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The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries

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Evans, David S.·1987·The Journal of Industrial Economics

Abstract

This study uses a sample of all firms operating in 100 manufacturing industries to examine some aspects of firm dynamics. It finds that firm growth, the variability of firm growth, and the probability that a firm will fail decrease with firm age. It also finds that firm growth decreases at a diminishing rate with firm size even after controlling for the exit of slow-growing firms from the sample. Gibrat's Law therefore fails, although the severity of the failure decreases with firm size. Copyright 1987 by Blackwell Publishing Ltd.

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Metadata

Authors
Evans, D. S.
Venue
The Journal of Industrial Economics
Publisher
JSTOR
Published
1987-06
Volume
35
Issue
4
Pages
567
ISSN
0022-1821 (ISSN-L)
OpenAlex
W2052871325
Cited by
1,925
References
6
FWCI
36.17
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries. https://app.cochat.ai/papers/10.2307/2098588
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Evans, D. S. (1987). The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries. The Journal of Industrial Economics. https://doi.org/10.2307/2098588

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

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.