Exploring the processes of firm growth: evidence from a vector auto-regression

Coad, Alex (2010) Exploring the processes of firm growth: evidence from a vector auto-regression. Industrial and Corporate Change, 19 (6). pp. 1677-1703. ISSN 0960-6491

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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.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Subjects: H Social Sciences > HD Industries. Land use. Labour > HD2350.8 Large industry. Factory system. Big business
Depositing User: Alex Coad
Date Deposited: 03 Jul 2012 12:19
Last Modified: 03 Jul 2012 12:19
URI: http://srodev.sussex.ac.uk/id/eprint/39790
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