Author: Galina I. Khotinskaya, Dr. Sc. (Econ.), Professor of Corporate Finance Dept., Financial University under the Government of the Russian Federation

Abstract. Theoretical understanding of corporate growth has a long history – from the 30s of the XX century. However, the growing interest of theorists and practitioners in this knowledge area which was observed in the second half of the XX century in foreign countries is now, in the new Millennium, also typical of Russia. Russian reality is specific not only in terms of gaps in scientific interests and applied technologies (what is true due to the limited experience of market transformation), but also in terms of the interpretation of the corporate growth problem from the viewpoint of business. Corporate growth overseas is interpreted primarily in terms of business value. In Russia, in contract, the sales growth serves as the absolute dominant. The article discusses the theoretical aspects of corporate growth, approaches to its measurement and empirical features of Russian business growth.

Keywords: Corporate growth, theory of growth, quality of growth, financial measurement, empirical regularities, growth model