Un modello di crescita discontinua dell’impresa: teoria ed evidenza empirica

Firm’s size tipically changes through discrete leaps over time.The model of firm’s growth discussed here entails some nonstandard consequences. Firstly, profitability is not a continuous function of size, but exhibits a number of peaks. Secondly, investment increases in those firms where profit falls shorter some given threshold. The main predictions of the model are confirmed by non-parametric analysis and panel estimation on a sample of Italian manufacturing firms from 1998 to 2007.