Business sustainability is compromised with an increase in insolvency risk. Firm growth is desirable. but it brings an associated bundle of high risks. We decomposed firm growth into internal and external growth and studied its impact on insolvency risk using a panel data set of 284 listed non-financial firms in Pakistan from 2013 to 2017. https://parisnaturalfoodes.shop/product-category/whey-isolate-chocolate/