Arbeitspapier

The Finnish paradox: The curious absence of high-growth entrepreneurship in Finland

This paper looks at how well Finland performs in high growth entrepreneurship and uses data from the Global Entrepreneurship monitor to benchmark Finland against other European countries. It is found that Finland's prevalence rate of high growth entrepreneurial activity lags significantly behind most of its European and all of its Scandinavian peers. That this weak performance in high-growth entrepreneurship goes hand in hand with Finland being a world leader in per capita investment in R&D may be described as a paradox. The reasons underlying the underperformance of Finland remain however unclear. At this point, explanations should be sought in culture, industrial traditions and systemic experience in high growth entrepreneurship.

Language
Englisch

Bibliographic citation
Series: ETLA Discussion Papers ; No. 1197

Classification
Wirtschaft
Firm Behavior: Theory
Firm Performance: Size, Diversification, and Scope
New Firms; Startups
Microeconomic Analyses of Economic Development
Economic Growth and Aggregate Productivity: General
Subject
Firm growth
high growth firms
gazelles
Unternehmenswachstum
Forschungskosten
Vergleich
Finnland
EU-Staaten

Event
Geistige Schöpfung
(who)
Autio, Erkko
Event
Veröffentlichung
(who)
The Research Institute of the Finnish Economy (ETLA)
(where)
Helsinki
(when)
2009

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Autio, Erkko
  • The Research Institute of the Finnish Economy (ETLA)

Time of origin

  • 2009

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