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The extensive empirical literature on the validity of Gibrat’s law does not in general verify the law as it finds that firms’ growth rates are negatively correlated with both firm size and age. However, some studies find that Gibrat’s law holds for sub-samples of firms such as large firms...
Persistent link: https://www.econbiz.de/10005424110
No abstract
Persistent link: https://www.econbiz.de/10005424135
Persistence in corporate performance is analyzed in the framework of empirical tests of unit root behavior concerning firm profits. Data for firm-specific rates of return is applied in a set of panel unit root tests to address the question of persistence in profits both at firm level and for the...
Persistent link: https://www.econbiz.de/10005198083
According to the economic literature, industrial clusters are groups of firms on the same <p> location composing a production system with spillovers that can be vertical and/or <p> horizontal. This paper focuses on horizontal clusters by exploring the spatial <p> distribution of industrial clusters in...</p></p></p>
Persistent link: https://www.econbiz.de/10005424108
The aim of the paper is to examine the relationship between R&D capital and productivity using microdata for Danish manufacturing firms. The influence of factors such as ownership, innovative characteristics and source of funding accounted for. The return to accumulated R&D capital is estimated...
Persistent link: https://www.econbiz.de/10005643823
The aim of the paper is to examine the relationship between R&D capital and productivity using micro data for Danish manufacturing firms. We account for the influence of factors such as ownership, innovative characteristics and source of funding. The return to accumulated R&D capital is...
Persistent link: https://www.econbiz.de/10005225410
The paper investigates the impact of ownership concentration on the likelihood that firms are involved in innovative activities or invest in research and development. We find that more dispersed ownership significantly increases the probability that a firm is engaged in innovation or invests in...
Persistent link: https://www.econbiz.de/10005071283
Persistent link: https://www.econbiz.de/10006259562
Persistent link: https://www.econbiz.de/10007786190
Persistent link: https://www.econbiz.de/10005719112