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Age, Size, Growth and Survival: UK Companies in the 1980s

Dunne, Paul, Hughes, Alan·1994·The Journal of Industrial Economics

Abstract

This paper examines growth and survival amongst quoted and unquoted U.K. companies in the period 1975-85 and compares the results with earlier U.K. and U.S. studies. An examination of death rates shows that smaller companies had higher death rates but the largest and smallest companies were least vulnerable to takeover. Careful attention is, therefore, paid to problems of sample selection bias. It is shown that smaller companies grew faster than larger companies, that Gibrat's law does not hold amongst smaller firms, that age is negatively related to growth, and that these results are not an artifact of sample-selection bias. Copyright 1994 by Blackwell Publishing Ltd.

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Metadata

Authors
Dunne, P., & Hughes, A.
Venue
The Journal of Industrial Economics
Publisher
JSTOR
Published
1994-06
Volume
42
Issue
2
Pages
115
ISSN
0022-1821 (ISSN-L)
OpenAlex
W2026642336
Cited by
747
References
0
FWCI
16.25
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Age, Size, Growth and Survival: UK Companies in the 1980s. https://app.cochat.ai/papers/10.2307/2950485
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Dunne, P., & Hughes, A. (1994). Age, Size, Growth and Survival: UK Companies in the 1980s. The Journal of Industrial Economics. https://doi.org/10.2307/2950485

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