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Firm growth and scaling of growth rate variance in multiplant firms
journal contribution
posted on 2023-06-07, 20:25 authored by Alex CoadWhile Gibrat's Law assumes that growth rate variance is independent of size, empirical work has usually found a negative relationship between growth rate variance and firm growth. Using data on French manufacturing firms, we observe a relatively low, but statistically significant, negative relationship between firm size and growth rate variance. Furthermore, we observe that growth rate variance does not decrease monotonically the more plants a firm possesses, which is at odds with a number of theoretical models
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Publication status
- Published
Journal
Economics BulletinIssue
9Volume
12Page range
1-15Department affiliated with
- SPRU - Science Policy Research Unit Publications
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- No
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- Yes
Legacy Posted Date
2012-02-06Usage metrics
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