Tools
Coad, Alex (2008) Firm growth and scaling of growth rate variance in multiplant firms. Economics Bulletin, 12 (9). pp. 1-15.
Full text not available from this repository.
Official URL: http://www.accessecon.com/pubs/EB/2008/Volume12/EB...
Abstract
While 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
Item Type: | Article |
---|---|
Schools and Departments: | University of Sussex Business School > SPRU - Science Policy Research Unit |
Depositing User: | Alex Coad |
Date Deposited: | 06 Feb 2012 18:31 |
Last Modified: | 10 Sep 2012 14:36 |
URI: | http://sro.sussex.ac.uk/id/eprint/16974 |