Cefis, Elena; Ciccarelli, Matteo; Orsenigo, Luigi - Dipartimento di Scienze Aziendali, Economiche e Metodi … - 2002
In this paper we investigate some properties of the patterns of firms’ growth. Several recent studies about this topic are based on some version of the so-called Gibrat’s Law, which assumes that firms’ growth is erratic. We aimed at testing Gibrat’s Law, as a first step towards a more...