Explaining the distribution of firm growth rates

被引:207
作者
Bottazzi, Giulio
Secchi, Angelo
机构
关键词
D O I
10.1111/j.1756-2171.2006.tb00014.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
Empirical analyses on aggregated datasets have revealed a common exponential behavior in the shape of the probability density of corporate growth rates. We present clear-cut evidence on this topic using disaggregated data. We explain the observed regularities proposing a model in which firms' ability to take up new business opportunities increases with the number of opportunities already exploited. A theoretical result is presented for the limiting case in which the number of firms and opportunities go to infinity. Moreover, using simulations, we show that even in a small industry the agreement with asymptotic results is almost complete.
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页码:235 / 256
页数:22
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