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dc.contributor.authorNerlinger, Eric A.en_US
dc.contributor.authorAlmus, Matthiasen_US
dc.coverage.temporal1990-1996en_US
dc.date.accessioned2009-02-16T14:50:51Z-
dc.date.available2009-02-16T14:50:51Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/24289-
dc.description.abstractThe present paper deals with the question whether 'Gibrat's law' is applicable to firms founded between 1989 and 1996 within the Western German manufacturing sector or not. The underlying assumption is that size of a firm has no in uence on its growth. Growth is rather determined by a process of random in uences. Within the context of the econometric analyses conducted in the present study, firms are subdivided into innovative and non-innovative young firms. A method introduced in Chesher (1979) is used to explore 'Gibrat's law' in order to examine the influence of firm size on growth. Moreover we test whether the growth process of firms remains stable over time or not. This so-called 'persistence of growth'-hypothesis implies that growth in one period has an impact on growth in the following period. Using data from the ZEW-Foundation Panel (West), 'Gibrat's law' is rejected for the group of innovative as well as for the group of non-innovative young firms in all periods examined. This confirms the results of a number of empirical studies over the last years, indicating that smaller firms have larger growth potential than larger ones.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 99-01en_US
dc.subject.jelL60en_US
dc.subject.jelL11en_US
dc.subject.ddc330en_US
dc.subject.keywordYoung Innovative Firmsen_US
dc.subject.keywordNew Technology-based Firms (NTBFs)en_US
dc.subject.keywordEmployment Growthen_US
dc.subject.keywordGibrat's Lawen_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwBetriebsgrößeen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwAlte Bundesländeren_US
dc.subject.stwGibrat's Lawen_US
dc.titleZum Zusammenhang zwischen Größe und Wachstum bei Gründungen - Empirische Ergebnisse für West-Deutschlanden_US
dc.typeWorking Paperen_US
dc.identifier.ppn25489710Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5217-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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