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Stylised facts about Slovenian high-growth firms

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  • Stjepan Srhoj
  • Ivan Zupic
  • Marko Jaklič

Abstract

The paper analyses high-growth firms in Slovenia over two three-year periods: 2007–2010 and 2011–2014. The analysis has been carried out for four stylised facts on high-growth firms established in the literature: (1) growth-rate distributions are heavy-tailed; (2) different growth indicators select different high-growth firms; (3) a small share of high-growth firms generates a large share of jobs; and (4) high-growth firms are not more common in high-tech industries. The results find the growth-rate distributions to be heavy-tailed, but also somewhat asymmetric and thicker than the Laplace tails. The paper shows that different indicators indeed select different high-growth firms, which is especially evident when comparing employment- and revenue-based selected firms. Furthermore, Slovenia has a smaller share of high-growth firms compared to more developed countries like the United Kingdom and Sweden; however, this smaller share of firms does contribute to a large share of jobs created, but the effect is not as large as in more developed countries. The analysis also confirms the significant effect of micro, small and medium-sized enterprises on overall job creation. Finally, only a small portion of high-growth firms can be found in high-tech sectors in Slovenia.

Suggested Citation

  • Stjepan Srhoj & Ivan Zupic & Marko Jaklič, 2018. "Stylised facts about Slovenian high-growth firms," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 31(1), pages 1851-1879, January.
    • Handle: RePEc:taf:reroxx:v:31:y:2018:i:1:p:1851-1879
    DOI: 10.1080/1331677X.2018.1516153
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    Cited by:

    1. Coad, Alex & Srhoj, Stjepan, 2023. "Entrepreneurial ecosystems and regional persistence of high growth firms: A ‘broken clock’ critique," Research Policy, Elsevier, vol. 52(6).
    2. Lee Mihye, 2023. "Determinants of Firm-Level Growth: Lessons from the Czech Republic, Hungary, and Poland," South East European Journal of Economics and Business, Sciendo, vol. 18(1), pages 46-57, June.

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