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date: 05 March 2021

Abstract and Keywords

This article first summarizes the main stylized empirical facts about firm growth. Then it relates these findings to received theories of firm growth, adding particular emphasis on Schumpeterian entrepreneurship. It then turns to the finance of growth, identifying the main causes of constraints and the type of firms most affected by them. It demonstrates how venture capital can mitigate financing constraints and surveys the empirical evidence about its impact on firm growth before summarizing the findings.

Keywords: firm growth, schumpeterian entrepreneurship, venture capital, capital constraints, financing constraints, empirical evidence

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