The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Financial Markets and Firm Dynamics
Open accessAbstract
Recent studies have shown that the dynamics of firms (growth, job reallocation, and exit) are negatively correlated with the initial size of the firm and its age. In this paper we analyze whether financial factors, in addition to technological differences, are important in generating these dynamics. We introduce financial-market frictions in a basic model of industry dynamics with persistent shocks and show that the combination of persistent shocks and financial frictions can account for the simultaneous dependence of firm dynamics on size (once we control for age) and on age (once we control for size). (JEL D21, G3, L2)
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Cites
Financing Constraints and Corporate Investment
Fazzari, S. M., Hubbard, R. G., Petersen, B. C., Blinder, A. S., & Poterba, J. M. (1988) · Brookings Papers on Economic Activity · doi:10.2307/2534426 · Cited by 5,574
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
Cited by
Corporate social responsibility and access to finance
Cheng, B., Ioannou, I., & Serafeim, G. (2014) · Strategic Management Journal · doi:10.1002/smj.2131 · Cited by 3,896
Multiple-Product Firms and Product Switching
Bernard, A. B., Redding, S. J., & Schott, P. K. (2010) · American Economic Review · doi:10.1257/aer.100.1.70 · Cited by 904
The Life Cycle of Plants in India and Mexico *
Hsieh, C.-T., & Klenow, P. J. (2014) · The Quarterly Journal of Economics · doi:10.1093/qje/qju014 · Cited by 436
Firms, Destinations, and Aggregate Fluctuations
(2014) · Econometrica · doi:10.3982/ecta11041 · Cited by 369
Access to financing and firm growth
Rahaman, M. M. (2011) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2010.09.005 · Cited by 277
Metadata
- Authors
- Cooley, T. F., & Quadrini, V.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2001-12-01
- Volume
- 91
- Issue
- 5
- Pages
- 1286-1310
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1554018098
- Cited by
- 820
- References
- 2
- FWCI
- 30.43
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
