Singh, Ajit and Whittington, Geoffrey (1975): The Size and Growth of Firms. Published in: The Review of Economic Studies , Vol. 42, No. 1 : pp. 15-26.
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Abstract
This paper is a sequel to the analysis of the growth process of firms presented in Chapters 4 and 5 of our book Growth, Profitability and Valuation. The relationship between size and growth of firms is explored using a more comprehensive set of data than was used in the book. In particular, the book was based on data relating to individual quoted companies in the UK in only three large industries, whereas, in this paper, we extend the analysis to cover all major industrial groups in manufacturing, construction and distribution. This paper explores the relationship between size and growth of firms, and particularly stochastic models based on the Law of Proportionate Effect or Gibrat's Law.
Item Type: | MPRA Paper |
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Original Title: | The Size and Growth of Firms |
Language: | English |
Keywords: | Gibrat's Law, Law of Proportionate Effect, Size and Growth of Firms |
Subjects: | D - Microeconomics > D0 - General |
Item ID: | 51715 |
Depositing User: | Ajit Singh |
Date Deposited: | 26 Nov 2013 07:26 |
Last Modified: | 03 Oct 2019 07:24 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/51715 |