High-growth firms : Not so vital after all?


Autoria(s): Daunfeldt, Sven-Olov; Halvarsson, Daniel; Mihaescu, Oana
Data(s)

2015

Resumo

High-growth firms have received considerable interest recently since they create most of the new jobs in the economy. The purpose of our paper is to investigate the characteristics of high-growth firms prior to their growth period, and whether these characteristics differ across industries. Using data on a large sample of limited liability firms in Sweden for the period 2007-2010, we find that high-growth firms do not have the characteristics that we typically associate with successful firms. On the contrary, our results indicate that high-growth firms have low profits and a weak financial position. This might explain why studies have found that high-growth firms are seldom capable of sustaining their high growth rates in subsequent periods, and thus question policies that are targeted towards these companies.

Formato

application/pdf

Identificador

http://urn.kb.se/resolve?urn=urn:nbn:se:du-20391

Idioma(s)

eng

Publicador

Högskolan Dalarna, Nationalekonomi

Högskolan Dalarna, Kulturgeografi

HUI Research

HUI Research

HUI Research

Relação

HUI Working Papers, HUI Research ; 114

Direitos

info:eu-repo/semantics/openAccess

Tipo

Report

info:eu-repo/semantics/report

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