High Growth Firms and Job Creation in Finland
The goal of this descriptive paper is to identify which firms add the most employment in Finland. The analysis is based on firm and establishment data from the Finnish Business Register (period 20032006). It is found that in 2006 Finland had 750 High Growth Firms (according to the OECD-definition). This represents roughly 5% of the firms with at least 10 employees. As growth has a multi-facetted nature it is crucial to not only focus on how much a firm grows but also how it grows. Not all of those 750 HGFs grew organically. In fact, of all the jobs they created 65% turned out to be organic employment. There seems to be a positive relationship between the initial size of a HGF and what proportion of the employment is acquired. Correcting for acquisition growth leaves us with 642 organic HGFs. The share of HGFs was the highest in the sectors other business activities, computer and related activities and health and social work. It does look like a substantial number of HGFs have been expanding due to trends in domestic outsourcing. Future research should focus on the causes and consequences of the expansion of those firms. Firm group information should be used as to be able to better capture shifts of employment between firms of the same group.
|Date of creation:||2008|
|Date of revision:|
|Contact details of provider:|| Postal: Lönnrotinkatu 4 B, FIN-00120 HELSINKI|
Phone: +358 (0)9 609 900
Fax: +358 (0)9 601 753
Web page: http://www.etla.fi/
More information through EDIRC
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wennekers, Sander & Thurik, Roy, 1999. "Linking Entrepreneurship and Economic Growth," Small Business Economics, Springer, vol. 13(1), pages 27-55, August.
- Nadim Ahmad, 2006. "A Proposed Framework For business Demography Statistics," OECD Statistics Working Papers 2006/3, OECD Publishing.
- Alex Coad, 2007.
"Firm growth : a survey,"
Documents de travail du Centre d'Economie de la Sorbonne
r07024, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Alex Coad, 2007. "Firm Growth : a Survey," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00155762, HAL.
- Alexander Coad, 2007. "Firm Growth: A Survey," Papers on Economics and Evolution 2007-03, Philipps University Marburg, Department of Geography.
- Per Davidsson & FrÃ©dÃ©ric Delmar & Johan Wiklund, 2006. "Entrepreneurship and the Growth of Firms," Books, Edward Elgar Publishing, number 3971, 10.
- Coad, Alex & Rao, Rekha, 2008.
"Innovation and firm growth in high-tech sectors: A quantile regression approach,"
Elsevier, vol. 37(4), pages 633-648, May.
- Alex Coad & Rekha Rao, 2006. "Innovation and Firm Growth in High-Tech Sectors: A Quantile Regression Approach," LEM Papers Series 2006/18, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Alex Coad & Rekha Rao, 2007. "Innovation and Firm Growth in High-Tech Sectors: A Quantile Regression Approach," Open Discussion Papers in Economics 57, The Open University, Faculty of Social Sciences, Department of Economics.
- Alex Coad, 2006.
"A Closer Look at Serial Growth Rate Correlation,"
LEM Papers Series
2006/29, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Henrekson, Magnus & Johansson, Dan, 2008.
"Gazelles as Job Creators – A Survey and Interpretation of the Evidence,"
Ratio Working Papers
117, The Ratio Institute.
- 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.
- Henrekson, Magnus & Johansson, Dan, 2008. "Gazelles as Job Creators – A Survey and Interpretation of the Evidence," Working Paper Series 733, Research Institute of Industrial Economics.
- Hall, Bronwyn H, 1987.
"The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector,"
Journal of Industrial Economics,
Wiley Blackwell, vol. 35(4), pages 583-606, June.
- Bronwyn H. Hall, 1986. "The Relationship Between Firm Size and Firm Growth in the U.S. Manufacturing Sector," NBER Working Papers 1965, National Bureau of Economic Research, Inc.
- Nicola Brandt, 2004. "Business Dynamics in Europe," OECD Science, Technology and Industry Working Papers 2004/1, OECD Publishing.
- Eric Bartelsman & Stefano Scarpetta & Fabiano Schivardi, 2003. "Comparative Analysis of Firm Demographics and Survival: Micro-Level Evidence for the OECD Countries," OECD Economics Department Working Papers 348, OECD Publishing.
- repec:hal:journl:halshs-00118797 is not listed on IDEAS
- JosÈ Mata & Pedro Portugal, 2004.
"Patterns of Entry, Post-Entry Growth and Survival: A Comparison Between Domestic and Foreign Owned Firms,"
Small Business Economics,
Springer, vol. 22(3_4), pages 283-298, 04.
- José Mata & Pedro Portugal, 2002. "Patterns of Entry, Post-Entry Growth and Survival: A Comparison Between Domestic and Foreign Owned Firms," Working Papers w200204, Banco de Portugal, Economics and Research Department.
- Giulio Bottazzi & Elena Cefis & Giovanni Dosi, 2001.
"Corporate Growth and Industrial Structure. Some Evidence from the Italian Manufacturing Industry,"
LEM Papers Series
2001/08, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Giulio Bottazzi & Elena Cefis & Giovanni Dosi, 2002. "Corporate growth and industrial structures: some evidence from the Italian manufacturing industry," Industrial and Corporate Change, Oxford University Press, vol. 11(4), pages 705-723, August.
- repec:hal:journl:halshs-00155762 is not listed on IDEAS
- Delmar, Frederic & Davidsson, Per & Gartner, William B., 2003. "Arriving at the high-growth firm," Journal of Business Venturing, Elsevier, vol. 18(2), pages 189-216, March.
- Donato Iacobucci & Peter Rosa, 2005. "Growth, Diversification, and Business Group Formation in Entrepreneurial Firms," Small Business Economics, Springer, vol. 25(1), pages 65-82, 08.
- Paul Schreyer, 2000. "High-Growth Firms and Employment," OECD Science, Technology and Industry Working Papers 2000/3, OECD Publishing.
When requesting a correction, please mention this item's handle: RePEc:rif:dpaper:1144. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kaija Hyvönen-Rajecki)
If references are entirely missing, you can add them using this form.