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Not All High-Growth Firms Are Alike: Capturing and Tagging Ohio’s Gazelles
Economic Development Quarterly ( IF 1.7 ) Pub Date : 2021-06-29 , DOI: 10.1177/08912424211023556
Merissa C. Piazza 1 , Edward (Ned) Hill 2
Affiliation  

In this study, the present a statistically valid typology of high-growth firms (HGFs), also known as gazelles, to determine if payroll and job growth patterns differ between groups or clusters. Cluster–discriminant analysis was conducted on a cohort of 26,104 HGFs s in Ohio, using data from the Quarterly Census of Employment and Wages from 2010 to 2015. Only 1.2% of all Ohio’s firms can be classified as high growth. The larger herd of gazelles grows consistently, while the other, much smaller pack experiences short, intense growth spurts. Roughly 30% of the two gazelle clusters (Consistent High Growth and Volatile High Growth) are in the information service, financial service, and professional and business service industries, compared with 18% in the low- and slow-growth cluster. The nongazelle HGF cluster has proportionately more businesses in manufacturing and the leisure and hospitality industries than the gazelle clusters.



中文翻译:

并非所有的高增长公司都一样:捕获和标记俄亥俄州的瞪羚

在这项研究中,提出了一种统计上有效的高增长公司 (HGF)(也称为瞪羚)类型学,以确定群体或集群之间的薪资和就业增长模式是否不同。使用 2010 年至 2015 年就业和工资季度普查的数据,对俄亥俄州的 26,104 个 HGF 进行了集群判别分析。只有 1.2% 的俄亥俄州公司可以归类为高增长企业。较大的瞪羚群持续增长,而另一个小得多的群体经历了短暂而强烈的增长。在两个瞪羚集群(Consistent High Growth 和 Volatile High Growth)中,大约 30% 处于信息服务、金融服务以及专业和商业服务行业,而低速增长集群中的这一比例为 18%。

更新日期:2021-06-29
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