New venture growth: A review and extension

New venture growth differs from that of established firms and is an important topic for scholarly inquiry. Current literature on new venture growth has focused primarily on why new ventures grow to the exclusion of how and where that growth is occurring. This article reviews the literature on new venture growth and addresses key limitations within this stream of research. It unites the literature on why new ventures grow with that of how (through internal or external means) and where (in domestic or international markets) new ventures grow to advance an important research agenda for future new venture growth studies.