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Industry Differences in the Firm Size Distribution
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics.
2013 (English)Other (Other academic)
Abstract [en]

This paper empirically examines industry determinants of the shape of Swedish firm size distributions at the 3-digit (NACE) industry level between 1999-2004 for surviving firms. Recent theoretical studies have begun to develop a better understanding of the causal mechanisms behind the shape of firm size distributions. At the same time there is a growing need for more systematic empirical research. This paper therefore presents a two-stage empirical model, in which the shape parameters of the size distribution are estimated in a rst stage, with rm size measured as number of employees. In a second stage regression analysis, anumber of hypotheses regarding economic variables that may determine the distributional shape are tested. The result from the first step are largely consistent with previous statistical ndings conrming a power law. The main nding, however, is that increases in industry capital and nancial constraint exert a considerable inuence on the size distribution, shaping it over time towards thinner tails, and hence fewer large firms.

Place, publisher, year, pages
2013.
Keyword [en]
Firm size distribution, Zipf's law, Gibrat's law
National Category
Economics
Identifiers
URN: urn:nbn:se:kth:diva-118329OAI: oai:DiVA.org:kth-118329DiVA: diva2:605655
Note

QC 20130215

Available from: 2013-02-14 Created: 2013-02-14 Last updated: 2013-02-15Bibliographically approved
In thesis
1. Firm Dynamics: The Size and Growth Distribution of Firms
Open this publication in new window or tab >>Firm Dynamics: The Size and Growth Distribution of Firms
2013 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This thesis is about firm dynamics, and relates to the size and growth-rate distribution of firms. As such, it consists of an introductory and four separate chapters. The first chapter concerns the size distribution of firms, the two subsequent chapters deal more specically with high-growth firms (HGFs), and the last chapter covers a related topic in distributional estimation theory. The first three chapters are empirically oriented, whereas the fourth chapter develops a statistical concept.

Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2013. 44 p.
Series
TRITA-IEO, ISSN 1100-7982 ; 2013:2
Keyword
Firm size distribution, High-growth firms, Gazelles Firm growth- rate distribution
National Category
Economics and Business Economics
Identifiers
urn:nbn:se:kth:diva-118333 (URN)978-91-7501-642-9 (ISBN)
Public defence
2013-03-07, F3, Lindstedv 30, KTH, Stockholm, 10:00 (English)
Opponent
Supervisors
Note

QC 20130215

Available from: 2013-02-15 Created: 2013-02-14 Last updated: 2017-01-19Bibliographically approved

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
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  • vancouver
  • Other style
More styles
Language
  • de-DE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
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  • text
  • asciidoc
  • rtf