Daunfeldt, Sven-Olov; Elert, Niklas - In: Small Business Economics 41 (2013) 1, pp. 133-147
The purpose of this article is to investigate if the industry context matters for whether Gibrat’s law is rejected or not using a dataset that consists of all limited firms in five-digit NACE-industries in Sweden during 1998–2004. The results reject Gibrat’s law on an aggregate level,...