Firm Growth: Empirical Analysis
Alex Coad () and
Werner Hölzl ()
No 361, WIFO Working Papers from WIFO
Recent research has led to the empirical regularity that firm growth rate distributions are heavy tailed. This finding implies that a few firms experience spectacular growth rates and decline, but that most firms have marginal growth rates. The literature on high-growth firms shows that high-growth firms are the central drivers of job creation in the economy but are neither clustered in high technology sectors nor are necessarily young and small. The evidence on the determinants of firm growth confirms that firm growth is difficult to predict. The finding that firm growth is well approximated by a random process does not only reflect the heterogeneity at the firm level but is also associated with the low persistence of growth rates over time.
Keywords: firm; growth (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ent and nep-sbm
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/38423 Abstract (text/html)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Chapter: Firm Growth: Empirical Analysis (2012)
Working Paper: Firm growth: empirical analysis (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2010:i:361
Access Statistics for this paper
More papers in WIFO Working Papers from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Ilse Schulz ().