Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89396
Authors: 
Coad, Alex
Year of Publication: 
2006
Series/Report no.: 
LEM Working Paper Series 2006/29
Abstract: 
Serial correlation in annual growth rates carries a lot of information on growth processes it allows us to directly observe firm performance as well as to test theories. Using a 7-year balanced panel of 10 000 French manufacturing firms, we observe that small firms typically are subject to negative correlation of annual growth rates, whereas larger firms display positive correlation. Furthermore, we find that those small firms that experience extreme positive or negative growth in any one year are unlikely to repeat this performance in the following year.
Subjects: 
serial correlation
firm growth
quantile regression
French manufacturing
fast-growth firms
JEL: 
L11
L25
Document Type: 
Working Paper

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