Suchergebnisse

Presents a catalog of empirical work, as well as a coherent theoretical structure within which various results can be interpreted and understood. This book brings together a large body of research on firm growth from a multidisciplinary perspective, providing a synthesis of stylized facts and empirical regularities

This exploratory research note investigates the frequency and activity of HighGrowth Firms (HGFs) in Peru using panel data on Peru's largest firms for the years 2001-2016. Firms in our dataset enjoyed strong growth in revenues during the period. Compared to other countries, HGFs are relatively common in Peru although the share they represent of all firms in the database decreased over the time span of our analysis. We confirm several previous findings, such as the heavy-tailed growth rates distribution, and the superior growth performance of small and young firms.

Unemployment has been robustly shown to strongly decrease subjective wellbeing. Using panel quantile regression techniques, we analyse to what extent the negative impact of unemployment varies along the (conditional) subjective wellbeing distribution. In our analysis of British Household Panel Survey data (1996–2008), we find that individuals with high life satisfaction suffer less from becoming unemployed. A similar but stronger effect is found for a broad mental wellbeing variable (GHQ‐12). Higher wellbeing seems to act like a safety net when becoming unemployed. We explore these findings by examining the heterogeneous unemployment effects over the conditional quantiles of various life domain satisfactions.

Despite an almost universally accepted belief outside academia that entrepreneurial activity is a positive driving force in the economy, the accumulated evidence remains largely inconclusive. This article positions the increased interest in entrepreneurship since the 1980s within its historical context and highlights the significant methodological problems with its analysis. Taking these problems into account it reevaluates the performance of entrepreneurial firms in terms of innovation, job creation, economic growth, productivity growth, and happiness to show how both positive and negative interpretations can emerge. A pattern of increasingly positive interpretation is observed as one moves from analysis to policy. To address this bias, the article suggests the single category "entrepreneurial firms" be broken up along a continuum from the large number of economically marginal, undersized, poor performance enterprises to the small number of high performance "gazelles" that drive most positive impact on the economy. This would allow a more realistic evaluation of the impact of entrepreneurs by avoiding a composition fallacy that assigns the benefits of entrepreneurship to the average firm.