The Effects of Size and Age on Firm Growth: Does Foreign Ownership Matter?

Hyo-Yong Sung () and Mikyung Yun ()
Additional contact information
Hyo-Yong Sung: Sungshin Women's University
Mikyung Yun: Korea Institute for International Economic Policy

East Asian Economic Review, 2002, vol. 6, issue 1, 113-135

Abstract: This paper explores the impact of size and age on firm growth in Korean manufacturing industries during the ten years between 1990 and 2000, and compares the result between domestic firms and foreign invested firms. The estimation results suggest that in general, smaller firms grow faster among domestic firms, rejecting Gibrat's law, but that size had no significant effect on growth for foreign invested firms, supporting Gibrat's law. On the other hand younger firms tend to grow faster than older firms for both foreign invested and domestic firms, supporting Jovanovic's learning model of firm growth.

Keywords: Foreign Investment; Firm Growth: Gibrats Law (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.11644/KIEP.JEAI.2002.6.1.92 Full text (application/pdf)

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:ris:eaerev:0232

Access Statistics for this article

East Asian Economic Review is currently edited by JE Lee

More articles in East Asian Economic Review from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by JE Lee ().