Do firms share the same functional form of their growth rate distribution? A new statistical test
AbstractWe introduce a new statistical test of the hypothesis that a balanced panel of firms have the same growth rate distribution or, more generally, that they share the same functional form of growth rate distribution. We applied the test to European Union and US publicly quoted manufacturing firms data, considering functional forms belonging to the Subbotin family of distributions. While our hypotheses are rejected for the vast majority of sets at the sector level, we cannot rejected them at the subsector level, indicating that homogenous panels of firms could be described by a common functional form of growth rate distribution.
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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number 1103.2234.
Date of creation: Mar 2011
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Web page: http://arxiv.org/
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-03-19 (All new papers)
- NEP-BEC-2011-03-19 (Business Economics)
- NEP-RMG-2011-03-19 (Risk Management)
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- Kaldasch, Joachim, 2012.
"Evolutionary model of the growth and size of firms,"
Physica A: Statistical Mechanics and its Applications,
Elsevier, vol. 391(14), pages 3751-3769.
- Joachim Kaldasch, 2012. "Evolutionary Model of the Growth and Size of Firms," Papers 1208.1123, arXiv.org.
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