How to Construct Nationally Representative Firm Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration
Sebnem Kalemli-Ozcan (),
Carolina Villegas-Sanchez (),
Vadym Volosovych () and
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Bent SÃ¸rensen: University of Houston
Authors registered in the RePEc Author Service: Bent E. Sorensen
No 15-110/IV, Tinbergen Institute Discussion Papers from Tinbergen Institute
We construct representative firm-level longitudinal data for twenty-seven European countries using financial statements from the Orbis global database, providing a â€œhow-toâ€ guide on the construction. We validate our dataset by comparing its aggregate coverage to official statistics and present three new facts. First, smaller firms (SMEs) account for the largest share of economic activity. Second, industry concentration has increased among firms that report only consolidated statements, but decreased overall. Third, the increased concentration is accounted for by foreign-owned firms. Documenting these facts requires nationally representative data both in cross-sectional and time-series dimensions.
Keywords: data construction; new facts; market shares; selected firms (search for similar items in EconPapers)
JEL-codes: E0 F0 O0 (search for similar items in EconPapers)
Date: 2015-09-14, Revised 2022-01-25
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20150110
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