Are high-growth firms one-hit wonders? Evidence from Sweden

被引：120

作者：

Daunfeldt, Sven-Olov ^{[1
,2
]}

Halvarsson, Daniel ^{[3
,4
]}

机构：

[1] HUI Res, S-10329 Stockholm, Sweden

[2] Dalarna Univ, Dept Econ, S-78188 Borlange, Sweden

[3] Royal Inst Technol, Div Econ, S-10044 Stockholm, Sweden

[4] Ratio Inst, S-10364 Stockholm, Sweden

来源：

SMALL BUSINESS ECONOMICS | 2015年 / 44卷 / 02期

关键词：

Gazelles; High-growth firms; Growth persistence; Autocorrelation; Transition probabilities; TESTING GIBRATS LAW; PANEL-DATA; SIZE; DYNAMICS; SURVIVAL; PERSISTENCE; GAZELLES; MODELS; CLOSER;

D O I：

10.1007/s11187-014-9599-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Most firms do not grow, and a small number of high-growth firms seem to create most new jobs. These firms have therefore received increasing attention among policymakers. The question is whether high-growth tends to persist? We investigate this question using firm-level data from Sweden during 1997-2008. We find that high-growth firms had declining growth rates in the previous 3-year period, and their probability of repeating high growth rates was very low. Thus, these are essentially "one-hit wonders," and it is doubtful whether policymakers can improve economic outcomes by targeting them.

引用

页码：361 / 383

页数：23

共 79 条

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