The relationship between size and growth: the case of Chinese listed companies

Long Zhang, Hong Liu, En-Hua Hu and Meng-Xi Yue

Applied Economics Letters, 2009, vol. 16, issue 18, 1849-1853

Abstract: To extend the research on Gibrat's law in transformational countries, this article uses quantile regression to test whether the Law holds for Chinese listed companies in six industries from 1997 to 2003. Results indicate that Gibrat's law demonstrated a behaviour dependent on the length examined. Although it was rejected in four out of six industries for the 6-year period, it received strong support in five industries year by year, which implied that size convergence was a slow process in China. Results also show that Gibrat's law is conditional on industrial characters. It received unbalanced support from different industries, suggesting that the industries examined had distinct growth trajectories.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:16:y:2009:i:18:p:1849-1853

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850701719488

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().