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high growth firms

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  • Business creation and employment
    17 May 2011, by Bernard Zimmern

    In the late 70s, an MIT researcher shook the whole world of economists by showing that large firms, those that make the media buzz, those who made the Fortune Magazine cover page, does not create jobs but lose them and that employment is created primarily by small companies and even the very small.
    When David Birch invented the new discipline of business demography, he was not arguing that large companies do not create jobs but as a category, they destroy more jobs than they create. (...)

  • High Growth Firm in France
    20 January 2012, by Romain Sautard

    IRDEME, with the help of the pH Group (Experian), performed a study on the high growth firm in France (see definition below). It is the first time that such a study is done for France. Indeed, even OECD which has developed an observatory of high growth firm does not have data on such French companies as this kind of companies is not tracked by INSEE (French statistics office).
    Definition of High Growth Firms
    The most dynamic companies, called High Growth Firms (HGF) have the following (...)

  • Study on small enterprises born in 2004
    26 May 2011, by Rose Blackburry

    Definition of Small Enterprises (as defined by the European Community) an Small and Medium Enterprises
    The Small Enterprises (SEs) have the following characteristics: Less than 50 employees Turnover or equity less than 10M€
    The Small and Medium Enterprises (SMEs) have the following characteristics: Less than 250 employees Turnover less than 50M€ or equity less than 43M€
    Main results
    The data used in this study include all French firms defined as SEs by the European Community (...)

  • French companies dwarfism (3)
    6 April 2012, by Romain Sautard

    Though birth of new companies or growth of high growth firms lag behind UK and Germany, the increase in overall private employment is parallel. The reason of that apparent inconsistancy is found in the creation of low skill jobs by government French programs, such as home service jobs. But this does not increase exports and the cost to the public budget of those jobs is tremendously high.
    The French companies « dwarfism » (3)
    Recent studies performed by IRDEME show that, compare to (...)

  • Consequences on employment of initial firm capitalization
    23 May 2011, by Romain Sautard

    An INSEE study focusing on the French firms born in 2002 highlighted that, five years after their creation, 52% of these firms are still active. However, the firms’ survival rate is very dependent of the amount invested at their creation. Indeed, it appears that the higher the initial investment, the higher the firm survival rate:
    Chart 1. Survival rate of the French firms born in 2002, 5 years after their birth, depending on the initial capital stock
    Source : Insee, Sine study 2002, (...)

  • French companies dwarfism (1)
    13 March 2012, by Romain Sautard

    The French trade deficit has been attributed to the lack of medium size companies but in fact France is lacking firms in all sizes above 10 employees.

  • Bain & Company study
    26 May 2011, by Rose Blackburry

    In the United Kingdom, 10-years-old firms, created in 1991 and having a turnover exceeding 15 million Euros are, relatively, 7 times higher than in France.