dissertation in pdf-format - Aalto-yliopisto

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This research project would not have been possible without funding from the following organizations: the Foundation of Economic Education, the Foundation for Private Entrepreneurs, the Finnish Cultural Foundation (South-Savo Region, Kaisa ja Urho Kiukkaan rahasto; North-Savo Region, Kuopion kaupungin rahasto), the Yrjö Uitto Foundation, The Kaute Foundation (Laura ja Aarne Karjalaisen erikoisrahasto), the Helsinki School of Economics Foundation, the Small Business Center Foundation and Mikkeli University Consortium Fund (MUC). Finally, I would like to thank my family and relatives for supporting me during this journey, deepest gratitude belongs to Katja and Justus for their understanding and love. Mikkeli, January 2013 Tomi Heimonen
CONTENTS PART 1: Overview of the dissertation 1 Introduction ............................................................................. 5 1.1 Relevance of the studies .......................................................................... 5 1.2 Research aims, objectives and questions ............................................... 9 1.3 Outline of the studies ........................................................................... 11 1.4 Key concepts and abbreviations used in the studies ........................... 14 2 Literature review and conceptual framework ......................... 15 2.1 Entrepreneurship, innovation and performance research ................. 15 2.2 Innovativeness and growth .................................................................. 19 2.2.1 Context, innovativeness and growth ............................................ 19 2.2.2 Characteristics of innovative growing SMEs ...............................22 2.2.3 Resources and innovative growing SMEs .................................... 23 2.3 Characteristics of HGS SMEs and methodological challenges ........... 25 2.3.1 Characteristics of HGS SMEs ........................................................ 25 2.3.2 Methodological challenges of analysing HGS SMEs ................... 27 2.4 The development of HGS SMEs ......................................................... 30 2.5 Innovation and growth policy support initiatives ............................... 31 2.6 Conceptual framework ......................................................................... 33 3 Research methodology ........................................................... 35 3.1 Methodology applied in the studies ..................................................... 35 3.2 Research strategy and design .............................................................. 37 3.3 Data and analytical methods ............................................................... 37 3.3.1 Data ................................................................................................ 37 3.3.2 Analytical methods ...................................................................... 40 3.4 Models and operationalization of variables ....................................... 42 3.5 Validity and reliability in mixed method studies ................................43 4 Results, evaluation of the studies and concluding remarks .... 48 4.1 Summary of the results and conclusions ............................................ 48 4.2 Theoretical and practical contributions and implications ................. 54 4.3 Limitations ........................................................................................... 57 4.4 Avenues for future research ................................................................ 58 References ................................................................................ 60 Appendixes ............................................................................... 74 PART 2: Articles
Page 3 and 4: Aalto University publication series
Page 5: Author Tomi Heimonen Name of the do
Page 9: Acknowledgements This dissertation
Page 13: List of Articles This thesis is bas
Page 16 and 17: 1 Introduction Some scholars claim
Page 18 and 19: 1 Introduction In addition, the dur
Page 20 and 21: 1 Introduction Figure 1: Framework
Page 22 and 23: 1 Introduction factors that affect
Page 24 and 25: 1 Introduction 1.4 Key concepts and
Page 26 and 27: 2 Literature review and conceptual
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4 Results, evaluation of the studie
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References Abetti, P. A. (2001). Ac
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References Bhide, A. (2000). The or
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References Creswell, J. W. (2003).
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References Golafshani, N. (2003). U
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References Leitch, C., Hill, F., an
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References Pellikka, J. and Laurone
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References Storper, M. (1992). The
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Appendixes Overview: Appendix 1: Ke
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Appendixes High growth When examini
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Appendixes profitability, liquidity
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Appendixes Appendix 1 Continued (Ke
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Appendixes Appendix 2 Construction
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Appendixes Appendix 2 Continued (Co
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not increased compared to Eastern F
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propensity for risk taking (Covin a
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2. Former studies and derivation of
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firm’s annual sales growth (Arund
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H4. Firm success has an impact on t
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other branches in which employment
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and Rao, 2008). Because of the unev
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Table 1. Characteristics of the dat
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firms from other firms. The data in
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Table 2. Logistic Regression analys
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Public R&D funding was shown to inc
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References Achtenhagen, L., Naldi,
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Kanter, R. (1985), “Supporting in
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Appendix 1. Corporate population ch
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Appendix 3. Distribution of personn
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12 Int. J. Business and Globalisati
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14 T. Heimonen and M. Virtanen we u
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16 T. Heimonen and M. Virtanen suff
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18 T. Heimonen and M. Virtanen Glan
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20 T. Heimonen and M. Virtanen 3.2.
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22 T. Heimonen and M. Virtanen diff
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24 T. Heimonen and M. Virtanen sepa
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26 T. Heimonen and M. Virtanen Tabl
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28 T. Heimonen and M. Virtanen All
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30 T. Heimonen and M. Virtanen 5.2
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32 T. Heimonen and M. Virtanen Tabl
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34 T. Heimonen and M. Virtanen The
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36 T. Heimonen and M. Virtanen Davi
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38 T. Heimonen and M. Virtanen Appe
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40 T. Heimonen and M. Virtanen 100
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412 M. Virtanen and T. Heimonen “
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418 M. Virtanen and T. Heimonen Fig
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422 M. Virtanen and T. Heimonen the
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424 M. Virtanen and T. Heimonen 4.6
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426 M. Virtanen and T. Heimonen exc
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428 M. Virtanen and T. Heimonen Dav
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430 M. Virtanen and T. Heimonen The
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432 M. Virtanen and T. Heimonen Cha
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392 Int. J. Entrepreneurial Venturi
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394 J. Siikonen et al. firms’ gro
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396 J. Siikonen et al. generally re
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398 J. Siikonen et al. determinants
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400 J. Siikonen et al. 3.1 National
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402 J. Siikonen et al. 2 the firm
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404 J. Siikonen et al. 4 Results 4.
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406 J. Siikonen et al. innovation a
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408 J. Siikonen et al. the responde
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410 J. Siikonen et al. activities i
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412 J. Siikonen et al. Eastern Finl
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414 J. Siikonen et al. Delmar, F.,
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416 J. Siikonen et al. Oerlemans, L
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418 J. Siikonen et al. Appendix 1 V
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