between a firm’s financial situation and its conditional expected growth rate. Specifically, using quantile regressions, we … obtain a quantitative characterization of this relation for different quantiles of the growth rates distribution. We find … growth-finance relation. Indeed, the vast majority of the explanatory variables considered are associated with modifications …

We propose an aggregate growth index that explicitly accounts for non-normality in the micro-economic distribution of … firm growth rates and for the presence of a negative scaling relation between their volatility and the size of the firm … two parts, describing respectively the modal (typical) value of growth rates and the tilt (asymmetry) of their …

If business firms face a multiplicative growth process in which their growth rates are independent from their sizes … distribution of growth rates cannot be easily reconciled with a Pareto distribution of firm sizes. Recent contributions, using … formal arguments, seems to contrast these statements. We prove that the proposed formal results are wrong. -- Firm Growth …