Understanding the processes of firm growth - a closer look at serial growth rate correlation

Alex Coad ()

Post-Print from HAL

Abstract: Serial correlation in annual growth rates carries a lot of information on growth processes - it allows us to directly observe firm performance as well as to test hypotheses. Using a 7-year balanced panel of 10 000 French manufacturing firms, we observe that small firms typically are subject to negative correlation of growth rates, whereas larger firms display positive correlation. Furthermore, we find that those small firms that experience extreme positive or negative growth in any one year are unlikely to repeat this performance in the following year.

Keywords: quantile regression; firm growth; Serial correlation; Autocorrélation; croissance des firmes; régression par quantile (search for similar items in EconPapers)
Date: 2006-06
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00118801
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published in 2006

Downloads: (external link)
https://shs.hal.science/halshs-00118801/document (application/pdf)

Related works:
Working Paper: Understanding the processes of firm growth - a closer look at serial growth rate correlation (2006)
Working Paper: Understanding the processes of firm Growth - a closer look at serial growth rate correlation (2006)
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:hal:journl:halshs-00118801

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().