A Closer Look at Serial Growth Rate Correlation

Alex Coad ()

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

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 theories. Using a 7-year balanced panel of 10000 French manufacturing firms, we observe that small firms typically are subject to negative correlation of annual 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: Serial correlation; firm growth; quantile regression; French manufacturing; fast-growth firms (search for similar items in EconPapers)
Date: 2006-11-03
New Economics Papers: this item is included in nep-ent and nep-ets
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Citations: View citations in EconPapers (36)

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Related works:
Journal Article: A Closer Look at Serial Growth Rate Correlation (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2006/29

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