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Using the eurostat-OECD definition of high-growth firms: a cautionary note

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  • Sven-Olov Daunfeldt
  • Dan Johansson
  • Daniel Halvarsson

Abstract

Purpose - – High-growth firms (HGFs) have attracted an increasing amount of attention from researchers and policymakers, and the Eurostat-Organisation for Economic Co-operation and Development (OECD) definition of HGFs has become increasingly popular. The paper aims to discuss this issue. Design/methodology/approach - – The authors use a longitudinal firm-level data set to analyze the implications of using the Eurostat-OECD definition. Findings - – The results indicate that this definition excluded almost 95 percent of surviving firms in Sweden, and about 40 percent of new private jobs during 2005-2008. Research limitations/implications - – The proportion of small firms and their growth patterns differ across countries, and the authors therefore advise caution in using this definition in future studies. Practical implications - – Policy based on the Eurostat-OECD definition of HGFs might be misleading or even counterproductive. Originality/value - – No previous studies have analyzed the implications of using the Eurostat-OECD definition of HGFs.

Suggested Citation

  • Sven-Olov Daunfeldt & Dan Johansson & Daniel Halvarsson, 2015. "Using the eurostat-OECD definition of high-growth firms: a cautionary note," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 4(1), pages 50-56, April.
    • Handle: RePEc:eme:jepppp:v:4:y:2015:i:1:p:50-56
    DOI: 10.1108/JEPP-05-2013-0020
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    Citations

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    Cited by:

    1. J. David Brown & John S. Earle & Mee Jung Kim & Kyung Min Lee, 2017. "High-Growth Entrepreneurship," Working Papers 17-53, Center for Economic Studies, U.S. Census Bureau.
    2. Suzanne Mawson, 2018. "Customer perceived value in high growth firms," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(75), pages 755-778, December.
    3. Sorin Gabriel Anton, 2019. "Leverage and firm growth: an empirical investigation of gazelles from emerging Europe," International Entrepreneurship and Management Journal, Springer, vol. 15(1), pages 209-232, March.
    4. Sven-Olov Daunfeldt & Niklas Elert & Dan Johansson, 2016. "Are high-growth firms overrepresented in high-tech industries?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 25(1), pages 1-21.
    5. Coad, Alex & Srhoj, Stjepan, 2023. "Entrepreneurial ecosystems and regional persistence of high growth firms: A ‘broken clock’ critique," Research Policy, Elsevier, vol. 52(6).
    6. Erhardt, Eva, 2017. "Who persistently creates jobs? Absolute versus relative high-growth firms," MPRA Paper 79295, University Library of Munich, Germany.
    7. Ben Spigel & Fumi Kitagawa & Colin Mason, 2020. "A manifesto for researching entrepreneurial ecosystems," Local Economy, London South Bank University, vol. 35(5), pages 482-495, August.
    8. Marcio,Cruz & Baghdadi,Leila & Arouri,Hassen, 2020. "The Dynamics of High-Growth Firms : Evidence from Tunisia," Policy Research Working Paper Series 9145, The World Bank.
    9. Aradhna Aggarwal & Takahiro Sato, 2015. "Identifying High Growth Firms in India: An Alternative Approach," Discussion Paper Series DP2015-14, Research Institute for Economics & Business Administration, Kobe University.
    10. Stjepan Srhoj & Alex Coad & Janette Walde, 2022. "HGX: The Anatomy of High Growth Exporters," Working Papers 2022-15, Faculty of Economics and Statistics, Universität Innsbruck.
    11. Coad, Alex & Karlsson, Johan, 2022. "A field guide for gazelle hunters: Small, old firms are unlikely to become high-growth firms," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    12. Salustiano Martínez‐Fierro & José María Biedma‐Ferrer & José Ruiz‐Navarro, 2020. "Impact of high‐growth start‐ups on entrepreneurial environment based on the level of national economic development," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1007-1020, March.
    13. Moreno-Menéndez, Ana M. & Casillas, José C., 2021. "How do family businesses grow? Differences in growth patterns between family and non-family firms," Journal of Family Business Strategy, Elsevier, vol. 12(3).
    14. Raysa Geaquinto Rocha & João J. Ferreira, 2022. "Gazelles (High-Growth) Companies: a Bibliometric Science Map of the Field," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2911-2934, December.
    15. Minghao Li & Stephan J. Goetz & Mark Partridge & David A. Fleming, 2016. "Location determinants of high-growth firms," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 28(1-2), pages 97-125, January.
    16. Klaus Friesenbichler & Werner Hölzl, 2020. "High-growth firm shares in Austrian regions: the role of economic structures," Regional Studies, Taylor & Francis Journals, vol. 54(11), pages 1585-1595, November.
    17. Brown, Ross & Lee, Neil, 2019. "Strapped for cash? Funding for UK high growth SMEs since the global financial crisis," Journal of Business Research, Elsevier, vol. 99(C), pages 37-45.
    18. Erhardt, Eva Christine, 2018. "Firm performance after high growth: A comparison of absolute and relative growth measures," MPRA Paper 88077, University Library of Munich, Germany.
    19. Márta Bisztray & Francesca de Nicola & Balázs Muraközy, 2023. "High-growth firms’ contribution to aggregate productivity growth," Small Business Economics, Springer, vol. 60(2), pages 771-811, February.
    20. Alex Coad & Gregory Scott, 2018. "High-growth firms in Peru," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(75), pages 671-696, May.
    21. Eva Christine Erhardt, 2021. "Measuring the persistence of high firm growth: choices and consequences," Small Business Economics, Springer, vol. 56(1), pages 451-478, January.
    22. J David Brown & John S Earle & Mee Jung Kim & Kyung Min Lee, 2019. "Start-ups, job creation, and founder characteristics," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 28(6), pages 1637-1672.
    23. Werner Hölzl & Susanne Bärenthaler-Sieber & Julia Bock-Schappelwein & Klaus S. Friesenbichler & Agnes Kügler & Andreas Reinstaller & Peter Reschenhofer & Bernhard Dachs & Martin Risak, 2019. "Digitalisation in Austria. State of Play and Reform Needs," WIFO Studies, WIFO, number 61892, April.
    24. Schlepphorst, Susanne & Schlömer-Laufen, Nadine, 2016. "Schnell wachsende Unternehmen in Deutschland: Charakteristika und Determinanten ihres Wachstums," IfM-Materialien 246, Institut für Mittelstandsforschung (IfM) Bonn.

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