High-growth firms in Peru

This exploratory research note investigates the frequency and activity of High- Growth Firms (HGFs) in Peru using panel data on Peru's largest firms for the years 2001-2016. Firms in our dataset enjoyed strong growth in revenues during the period. Compared to other countries, HGFs are relatively common in Peru although the share they represent of all firms in the database decreased over the time span of our analysis. We confirm several previous findings, such as the heavy-tailed growth rates distribution, and the superior growth performance of small and young firms.