New Small Firms and Dimensions of Economic Performance

Economic Development Quarterly Volume 29, Issue 1, 13 February 2015: 65-78

Bank of Finland Research Discussion Paper No. 4/2009

38 Pages Posted: 3 Jul 2009 Last revised: 2 Mar 2015

See all articles by Sherrill Shaffer

Sherrill Shaffer

University of Wyoming

Iftekhar Hasan

Fordham University - Gabelli School of Business; Bank of Finland

Mingming Zhou

University of Colorado, Colorado Springs - College of Business

Date Written: January 22, 2009

Abstract

Using data from US labour market areas, we quantify empirical associations between entry by small firms and a vector of economic performance measures encompassing levels, volatilities and growth rates of several income and employment variables. Distinct and robust associations are found for net and gross rates of entry. These results suggest a richer variety of effects of entry than previously documented, and point to several potential tradeoffs associated with entry by small firms.

Keywords: growth, stability, employment, entry

JEL Classification: O1, J23, M13

Suggested Citation

Shaffer, Sherrill and Hasan, Iftekhar and Zhou, Mingming, New Small Firms and Dimensions of Economic Performance (January 22, 2009). Economic Development Quarterly Volume 29, Issue 1, 13 February 2015: 65-78 ; Bank of Finland Research Discussion Paper No. 4/2009. Available at SSRN: https://ssrn.com/abstract=1356738 or http://dx.doi.org/10.2139/ssrn.1356738

Sherrill Shaffer

University of Wyoming ( email )

P.O. Box 3985
Laramie, WY 82071-3985
United States
307-766-2173 (Phone)
307-766-5090 (Fax)

Iftekhar Hasan (Contact Author)

Fordham University - Gabelli School of Business ( email )

Rose Hill Campus Bronx
New York, NY 10458
United States

Bank of Finland ( email )

P.O. Box 160
Helsinki 00101
Finland

Mingming Zhou

University of Colorado, Colorado Springs - College of Business ( email )

1420 Austin Bluffs Parkway
Colorado Springs, CO 80933-7150
United States
1-719-255-5153 (Phone)

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