Browsing by Subject "gazelles"

Small number of firms with substantially high growth create most new jobs. These firms have caught lots of attention, but little is known about the persistence of their fast growth. In this thesis I investigate the growth persistence of high-growth firms in Finland during 2001-2010. High-growth firms are identified as the fastest growing on percent of all firms and growth is indicated by growth in employees and growth in sales. Results show that high-growth firms tend to have low growth rates in the following period and the probability of repeating fast growth is small. The rapid growth thus does not predict high growth in the future.