This STI Working Paper deals with this group of rapidly expanding firms.
Small firms exhibit higher net job creation rates than large firms do.
At the same time, significant flows of gross job gains co-exist with large flows of gross job losses, especially among small firms. In absolute terms, larger firms are also significant job creators in the high-growth group. Specifically, they play a more important role as employment creators among high-growth firms than they do among growing firms. On the other hand, the rapid growth of large firms often reflects mergers and acquisitions rather than internal growth. High-growth firms are found in all industries and in all regions of the countries examined.