IDEAS home Printed from https://ideas.repec.org/a/ris/eaerev/0232.html
   My bibliography  Save this article

The Effects of Size and Age on Firm Growth: Does Foreign Ownership Matter?

Author

Listed:
  • Sung, Hyo-Yong

    (Sungshin Women's University)

  • Yun, Mikyung

    (Korea Institute for International Economic Policy)

Abstract

This paper explores the impact of size and age on firm growth in Korean manufacturing industries during the ten years between 1990 and 2000, and compares the result between domestic firms and foreign invested firms. The estimation results suggest that in general, smaller firms grow faster among domestic firms, rejecting Gibrat's law, but that size had no significant effect on growth for foreign invested firms, supporting Gibrat's law. On the other hand younger firms tend to grow faster than older firms for both foreign invested and domestic firms, supporting Jovanovic's learning model of firm growth.

Suggested Citation

  • Sung, Hyo-Yong & Yun, Mikyung, 2002. "The Effects of Size and Age on Firm Growth: Does Foreign Ownership Matter?," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 6(1), pages 113-135, June.
    • Handle: RePEc:ris:eaerev:0232
    DOI: 10.11644/KIEP.JEAI.2002.6.1.92
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.11644/KIEP.JEAI.2002.6.1.92
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.11644/KIEP.JEAI.2002.6.1.92?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Foreign Investment; Firm Growth: Gibrats Law;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:eaerev:0232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JE Lee (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.