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Financial determinants of firm dynamics: Evidence from a European panel

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  • Brückner, Markus

Abstract

I use a panel of large European firms for the period 1999-2007 to study scale dependence in firm dynamics. I find that scale dependence is much more pronounced when focusing on within-firm rather than between-firm variation and that scale dependence is a decreasing function of financial development.

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  • Brückner, Markus, 2010. "Financial determinants of firm dynamics: Evidence from a European panel," Economics Letters, Elsevier, vol. 107(1), pages 63-65, April.
    • Handle: RePEc:eee:ecolet:v:107:y:2010:i:1:p:63-65
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    Cited by:

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    4. Nuri Yildirim, 2015. "Not Leverage but Change in Leverage Matters for Firms' Future Growth: Evidence from Turkey's Top 1000," International Economic Journal, Taylor & Francis Journals, vol. 29(3), pages 503-525, September.

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    Keywords

    Financial development Firm dynamics;

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