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High-Growth Firms: Delineating Definitions, Industries, And Business Cycle Performance, Merissa Piazza, Ziona Austrian, Iryna Lendel, Serena Alexander, Ellen Cyran, Deborah D. Hoover, Ray Leach

Ellen Cyran

There are strong reasons to believe that public policy affects the prevalence and success of entrepreneurial firms, and there is consensus in the literature that high-growth firms (HGFs), a specific subset of entrepreneurial firms that have a propensity to be employment generators in the economy, contribute significantly to employment growth (see, for example, Acs & Mueller, 2008; Acs, Parsons, & Tracy, 2008; Birch & Medoff, 1994; Choi, Robertson, & Rupasingha, 2013, Clayton, Sadeghi, Spletzer, & Talan, 2013; Kirchhoff, 1994; Mason & Brown, 2013; Stangler, 2010; Thurik, 2009). Moreover, authors have called for policy makers to provide HGFs with the resources …