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A Closer Look at Serial Growth Rate Correlation Author info | Abstract | Publisher info | Download info | Related research | Statistics Alex Coad
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Serial correlation in annual growth rates carries a lot of information on growth pro-cesses – it allows us to directly observe firm performance as well as to test theories. Using a 7-year balanced panel of 10 000 French manufacturing firms, we observe that small firms typically are subject to negative correlation of annual growth rates, whereas larger firms display positive correlation. Furthermore, we find that those small firms that experience extreme positive or negative growth in any one year are unlikely to repeat this performance in the following year
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Paper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number
2006/29.
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Date of creation: 03 Nov 2006Date of revision:
Handle: RePEc:ssa:lemwps:2006/29Contact details of provider: Postal: Piazza dei Martiri della Liberta, 33, 56127 Pisa Phone: +39-50-883343 Fax: +39-50-883344 Email: Web page: http://www.lem.sssup.it/ More information through EDIRC
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Keywords: Serial correlation firm growth quantile regression French manufacturing fast-growth firms Other versions of this item:
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references Cited by : (explanations , 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.)
Alex Coad, 2008.
"Firm growth and scaling of growth rate variance in multiplant firms ,"
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Alexander Coad, 2007.
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2007-15, Max Planck Institute of Economics, Evolutionary Economics Group.
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