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High-Growth Firms and Employment

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  • Paul Schreyer

Abstract

This STI Working Paper deals with this group of rapidly expanding firms. It does so by placing the discussion into a context of entrepreneurship, arguing that there are two main aspects to this notion: one of business start-ups and market entry, and another one of innovation. Evidence is based on results from five OECD countries (Germany, Italy, Netherlands, Spain and Sweden) as well as from Quebec (Canada). Each of these studies used a firm-level data set to identify high-growth firms and their differentiating characteristics. High-growth firms are those firms that rank first according to a measure that combines relative (percentage) and absolute rates of employment expansion.Despite considerable differences in the underlying data and some of the methodologies, number of common findings emerge: High-growth firms account for a disproportionately large part of gross jobs gained.Small firms exhibit higher net job creation rates than large firms do. At the same time, significant flows ... Les entreprises à forte croissance et l'emploi Ce rapport est consacré à la catégorie des entreprises qui connaissent une expansion rapide. Il commence par replacer le propos dans le contexte de l’entrepreneuriat, en partant du principe que la notion d’entreprise à forte croissance comporte principalement deux aspects : i) la création d’entreprise et l’entrée sur le marché ; et ii) l’innovation. Les chiffres présentés sont tirés des résultats d’études portant sur cinq pays Membres de l’OCDE (Allemagne, Espagne, Italie, Pays-Bas et Suède), ainsi que sur le Québec (Canada). Chacune de ces études s’appuie sur des séries de données recueillies auprès des entreprises afin de recenser celles qui ont une forte croissance et de mettre en évidence leurs caractéristiques distinctives. Les entreprises à forte croissance sont celles qui arrivent en tête du classement établi à partir d’une mesure combinée de la croissance relative(exprimée en pourcentage) et de la croissance absolue.En dépit de différences considérables entre les données de ...

Suggested Citation

  • Paul Schreyer, 2000. "High-Growth Firms and Employment," OECD Science, Technology and Industry Working Papers 2000/3, OECD Publishing.
  • Handle: RePEc:oec:stiaaa:2000/3-en
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    File URL: http://dx.doi.org/10.1787/861275538813
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    Citations

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    Cited by:

    1. Henrekson, Magnus & Johansson, Dan, 2010. "Firm Growth, Institutions and Structural Transformation," Working Paper Series 820, Research Institute of Industrial Economics.
    2. Daunfeldt, Sven-Olov & Elert, Niklas & Johansson, Dan, 2010. "The Economic Contribution of High-Growth Firms: Do Definitions Matter?," Ratio Working Papers 151, The Ratio Institute.
    3. Deschryvere, Matthias, 2008. "High Growth Firms and Job Creation in Finland," Discussion Papers 1144, The Research Institute of the Finnish Economy.
    4. Werner Hölzl, 2009. "Is the R&D behaviour of fast-growing SMEs different? Evidence from CIS III data for 16 countries," Small Business Economics, Springer, vol. 33(1), pages 59-75, June.
    5. Magnus Henrekson & Dan Johansson & Mikael Stenkula, 2010. "Taxation, Labor Market Policy and High-Impact Entrepreneurship," Journal of Industry, Competition and Trade, Springer, vol. 10(3), pages 275-296, September.
    6. repec:eee:intfin:v:49:y:2017:i:c:p:184-199 is not listed on IDEAS
    7. Alex Coad & Werner Hölzl, 2012. "Firm Growth: Empirical Analysis," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 24 Edward Elgar Publishing.
    8. Laura Bottazzi & Marco da Rin, 2003. "Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda," CESifo Working Paper Series 958, CESifo Group Munich.
    9. Nadine Levratto & Aziza Garsaa & Luc Tessier, 2013. "La Corse est-elle soluble dans le modèle méditerranéen ? Une analyse à partir d’une régression quantile sur données d’entreprises en panel entre 2004 et 2010. Is the Corsican economy a part of the Med," EconomiX Working Papers 2013-20, University of Paris Nanterre, EconomiX.
    10. Bjuggren, Carl Magnus & Daunfeldt, Sven-Olov & Johansson, Dan, 2010. "Ownership and High-Growth Firms," Ratio Working Papers 147, The Ratio Institute, revised 29 Sep 2010.
    11. Werner Hölzl & Klaus Friesenbichler, 2010. "High-growth firms, innovation and the distance to the frontier," Economics Bulletin, AccessEcon, vol. 30(2), pages 1016-1024.
    12. Magnus Henrekson & Dan Johansson, 2010. "Gazelles as job creators: a survey and interpretation of the evidence," Small Business Economics, Springer, vol. 35(2), pages 227-244, September.
    13. Yuen-Ping Ho & Poh-Kam Wong, 2007. "Financing, Regulatory Costs and Entrepreneurial Propensity," Small Business Economics, Springer, vol. 28(2), pages 187-204, March.
    14. Nadine Levratto & Aziza Garsaa & Luc Tessier, 2013. "La Corse est-elle soluble dans le modèle méditerranéen ?," Working Papers hal-00842059, HAL.
    15. Werner Hölzl, 2010. "The Economics of Entrepreneurship Policy: Introduction to the Special Issue," Journal of Industry, Competition and Trade, Springer, vol. 10(3), pages 187-197, September.
    16. Yudanov, A., 2010. "Embodiments of Entrepreneurial Spirit: «Gazelle-Firms» in Russia," Journal of the New Economic Association, New Economic Association, issue 5, pages 92-109.
    17. Daunfeldt, Sven-Olov & Halvarsson, Daniel & Johansson, Dan, 2012. "A cautionary note on using the Eurostat-OECD definition of high-growth firms," HUI Working Papers 65, HUI Research.
    18. Coad, Alex & Daunfeldt, Sven-Olov & Johansson, Dan & Wennberg, Karl, 2011. "Who do High-growth Firms Employ, and Who do they Hire?," Ratio Working Papers 169, The Ratio Institute.
    19. Marcus Box, 2008. "The death of firms: exploring the effects of environment and birth cohort on firm survival in Sweden," Small Business Economics, Springer, vol. 31(4), pages 379-393, December.
    20. repec:wfo:wstudy:27459 is not listed on IDEAS

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