negatively the growth of sales and value added all across the growth rate distribution with an effect that was slightly larger at …The COVID-19 shock hit firms hard, on average, but how did it hit in the distribution of firms, differently between the … high-growth superstars and the firms that were already struggling to survive? This paper implements graphical techniques …

Gibrat's Law does not hold, i.e., the main finding is that firm growth decreases with firm size. However, almost all of these … obtained for a large sample of Dutch firms in the hospitality industry - we examine whether the assumption that growth rates … that growth rates are, in fact, independent of firm size in two business groups, while Gibrat's Law is rejected for the …

the opposite is true when we allow for market selection. Indeed, the growth behavior of the re-shaped (smaller) population … confirm the rejection of the Gibrat's law when our firm-level data are considered over the entire investigated period, while … of the survived most efficient firms is in line with the Law of Proportionate Effect; this evidence reconciles early and …