growth and employment, and an overlook on the impacts of different policy measures on companies. The role of large companies … employment, especially among young and small companies. Impacts on the productivity are, however, uncertain. Cooperation of …

firms in size groups with the traditionally used measure of employment size in the base year suggests that small firms … create a disproportionally higher number of jobs than large enterprises. This relation declines when average employment size … is used instead, and it reverses when firm age is controlled for. The crisis brought about large declines in employment …

employment was generated by a mere 1% of firms. Importantly for policy, we show that the likelihood of becoming a gazelle is …