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 …

This paper examines the impact of floods on firms' capital accumulation, employment growth and productivity by using a … show higher growth of total assets and employment than firms in areas which did not face a flooding. This positive effect … is even more pronounced for companies with larger shares of intangible assets. Regarding the firms' productivity a …