The Influence of Size and R&D on the Growth of Firms in the U.S
AbstractThis study examines the role of size and R&D in explaining the rate of growth of firms by testing Gibrat's law. In particular, this paper extends earlier studies, by addressing this question: Do the size-growth relationships and the consequent size-distribution of firms depend on whether or not the firms are operating in R&D-intensive industries? The empirical evidence indicates an affirmative answer to this question. Further, our results appear to refute Gibrat's law. Firm growth rates are autocorrelated. There also seems to be adequate evidence showing that larger firms have lower growth rates.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 19 (1993)
Issue (Month): 2 (Spring)
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Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA
Phone: (201) 684-7346
Web page: http://www.ramapo.edu/eea/journal.html
More information through EDIRC
Firm; Firms; R&D;
Find related papers by JEL classification:
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
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51715, University Library of Munich, Germany.
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- D.B. Audretsch & L. Klomp & E. Santarelli & A.R. Thurik, 2004.
"Gibrat's Law: Are the Services Different?,"
Review of Industrial Organization,
Springer, vol. 24(3), pages 301-324, 05.
- Audretsch, D.B. & Klomp, L. & Thurik, A.R., 2002. "Gibrat's Law: are the services different?," ERIM Report Series Research in Management ERS-2002-04-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
- Roy Thurik & Enrico Santarelli & David Audretsch & Luuk Klomp, 2002. "Gibrat's Law: Are the Services Different?," Scales Research Reports H200201, EIM Business and Policy Research.
- Bhattacharyya, Surajit & Saxena, Arunima, 2009. "Does the Firm Size Matter? An Empirical Enquiry into the Performance of Indian Manufacturing Firms," MPRA Paper 13029, University Library of Munich, Germany.
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