أعرض تسجيلة المادة بشكل مبسط

dc.creator Lotti, Francesca
dc.creator Santarelli, Enrico
dc.creator Vivarelli, Marco
dc.date 2004
dc.date.accessioned 2013-10-16T07:07:49Z
dc.date.available 2013-10-16T07:07:49Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19973
dc.identifier ppn:397697600
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19973
dc.description According to Gibrat' Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. In contrast to the previous literature on the subject, this paper seeks to test the Law by taking account of both the entry process and the role of survival/failure in reshaping a given population of firms over time. It does so by focusing on the entire population of firms (including newborn ones) in the Italian Radio, TV & Telecommunications equipment industry and tracking them over seven years. Consistently with the previous literature, it finds that - in general - Gibrat' Law is to be rejected, since smaller firms tend to grow faster than their larger counterparts. However, the paper' main finding is that this rejection of Gibrat? Law may be due to market dynamics and selection. In other words, it is due to the entry process and the presence of transient smaler firms. Indeed, whilst it is found that Gibrat' Law has to be rejected over a seven-year period during which both incumbent and newborn firms are considered, for both sub-populations of surviving firms a convergence towards Gibrat-like behavior over time can be detected. Thus, market selection "leans" the original population of firms and the resulting industrial "ore" (mature, larger, well-established and most efficient firms) does not seem to depart from a Gibrat-like patern of growth.
dc.language eng
dc.publisher
dc.relation Papers on entrepreneurship, growth and public policy 2804
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject L60
dc.subject L11
dc.subject ddc:330
dc.subject Gibrat's Law
dc.subject manufactering
dc.subject industrial dynamics
dc.subject entry
dc.subject survival
dc.subject selection bias
dc.subject Elektroindustrie
dc.subject Klein- und Mittelunternehmen
dc.subject Unternehmenswachstum
dc.subject Industrieökonomik
dc.subject Schätzung
dc.subject Italien
dc.title Gibrat's law and market selection
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط