{"id":115648,"date":"2024-01-22T19:34:02","date_gmt":"2024-01-22T18:34:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115648\/"},"modified":"2024-11-07T04:32:05","modified_gmt":"2024-11-07T03:32:05","slug":"persistence-survival-and-growth-a-closer-look-at-20-years-of-high-growth-firms-in-austria","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115648\/","title":{"rendered":"Persistence, Survival and Growth: A Closer Look at 20 Years of High-Growth Firms in Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115648","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The paper studies the persistence of the high-growth phenomenon in Austria using social security data for the years 1985 to 2007. The Eurostat-OECD definition is used to identify high-growth firms and a modified Birch Index to identify high-impact firms. Bringing the definitions to the data confirms that the two definitions lead to the selection of different firms. We use matching as non-parametric preprocessing and estimate survival, persistence and growth regression on balanced datasets. The results show that being a high-growth firm does not improve the likelihood of survival in future periods in excess of the size effect induced by the high-growth event. For persistence and high growth we find a high-growth firm treatment effect. For high-impact firms we find a significant treatment effect for survival, persistence and growth. High-impact firms show a much higher persistence than high-growth firms. The average growth rate after the high-growth episode is quite modest for both high-impact and high-growth firms. Policy implications of the findings are discussed.","onlinedate":"2011-10-21 02:00:00","lang":"English","publication_series":"","publication_date":"20111001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"38","keywords":"[\"firm growth\",\"high growth firms\"]","jelcodes":"[]","related_publications":"[]","pdf":342026,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"403","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3491],"collaboration":"","persons":[3607],"persons_data":"[{\"personId\":3607,\"personName\":\"Werner H\u00f6lzl\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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