Showing 1 - 10 of 218
This paper offers new insights into the processes of firm growth by applying a reducedform vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms. We observe the co-evolution of key variables such as growth of employment, sales, and gross operating surplus, as...
Persistent link: https://www.econbiz.de/10010263848
While Gibrat's Law assumes that growth rate variance is independent of size, empirical work has usually found a negative relationship between growth rate variance and firm growth. Using data on French manufacturing firms, we observe a relatively low, but statistically significant, negative...
Persistent link: https://www.econbiz.de/10010263849
This paper analyses the association between dynamic capabilities and new firm growth, controlling for measures of firm resources, characteristics of the entrepreneur, and aspects of the environment. The central research question is: How strong is the relationship between dynamic capabilities and...
Persistent link: https://www.econbiz.de/10010263862
We apply a reduced-form vector autoregression model to analyze the growth processes of Italian manufacturing firms, 1989-1997. We focus in particular on lead-lag associations describing the coevolution of employment growth, sales growth, growth of profits and labour productivity growth....
Persistent link: https://www.econbiz.de/10010263879
high growth firms, which are key in innovation and entrepreneurship policies. …
Persistent link: https://www.econbiz.de/10010266657
Recent work drawing on data for large and small firms has shown a Pareto distribution of firm size. We mix a Gibrat-type growth process among incumbents with an exponential distribution of firm's age, to obtain the empirical Pareto distribution.
Persistent link: https://www.econbiz.de/10010266667
Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...
Persistent link: https://www.econbiz.de/10010269741
The present paper sheds light on how growth of young firms is affected by expansive strategies and the socioeconomic heritage of their main actors. Socioeconomic heritage has to do with socialization, prior socioeconomic circumstances, and regional growth conditions; the term is elaborated upon...
Persistent link: https://www.econbiz.de/10010267124
The purpose of this paper is to examine the existence of cross-level moderating effects between national appropriability conditions, individual level predictors and entrepreneurial growth aspirations. We test a multi-level model that connects the determinants of strategic resource allocation...
Persistent link: https://www.econbiz.de/10010271188
economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the … that ambitious entrepreneurship contributes more strongly to macro-economic growth than entrepreneurial activity in general …. We find a particularly strong effect of high-expectation entrepreneurship for transition countries. These results are …
Persistent link: https://www.econbiz.de/10010276971