Are high-growth firms one-hit wonders? Evidence from Sweden
Abstract
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...
Paper Details
Title
Are high-growth firms one-hit wonders? Evidence from Sweden
Published Date
Aug 10, 2014
Journal
Volume
44
Issue
2
Pages
361 - 383
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