Firm Growth : a Survey
Year: 2007
Type: article
Abstract: We survey the phenomenon of the growth of firms drawing on literature from eco-nomics, management, and sociology. We begin with a review of empirical ‘stylised facts’ before discussing theoretical contributions. Firm growth is characterized by a predom-inant stochastic element, making it difficult to predict. Indeed, previous empirical re-search into the determinants of firm growth has had a limited success. We also observe that theoretical propositions concerning the growth of firms are often amiss. We con-clude that progress in this area requires solid empirical work, perhaps making use of novel statistical techniques.
Author: Alex Coad
Institution: Centre d'Économie de la Sorbonne
Language: English
Topic: Firm Innovation and Growth
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2163061509