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The Influence of Size and R&D on the Growth of Firms in the U.S

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Author Info

  • Saleh Amirkhalkhali

    (Saint Mary's University)

  • Arun K. Mukhopadhyay

    (Saint Mary's University)

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    Abstract

    This 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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    File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume19/V19N2P223_233.pdf
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    Bibliographic Info

    Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

    Volume (Year): 19 (1993)
    Issue (Month): 2 (Spring)
    Pages: 223-233

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    Handle: RePEc:eej:eeconj:v:19:y:1993:i:2:p:223-233

    Contact details of provider:
    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
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    Web page: http://www.ramapo.edu/eea/journal.html
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    Related research

    Keywords: Firm; Firms; R&D;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Hall, Bronwyn H, 1987. "The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 583-606, June.
    2. Vining, Daniel R, Jr, 1976. "Autocorrelated Growth Rates and the Pareto Law: A Further Analysis," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 369-80, April.
    3. Singh, Ajit & Whittington, Geoffrey, 1975. "The Size and Growth of Firms," MPRA Paper 51715, University Library of Munich, Germany.
    4. Ijiri, Yuji & Simon, Herbert A, 1974. "Interpretations of Departures from the Pareto Curve Firm-Size Distributions," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 315-31, Part I, M.
    5. Chesher, Andrew, 1979. "Testing the Law of Proportionate Effect," Journal of Industrial Economics, Wiley Blackwell, vol. 27(4), pages 403-11, June.
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    Cited by:
    1. 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.
    2. 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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