This study analyses properties of fast growing small and medium sized firms, known as gazelles. Using balance sheet information for the 2000-2008 period, we show that a small fraction of companies is responsible for a large share of new jobs created in the business sector. For instance, the top...

Although it is a little known fact the Convention no 158 of International Labor Organization (ILO) which prohibits the dismissal of an employee without cause ruled in Brazil from 10 April to 20 November 1996 and thereby providing an excellent opportunity to evaluate the effect of regulation on...