Growth and Size of Firms
Bibliographic Data
| ID | 9720562 |
|---|---|
| Authors | Peter E Hart (0000-0002-0128-168X, University of Reading), Nicholas Oulton (0000-0002-1595-7732, National Institute of Economic and Social Research) |
| Year | 1996 |
| Volume | 106 |
| Issue | 438 |
| Pages | 1242 |
| Publication date | 1996-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235518 |
| OpenAlex | W2020956163 |
| Language | EN |
| Citations received | 38 |
| References cited | 10 |
We use a dataset of 87,000 independent UK companies to investigate the relationship between firm size and growth. For the sample as a whole, a Galton-Markov model of regression towards the mean shows that growth is negatively related to initial size. However, when the sample is broken down by size group, we find that regression towards the mean only occurs for the smallest firms, e.g. those with eight employees or less. For larger firms, there is essentially no relationship between growth and size. Even for the smallest firm, our results may be due to transitory factors
Demographic economics · Econometrics · Economics · Markov chain · Physics · Regression · Regression analysis · Sample (material · Sample size determination · Statistics · Corporate Finance and Governance · Entrepreneurship Studies and Influences · Firm Innovation and Growth · Mathematics
Entrepreneurship and the process of firms' entry, survival and growth
Organizational Learning from Performance Feedback
Innovation and firm growth in high-tech sectors
Start-up size and industrial dynamics
Zipf Distribution of U.S. Firm Sizes
The Ghanaian manufacturing sector 1991–95
Minority entrepreneurs and firm performance in sub‐Saharan Africa
When do new firms benefit from VC investment? The moderating role of firm age and size
Defending Gibrat’s Law as a long-run regularity
R&D, Size and Firm Growth in Taiwan‘s Electronics Industry
Was Robert Gibrat right? A test based on the graphical model methodology
Job Flows and Job Quality by Establishment Size in the Finnish Manufacturing Sector 1980–94
Employment Creation in Small Technological and Design Innovators in the U.K. during the 1980s
Are SMEs less efficient? A Bayesian approach to addressing heterogeneity across firms
Are Small Firms Really Less Productive
What is the value of entrepreneurship? A review of recent research
Drivers of growth in Tunisia
Determinants of South Asian Entrepreneurial Growth in Britain
What happens to gazelles? The importance of dynamic management strategy
High-growth firms in changing competitive environments
Firm size, age, industrial networking, and growth
When is Gibrat’s law a law
Firm Growth and Liquidity Constraints
Reconciling quantile autoregressions of firm size and variance–size scaling
Do firms’ growth rates depend on firm size
Performance of small- and medium-sized enterprises in services trade
Generalising Gibrat
Small Business Growth in the Short Run
Muppets and gazelles
China’s Milk Scandal, government policy and production decisions of dairy farmers
Foreign Direct Investment, Vertical Integration, and Local Suppliers
Growth of firms in developing countries, evidence from Côte d'Ivoire
El uso de las redes como propulsor para la orientación emprendedora y el crecimiento de la pequeña y mediana empresa
Acquiescence and conflict in exchanges between inbound tour operators and their overseas outbound partners
Plant‐level Analysis Using the Ard
The Business Cycle, Macroeconomic Shocks and the Cross‐Section
Standing the test of time. Does firm performance improve with age? An analysis of the wine industry
Firm size and growth in Sweden's life insurance market between 1855 and 1947
Specification searches
Job Generation and Labour Market Change
The Relationship Between Firm Growth, Size, and Age
Selection and the Evolution of Industry
A Suggestion for Using Powerful and Informative Tests of Normality
The Statistical Conditions for a Change in Business Concentration
Firm Size and Rate of Growth
| Unique citing works | 38 |
|---|---|
| Citations per year | 1,36 |
| Citation span | 1998 - 2026 (29) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 38 |