The Evolution of the Firm Size Distribution and Nationality of Ownerhship
AbstractIt has recently been shown that the firm size distribution is initially skewed to the right and then evolves over time to become more lognormal, and argued that this is likely due to firms initially facing financial constraints, see Cabral and Mata(2003). We conjecture that, if this is true, then such a pattern should be much less apparent for multinational companies for which financial constraints are generally considered to be lower than non-multinationals. Moreover, such a difference should be re-enforced by the fact that multinationals are less likely to face selection issues. These propositions are confirmed using plant level Irish manufacturing data.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 12 (2005)
Issue (Month): 1 ()
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Other versions of this item:
- BARRIOS, Salvador & GOERG, Holger & STROBL, Eric, 2004. "The evolution of the firm size distribution and nationality of ownership," CORE Discussion Papers 2004022, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- L6 - Industrial Organization - - Industry Studies: Manufacturing
- F2 - International Economics - - International Factor Movements and International Business
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