Lee, Jim - In: International Journal of the Economics of Business 16 (2009) 2, pp. 189-203
This paper reexamines the determinants of firm performance and, in particular, the role that firm size plays in profitability. A fixed-effects dynamic panel data model for over 7,000 US publicly-held firms during the period 1987-2006 provides evidence that profit rates are positively correlated...