... by focusing on a specific measure of firm performance, firm growth. The moderating effect of industry growth in the aforementioned relationship is also considered, which advances knowledge on the role of moderators. Design/methodology/approach This study resorts to data from a sample of 21,476 Portuguese...

...., 2011). However, Lundström and Kremel (2009) demonstrated very high failure rates among SMEs in the first life-cycle stages. This suggests a need to consider not only the number of start-ups but also the effects of firm growth on employment rates. Since the seminal work of Birch (1981) , many...