Avenel, E.; Corolleur, F.; Gauthier, C.; Rieu, C. - Laboratoire d'Économie Appliquée de Grenoble, … - 2005
Based on an original dataset, we analyze empirically the determinants of firm growth in the French biotech industry during two periods, 1996-1999 and 1999-2002. We have two main results. First, Gibrat's law is violated. The growth of annual turnover is influenced by teh initial size of the firm....