Episode 84 – Vivien Lefebvre – Employment growth and profitability in European SMEs: the 100% speed limit

We investigated the relationship between employment growth and profitability and propose that small and medium-sized enterprises (SMEs) hire employees, they experience an increase in profitability due to their acquisition of additional human capital. These benefits, however, are limited by the firm’s ability to efficiently integrate the newly recruited employees and adjust its internal managerial practices…

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