The quot;resource-based view of the firmquot; has become an important conceptual framework in strategic management but has been widely criticized for lack of an empirical base. To address this deficit, we utilize a new method or identifying inter-firm differences in efficiency within the context...

Small firms outperform large firms in terms of profitability, productivity and growth. Recent technological, market and consumer taste changes have all been conducive to small firms' emergence but still their share of the national income has fallen significantly in the last two decades. This...

We develop a dynamic general equilibrium model, with large and small firms, to examine possible causes and welfare implications of a declining trend in small firms' share of U.S. output since 1958. Numerical experiments indicate that recent technological advances and government tiering policies...