Nerlinger, Eric A.; Almus, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999
The present paper deals with the question whether 'Gibrat's law' is applicable to firms founded between 1989 and 1996 … Chesher (1979) is used to explore 'Gibrat's law' in order to examine the influence of firm size on growth. Moreover we test …), 'Gibrat's law' is rejected for the group of innovative as well as for the group of non-innovative young firms in all periods …