High-growth companies in a digital transformation environment: An analysis of competitiveness factors for the eurozone
Francisco del Olmo-García - Fernando Javier Crecente-Romero – María Teresa del Val-Núñez - María Sarabia-Alegría
Keywords:
High growth companies, macroeconomic conditions, competitiveness factors, eurozone
Abstract:
The global economy is undergoing a process of digital transformation that impacts both competitiveness and the structure of the business environment. This process also presents opportunities for the development of companies, increasing numbers of which have become high-growth companies, which in turn has effects on the very structure of business.
High-growth companies are becoming increasingly prevalent in the business structure of the eurozone, both in terms of their numbers and in terms of employment generation. This, along with the growing importance of sectors related to artificial intelligence, makes it imperative that research attention is paid to the factors that enhance the development of this group of companies.
This paper aims to analyse the competitiveness-related factors that influence the prevalence of high-growth companies in the computer programming, consultancy and related activities sector (NACE category J62) in the eurozone’s business structure. To this end, different models have been developed, based on panel data from 2013 to 2017, comprising macroeconomic variables and competitiveness factors provided by the World Bank, in order to explain the proportion of high-growth firms in eurozone economies. The results show that the key factors explaining the prevalence of high-growth firms in any particular country are economic growth, credit growth, labour market efficiency, market size and business sophistication.
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 High-growth companies in a digital transformation environment: An analysis of competitiveness factors for the eurozone [PDF file] [Filesize: 738.49 KB]
 10.7441/joc.2025.04.14
del Olmo-García, F., Crecente-Romero, F. J., del Val-Núñez, M. T., & Sarabia-Alegría, M. (2025). High-growth companies in a digital transformation environment: An analysis of competitiveness factors for the eurozone. Journal of Competitiveness, 17(4), 378-401. https://doi.org/10.7441/joc.2025.04.14
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