Kitov, Ivan (2009): What is the best firm size to invest?
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Abstract
Significant differences in the evolution of firm size distribution for various industries in the United States have been revealed and documented. For theoretical considerations, this finding puts major constraints on the modelling of firm growth. For practical purposes, the observed differences create a solid basis for selective investment strategies.
Item Type: | MPRA Paper |
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Original Title: | What is the best firm size to invest? |
Language: | English |
Keywords: | firm size distribution, Pareto distribution, the USA, evolution, investment |
Subjects: | L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L17 - Open Source Products and Markets G - Financial Economics > G1 - General Financial Markets > G10 - General |
Item ID: | 13721 |
Depositing User: | Ivan Kitov |
Date Deposited: | 03 Mar 2009 09:03 |
Last Modified: | 28 Sep 2019 16:36 |
References: | Axtell, R. , (2001). Zipf distribution of US firm sizes. Science, 293:1818–1820. Coad, A., (2009). The Growth of Firms: A Survey of Theories and Empirical Evidence. Edward Elgar: Cheltenham, UK. de Wit, G. (2005). Firm size distributions an overview of steady-state distributions resulting from firm dynamics models. International Journal of Industrial Organization, 23(5-6):423–450. Kaizoji, T., Iyetomi, H., Ikeda, Y., (2006). Re-examination of the Size Distribution of Firms, Evolutionary and Institutional Economics Review, 2 183-198. Kitov, I., (2009). Apples and oranges: relative growth rate of consumer price indices," MPRA Paper 13587, University Library of Munich, Germany. Kitov, I., Kitov, O., (2008). Long-Term Linear Trends In Consumer Price Indices, Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(2(4)_Summ). Stanley, M., Buldyrev, S., Havlin, S., et al., (1995). Zipf plots and the Size Distribution of Firms, Economics Letters. 49 453-457. Sutton, J. (1997). Gibrat’s legacy. Journal of Economic Literature, XXXV: 40–59. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/13721 |