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| Author: | Bottazzi, G. Cefis, E. Dosi, G. |
| Title: | Corporate growth and industrial structures: some evidence from the Italian manufacturing industry |
| Journal: | Industrial and Corporate Change
2002 : AUG, VOL. 11:4, p. 705-723 |
| Index terms: | COMPANY GROWTH Industrial structure Manufacturing industry Italy |
| Language: | eng |
| Abstract: | This work analyses the properties of corporate growth in a large longitudinal sample of Italian manufacturing firm. In particular, it focuses on the statistical properties of growth rates and on the influence of proxies for relative efficiency upon relative growth. In line with previous work, the emergence of "fat tails" in growth rate distributions and the idiosyncratic nature of autocorrelation coefficiencies confirm the existence of a structure in the growth process richer that the one normally assumed by the "Gibrat Law" hypothesis and suggest the presence of firm-specific drivers of growth. |
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