The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Growth and Size of Firms
Abstract
We use a dataset of 87,000 independent UK companies to investigate the relationship between firm size and growth. For the sample as a whole, a Galton-Markov model of regression towards the mean shows that growth is negatively related to initial size. However, when the sample is broken down by size group, we find that regression towards the mean only occurs for the smallest firms, e.g. those with eight employees or less. For larger firms, there is essentially no relationship between growth and size. Even for the smallest firm, our results may be due to transitory factors.
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Citations
Cites
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
A Suggestion for Using Powerful and Informative Tests of Normality
D'agostino, R. B., Belanger, A., & D'agostino, R. B. (1990) · The American Statistician · doi:10.2307/2684359 · Cited by 1,809
Cited by
Zipf Distribution of U.S. Firm Sizes
Axtell, R. L. (2001) · Science · doi:10.1126/science.1062081 · Cited by 1,839
What is the value of entrepreneurship? A review of recent research
van Praag, C. M., & Versloot, P. H. (2007) · Small Business Economics · doi:10.1007/s11187-007-9074-x · Cited by 1,206
Organizational Learning from Performance Feedback: A Behavioral Perspective on Innovation and Change
Greve, H. R. (2003) · Cambridge University Press eBooks · doi:10.1017/cbo9780511615139 · Cited by 771
Entrepreneurship and the process of firms' entry, survival and growth
Santarelli, E., & Vivarelli, M. (2007) · Industrial and Corporate Change · doi:10.1093/icc/dtm010 · Cited by 503
Like milk or wine: Does firm performance improve with age?
Coad, A., Segarra, A., & Teruel, M. (2013) · Structural Change and Economic Dynamics · doi:10.1016/j.strueco.2012.07.002 · Cited by 420
Metadata
- Authors
- Hart, P. E., & Oulton, N.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 1996-09
- Volume
- 106
- Issue
- 438
- Pages
- 1242
- ISSN
- 0013-0133 (ISSN-L)
- OpenAlex
- W2020956163
- Cited by
- 409
- References
- 2
- FWCI
- 21.14
- Type
- journal article
- Language
- en
- Open access
- closed
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- Hart, P. E., & Oulton, N. (1996). Growth and Size of Firms. The Economic Journal. https://doi.org/10.2307/2235518
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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.