Abstract
Purpose: This study attempts to standardize firm endogenous growth measures by performing exploratory factor analysis on nine firm endogenous growth measures (equity book value, equity market value, working capital, stock R&D investments, stock advertisement investment, stock capital asset investment, operating expenses, sales revenue, and the number of employees).
Methodology: Data was generated by pooling a panel dataset of 116 firms and13 years timespan data.
Main Findings: The result of the analysis reveals three underlying firm growth factors (namely firm financials, operations, and capabilities) representing the initial nine growth measures.
Implications/Applications: The results of this research can be used as the bases for further research in firm endogenous growth model analysis.
Publisher
Maya Global Education Society
Subject
General Social Sciences,General Arts and Humanities