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Growth and Diversification Patterns of the Worldwide Pharmaceutical Industry

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Author Info

  • Giulio Bottazzi

    ()

  • Angelo Secchi

Abstract

In this paper we present a description of the growth and diversification patterns of the top firms in the worldwide pharmaceutical industry. We apply parametric and non-parametric methods to the analysis of firms size distribution and its dynamics. Our study confirms the results of previous empirical analyses of the growth dynamics of firms but also reveals structural features of the pharmaceutical industry that have never been investigated before. Using firm sales at a high level of disaggregation, we are able to analyze the diversification structure of the firm and study its relation with the aggregate firm size. Copyright Springer 2005

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File URL: http://hdl.handle.net/10.1007/s11151-004-7296-5
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Bibliographic Info

Article provided by Springer in its journal Review of Industrial Organization.

Volume (Year): 26 (2005)
Issue (Month): 2 (December)
Pages: 195-216

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Handle: RePEc:kap:revind:v:26:y:2005:i:2:p:195-216

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Web page: http://www.springerlink.com/link.asp?id=100336

Related research

Keywords: diversification; firm growth; pharmaceutical industry; size distribution;

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Cited by:
  1. Giulio Bottazzi & Alex Coad & Nadia Jacoby & Angelo Secchi, 2005. "Corporate Growth and Industrial Dynamics: Evidence from French Manufacturing," LEM Papers Series 2005/21, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  2. Giulio Bottazzi & Angelo Secchi & Federico Tamagni, 2006. "Financial Fragility and Growth Dynamics of Italian Business Firms," LEM Papers Series 2006/07, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  3. Gerrit de Wit & Haibo Zhou, 2009. "Determinants and dimensions of firm growth," Scales Research Reports H200903, EIM Business and Policy Research.
  4. Coad, Alex, 2010. "Investigating the exponential age distribution of firms," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 4(17), pages 1-30.
  5. Giulio Bottazzi & Angelo Secchi & Federico Tamagni, 2006. "Productivity, Profitability and Financial Fragility: Evidence from Italian Business Firms," LEM Papers Series 2006/08, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  6. Christopher Snyder, 2005. "Introduction to the 2004 International Industrial Organization Conference Special Issue," Review of Industrial Organization, Springer, vol. 26(2), pages 145-146, December.
  7. G. Bottazzi & E. Cefis & G. Dosi & A. Secchi, 2007. "Invariances and Diversities in the Patterns of Industrial Evolution: Some Evidence from Italian Manufacturing Industries," Small Business Economics, Springer, vol. 29(1), pages 137-159, June.

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