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Title:Firm growth and scaling of growth rate variance in multiplant firms PDF Logo
Authors:Coad, Alex
Issue Date:2007
Series/Report no.:Jena economic research papers 2007,101
Abstract:While Gibrat’s Law assumes that growth rate variance is independent of size, empirical work has usually found a negative relationship between growth rate variance and firm growth. Using data on French manufacturing firms, we observe a relatively low, but statistically significant, negative relationship between firm size and growth rate variance. Furthermore, we observe that growth rate variance does not decrease monotonically the more plants a firm possesses, which is at odds with a number of theoretical models.
Subjects:Growth rate variance
Firm growth
Scaling relationship
Multiplant firms
Gibrat’s Law
JEL:L25
L20
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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