Eldomiaty, Tarek Ibrahim; Azzam, Islam Abdel Azim; El … - In: Risks : open access journal 13 (2025) 10, pp. 1-23
This study distinguishes between observed, uncertain, and stochastic uncertain firm growth. Observed firm growth is measured via historical growth of fixed assets scaled by growth of sales revenue. Uncertain firm growth is the volatility of unobserved (estimated error terms) firm growth. The...