Exploring the processes of firm growth: evidence from a vector auto-regression
This article offers many new insights into the processes of firm growth by applying a vector autoregression model to longitudinal panel data on French manufacturing firms. We observe the coevolution of key variables such as growth of employment, sales, gross operating surplus, and labor productivity...
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Veröffentlicht in: | Industrial and corporate change 2010-12, Vol.19 (6), p.1677-1703 |
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description | This article offers many new insights into the processes of firm growth by applying a vector autoregression model to longitudinal panel data on French manufacturing firms. We observe the coevolution of key variables such as growth of employment, sales, gross operating surplus, and labor productivity growth. Preliminary results suggest that employment growth is succeeded by the growth of sales, which in turn is followed by growth of profits. Generally speaking, however, growth of profits is not followed by much employment growth or sales growth. Quantile regressions highlight some asymmetries between negative-growth and fast-growth firms. |
doi_str_mv | 10.1093/icc/dtq018 |
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source | PAIS Index; Business Source Complete; Oxford University Press Journals All Titles (1996-Current) |
subjects | Business cycles Business growth Economic models Economic performance Economic theory Economics and Finance Employment Employment level Enterprises France Growth rates Humanities and Social Sciences Industrial sector Manufacturing Productivity Profits Regression analysis Studies Vector-autoregressive models Western Europe |
title | Exploring the processes of firm growth: evidence from a vector auto-regression |
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