Firm growth: empirical analysis

Recent research has led to the empirical regularity that rm growth rate distributionsare heavy tailed. This nding implies that a few rms experience spectaculargrowth rates and decline, but that most rms have marginal growth rates. The literatureon high growth rms shows that high growth rms are the central drivers of jobcreation in the economy but that these rms are neither clustered in high technologysectors nor are these rms necessarily young and small. The evidence on the determinantsof rm growth conrms that rm growth is difficult to predict.[...]