Firm Size and Job Creation in Korea: Do Small Businesses Create More Jobs?

Hanhyung Pyo, Sungcheol Hong and Ahnjeong Kim
Additional contact information
Hanhyung Pyo: Korea Small Business Institute,
Sungcheol Hong: Korea Small Business Institute,
Ahnjeong Kim: Korea Small Business Institute,

Korean Economic Review, 2016, vol. 32, 137-166

Abstract: Using the Census on Establishments data in Korea from 2003 to 2012, we study the relationship between firm size and net job growth rate. When we use average size instead of base year size without controlling for firm age, the effect does become weaker, but we still observe a negative correlation between the two. However, when we control for firm age, the negative correlation between firm size and net job growth rate becomes nonexistent, and in some cases there is even a positive correlation. This is the same even when we use establishment level data instead of firm level data.

Keywords: Firm Size; Firm Age; Net Job Creation (search for similar items in EconPapers)
JEL-codes: L11 L25 O17 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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