Age, Size, Growth and Survival: UK Companies in the 1980s

John Dunne and Alan Hughes

Journal of Industrial Economics, 1994, vol. 42, issue 2, 115-40

Abstract: This paper examines growth and survival amongst quoted and unquoted U.K. companies in the period 1975-85 and compares the results with earlier U.K. and U.S. studies. An examination of death rates shows that smaller companies had higher death rates but the largest and smallest companies were least vulnerable to takeover. Careful attention is, therefore, paid to problems of sample selection bias. It is shown that smaller companies grew faster than larger companies, that Gibrat's law does not hold amongst smaller firms, that age is negatively related to growth, and that these results are not an artifact of sample-selection bias. Copyright 1994 by Blackwell Publishing Ltd.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (255)

Downloads: (external link)
http://links.jstor.org/sici?sici=0022-1821%2819940 ... 0.CO%3B2-N&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jindec:v:42:y:1994:i:2:p:115-40

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0022-1821

Access Statistics for this article

Journal of Industrial Economics is currently edited by Pierre Regibeau, Yeon-Koo Che, Kenneth Corts, Thomas Hubbard, Patrick Legros and Frank Verboven

More articles in Journal of Industrial Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().