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Processes of firm growth and diversification: theory and evidence
Coad, Alex; Guenther, Christina - Science and Technology Policy Research (SPRU), School … - 2013
In this short research note we investigate the role of diversification in the firm growth process. We build on Penrose … boasts a detailed and meaningful definition of diversification. Our exploratory analyses indicate that diversification, in … terms of product introductions, is preceded by employment growth. Moreover, we find support that diversification is …
Persistent link: https://www.econbiz.de/10011098656
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Like milk or wine: Does firm performance improve with age?
Coad, Alex; Segarra, Agustí; Teruel, Mercedes - Xarxa de Referència en Economia Aplicada (XREAP) - 2010
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/10008520401
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Like milk or wine: Does firm performance improve with age?
Coad, Alex; Segarra, Agustí; Teruel, Mercedes - Volkswirtschaft Abteilung, Fachbereich … - 2010
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/10008539998
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Like milk or wine: Does firm performance improve with age?
Coad, Alex; Segarra, Agustí; Teruel, Mercedes - In: Structural Change and Economic Dynamics 24 (2013) C, pp. 173-189
Little is known about how firm performance changes with age, presumably because of the paucity of data on firm age. We analyze the performance of a panel of Spanish manufacturing firms between 1998 and 2006, relating it to firm age. We find evidence that firms improve with age, because ageing...
Persistent link: https://www.econbiz.de/10011048665
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Diversification patterns and survival as firms mature
Coad, Alex; Guenther, Christina - In: Small Business Economics 41 (2013) 3, pp. 633-649
We focus on the relationship between age and diversification patterns of German machine tool manufacturers in the post …-war era. We distinguish between ‘minor diversification’ (adding a new product variation within a familiar submarket) and … ‘major diversification’ (expanding the product portfolio into new submarkets). Our analysis reveals four main insights. First …
Persistent link: https://www.econbiz.de/10010865369
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Exploring the "mechanics" of firm growth : evidence from a short-panel VAR.
Coad, Alex - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007
This paper offers many new insights into the processes of firm growth by applying a 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, gross operating surplus and labour...
Persistent link: https://www.econbiz.de/10005670852
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Disentangling the firm growth process: evidence from a recursive panel VAR.
Coad, Alexander - Volkswirtschaft Abteilung, Fachbereich … - 2007
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...
Persistent link: https://www.econbiz.de/10005765377
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Firm growth and productivity growth evidence from a panel VAR.
Coad, Alex; Broekel, Tom - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007
This paper offers new insights into the processes of firm growth by applying a reduced form vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms (1996-2004). We observe the co-evolution of key variables such as growth of employment, sales, and gross...
Persistent link: https://www.econbiz.de/10005797751
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Growth Processes of Italian Manufacturing Firms
Coad, Alex; Rao, Rekha; Tamagni, Federico - Wirtschaftswissenschaftliche Fakultät, … - 2008
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/10005001425
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Firm Growth and Scaling of Growth Rate Variance in Multiplant Firms
Coad, Alex - Wirtschaftswissenschaftliche Fakultät, … - 2007
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 ï¬rm growth. Using data on French manufacturing ï¬rms, we observe a relatively low, but statistically signiï¬cant, negative...
Persistent link: https://www.econbiz.de/10005090456