The advent of a growing share of small firms in modern economies raises some intriguing questions. The most intriguing question undoubtedly is why so many smaller firms, which have traditionally been classified as sub-optimal scale firms, can exist. The authors suggest that, through pursuing a...

Ths subject of this study is the rationale behind two, at first sight conflicting trends: on the one hand we see a strong growth in the numbers of mergers and acquisitions, and on the other there is much attention for the (perceived) growing importance of small and medium-sized enterprises...

In this report the financial model FAMOS for non-financial sectors and size classes is presented as a supplement to existing macro economic and sectoral EIM models such as PRISMA and KTO. In this model all balance-sheet variables and the main financial indicators are modelled. Non-corporations...

This paper examines whether the determination of employment differs between large and small firms. An employment equation is estimated on panel data of 67 three-degit industries in Dutch manufacturing (1974-1986).

It is generally acknowledged that the size-class distribution of enterprises in a country is an important characteristic of its economy. The EU countries are increasingly co-operating and adjusting to each other's needs in order to achieve optimal joint output. However, country differences -at...