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We focus on the relationship of age and diversification patterns of German machine tool manufacturers in the post war …'s lifetime. We distinguish between minor diversification and major diversification, where these two concepts refer to adding a … reveals four main insights. First, we observe that firms have lower diversification rates as they grow older, and that …
Persistent link: https://www.econbiz.de/10010286763
Our empirical literature review shows that little is known about how firm performance changes with age, presumably because of the paucity of data on firm age. For Spanish manufacturing firms, we analyse the firm performance related to firm age between 1998 and 2006. We find evidence that firms...
Persistent link: https://www.econbiz.de/10010281853
Notwithstanding the research attention given to the implementation of lean practices, particularly in the developed countries, its adoption in the furniture industry in emerging economies is not promising and confined to a handful of studies only. The purpose of this study is to examine the...
Persistent link: https://www.econbiz.de/10014462027
In this work we analyze the relationship between the patterns of firm diversification, if any, across product lines and … scope, their relationships, the size-scaling and coherence properties of diversification itself. Our analysis shows that … technologies increase log-linearly with firm size. And the directions of diversification themselves display coherence between …
Persistent link: https://www.econbiz.de/10011335939
This paper presents a multidimensional empirical analysis of firm growth. Exploiting census data on Italian manufacturing firms, 1989-1997, we estimate a reduced-form VAR to analyze the co-evolution of employment growth, sales growth, growth of profits and labour productivity growth. Our main...
Persistent link: https://www.econbiz.de/10010328503
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
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
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
We attempt to describe the coevolution of employment growth, sales growth and growth of profits in a panel of French manufacturing firms 1996-2004. Our analysis entails 'recursive' panel vector autoregressions, whereby we impose the structure of employment growth leading to contemporaneous sales...
Persistent link: https://www.econbiz.de/10010266742