Repercusiones de la definición de tamaño empresarial en los resultados empíricos sobre eficiencia y financiación
[Repercussions of firm size definition on empirical results for firm efficiency and financing research]
AbstractA huge number of quantitative and qualitative criteria perform the research practice and legal issuing on firm size and firm-size-related measures. Inside each of those criteria, quantitative boundaries between two firm categories have also been diverse, even arbitrary. This approach to firm size concept finds out a convergence among variables —assets, market share, labour cost— with activity segment remarks (where both a traditional division and a original proposal have been used). It is demonstrated that previous founding on industry-size relations —as well as profitability or financial structure measurements— clearly depend on firm size and industry (explicative variables) definitions and also on depending variables definitions (mainly profitability).
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 4731.
Date of creation: 05 Oct 2006
Date of revision: 05 Sep 2007
Publication status: Published in Observatorio Iberoamericano del Desarrollo Local y la Economía Social 1.1(2007): pp. 308-361
Firm Size definition; Industry sector definition; factorial analysis; efficiency results; financing results;
Find related papers by JEL classification:
- M00 - Business Administration and Business Economics; Marketing; Accounting - - General - - - General
- K29 - Law and Economics - - Regulation and Business Law - - - Other
- M40 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - General
- E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other
- M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ACC-2007-09-16 (Accounting & Auditing)
- NEP-ALL-2007-09-16 (All new papers)
- NEP-COM-2007-09-16 (Industrial Competition)
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.:
- HERNÁNDEZ GARCÍA, Mª del Carmen & RODRÍGUEZ BRITO, Mª Gracia & RODRÍGUEZ FERRER, Teresa, 2001. "El efecto industria en la estructura económico-financiera de la empresa," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 17, pages 141-161, Abril.
- Wald, John K, 1999. "How Firm Characteristics Affect Capital Structure: An International Comparison," Journal of Financial Research, Southern Finance Association & Southwestern Finance Association, vol. 22(2), pages 161-87, Summer.
- Jaumandreu, Jordi & Fariñas García, José Carlos, . "Diez años de encuesta sobre estrategias empresariales," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/5312, Universidad Carlos III de Madrid.
- Graham Hall & Patrick Hutchinson & Nicos Michaelas, 2000. "Industry Effects on the Determinants of Unquoted SMEs' Capital Structure," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 7(3), pages 297-312.
- Titman, Sheridan & Wessels, Roberto, 1988. " The Determinants of Capital Structure Choice," Journal of Finance, American Finance Association, vol. 43(1), pages 1-19, March.
- Peter E Hart & Nicholas Oulton, .
"Growth and size of firms,"
NIESR Discussion Papers
77, National Institute of Economic and Social Research.
- Becchetti, Leonardo & Trovato, Giovanni, 2002. " The Determinants of Growth for Small and Medium Sized Firms: The Role of the Availability of External Finance," Small Business Economics, Springer, vol. 19(4), pages 291-306, December.
- Pinches, George E & Mingo, Kent A, 1973. "A Multivariate Analysis of Industrial Bond Ratings," Journal of Finance, American Finance Association, vol. 28(1), pages 1-18, March.
- Lopez-Gracia, Jose & Aybar-Arias, Cristina, 2000. " An Empirical Approach to the Financial Behaviour of Small and Medium Sized Companies," Small Business Economics, Springer, vol. 14(1), pages 55-63, February.
- Rutherford,Malcolm, 1994.
"Institutions in Economics,"
Cambridge University Press, number 9780521451895, October.
- Almus, Matthias & Nerlinger, Eric A, 1999. " Growth of New Technology-Based Firms: Which Factors Matter?," Small Business Economics, Springer, vol. 13(2), pages 141-54, September.
- Steven J. Davis & John C. Haltiwanger & Scott Schuh, 1998. "Job Creation and Destruction," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262540932, June.
- Steven J. Davis & John Haltiwanger & Scott Schuh, 1993.
"Small Business and Job Creation: Dissecting the Myth and Reassessing theFacts,"
NBER Working Papers
4492, National Bureau of Economic Research, Inc.
- Davis, Steven J & Haltiwanger, John & Schuh, Scott, 1996. " Small Business and Job Creation: Dissecting the Myth and Reassessing the Facts," Small Business Economics, Springer, vol. 8(4), pages 297-315, August.
- Clara Cardone-Riportella & Leonardo Cazorla-Papis, 2001. "NEW APPROACHES TO THE ANALYSIS OF THE CAPITAL STRUCTURE OF SME´s: EMPIRICAL EVIDENCE FROM SPANISH FIRMS," Business Economics Working Papers wb011003, Universidad Carlos III, Departamento de Economía de la Empresa.
- José Fariñas & Lourdes Moreno, 2000. "Firms' Growth, Size and Age: A Nonparametric Approach," Review of Industrial Organization, Springer, vol. 17(3), pages 249-265, November.
- Martinelli, César, .
"Small firms, borrowing constraints, and reputation,"
Open Access publications from Universidad Carlos III de Madrid
info:hdl:10016/3949, Universidad Carlos III de Madrid.
- Martinelli, Cesar, 1997. "Small firms, borrowing constraints, and reputation," Journal of Economic Behavior & Organization, Elsevier, vol. 33(1), pages 91-105, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.