Kumar, Krishna B; Rajan, Raghuram G; Zingales, Luigi - C.E.P.R. Discussion Papers - 1999
Motivated by theories of the firm, which we classify as "technological" or "organizational," we analyze the … determinants of firm size across industries and across countries in a sample of 15 European countries. We find that, on average … development, such as greater judicial efficiency, seems to be correlated with lower dispersion in firm size within an industry …