets, increase the number of new export products and decrease their reliance on the largest product or largest export market. We argue HGXs represent an under-researched category of firms. [ABSTRACT FROM AUTHOR]
Database: Entrepreneurial Studies Source
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DbLabel: Entrepreneurial Studies Source
An: 180971344
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PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 0
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  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Srhoj%2C+Stjepan%22">Srhoj, Stjepan</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Coad%2C+Alex%22">Coad, Alex</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> alex.coad@waseda.jp</i><br /><searchLink fieldCode="AR" term="%22Walde%2C+Janette%22">Walde, Janette</searchLink><relatesTo>3</relatesTo> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Small+Business+Economics%22">Small Business Economics</searchLink>. Dec2024, Vol. 63 Issue 4, p1695-1720. 26p.
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  Label: Subject Terms
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  Data: *<searchLink fieldCode="DE" term="%22Export+trading+companies%22">Export trading companies</searchLink><br />*<searchLink fieldCode="DE" term="%22New+employees%22">New employees</searchLink><br />*<searchLink fieldCode="DE" term="%22Employment+in+foreign+countries%22">Employment in foreign countries</searchLink><br />*<searchLink fieldCode="DE" term="%22Exporters%22">Exporters</searchLink><br />*<searchLink fieldCode="DE" term="%22New+product+development%22">New product development</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Previous work has found that a small number of export superstars contribute disproportionally to the economy's overall exports. Differently from export superstars, this study is the first to define high growth exporters (HGXs) (that are not export superstars) as a new firm category. We provide their economic importance and depict their micro-level anatomy. By tracking HGXs in Croatia for over a quarter of a century, 44 out of 100 export superstars in 2019 were previously HGXs. HGXs represent only 0.5% of all firms and 18% of high growth firms (HGFs) in the economy, but are responsible for about 25% of new exports and 5% of new jobs. During their growth episode, HGXs hire more employees from technology intensive industries with previous experience in exporting. They often hire on a single year work contract, and more frequently send new employees to work abroad. HGX also increase their presence in more advanced markets, increase the number of new export products and decrease their reliance on the largest product or largest export market. We argue HGXs represent an under-researched category of firms. [ABSTRACT FROM AUTHOR]
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      – Type: doi
        Value: 10.1007/s11187-024-00884-5
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      – Code: eng
        Text: English
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        PageCount: 26
        StartPage: 1695
    Subjects:
      – SubjectFull: Export trading companies
        Type: general
      – SubjectFull: New employees
        Type: general
      – SubjectFull: Employment in foreign countries
        Type: general
      – SubjectFull: Exporters
        Type: general
      – SubjectFull: New product development
        Type: general
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      – TitleFull: HGX: the anatomy of high growth exporters.
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            NameFull: Srhoj, Stjepan
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            NameFull: Coad, Alex
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            – D: 01
              M: 12
              Text: Dec2024
              Type: published
              Y: 2024
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            – TitleFull: Small Business Economics
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