TESTS OF ALTERNATIVE THEORIES OF FIRM GROWTH
TESTS OF ALTERNATIVE THEORIES OF FIRM GROWTH
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DOI：
10.1086/261480
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发表时间：
1987-08-01
影响因子：
8.2
通讯作者：
EVANS, DS
中科院分区：
文献类型：
--
作者：
EVANS, DS
本研究以1976年至1982年间的制造业企业为样本，考察了企业成长、企业规模和企业年龄之间的关系。企业成长随企业年龄和企业规模的增大而减小。这些发现是稳健的替代假设有关样本审查的影响和功能形式的增长关系。成长与年龄的反比关系与Jovanovic提出的企业学习理论是一致的，而成长与规模的反比关系则与许多假设或暗示Gibrat定律的理论不一致。
This study examines the relationships among firm growth, firm size, and firm age for a sample of manufacturing firms between 1976 and 1982. Firm growth is found to decrease with firm age and firm size. These findings are robust to alternative assumptions concerning the effects of sample censoring and the functional form of the growth relationship. The inverse growth-age relationship is consistent with a theory of firm learning proposed by Jovanovic while the inverse growth-size relationship is inconsistent with a number of theories that assume or imply Gibrat's law.