Piergiovanni, R.; Santarelli, E.; Klomp, L.; Thurik, A.R. - Tinbergen Institute - 2002
Gibrat's Law does not hold, i.e., the main finding is that firm growth decreases with firm size. However, almost all of these … obtained for a large sample of Dutch firms in the hospitality industry - we examine whether the assumption that growth rates … that growth rates are, in fact, independent of firm size in two business groups, while Gibrat's Law is rejected for the …