Exploring the processes of firm growth: evidence from a vector autoregression

Coad, Alex (2010) Exploring the processes of firm growth: evidence from a vector autoregression. Industrial and Corporate Change, 19 (6). pp. 1677-1703. ISSN 0960-6491

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Abstract

This article offers many new insights into the processes of firm growth by applying a vector autoregression model to longitudinal panel data on French manufacturing firms. We observe the coevolution of key variables such as growth of employment, sales, gross operating surplus, and labor productivity growth. Preliminary results suggest that employment growth is succeeded by the growth of sales, which in turn is followed by growth of profits. Generally speaking, however, growth of profits is not followed by much employment growth or sales growth. Quantile regressions highlight some asymmetries between negative-growth and fast-growth firms.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Alex Coad
Date Deposited: 06 Feb 2012 19:47
Last Modified: 28 Sep 2012 13:51
URI: http://sro.sussex.ac.uk/id/eprint/22200
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