Impact of intellectual capital on small-firm growth: a longitudinal study from Inc. 5000

We explore whether intellectual capital is a precursor to Small and Medium Enterprise (SME) growth. use data from Inc. 5000 of fast-growing SMEs in the USA match companies patent applications. zero-inflated negative binomial model corrected for endogeneity account many without capital. find marginal benefit on SME growth, revenue, number years list. Across industries, we 1% increase results 3.6% revenue The change by industry: particular, IT Services, Software, Telecommunications are only sectors that have positive relationship between Perhaps surprisingly, Business Engineering, Health industry experience growth with an