The Growth of Firms: A Survey of Theories and Empirical Evidence (New Perspectives on the Modern Corporation series)

Research into firm growth has been accumulating at a terrific pace, and Alex Coad's survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalog of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management. Research into firm growth has been accumulating at a terrific pace, and Alex Coad's survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments.Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity.Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management. Contents......Page 6 Figures and tables......Page 7 Acknowledgements......Page 8 1. Introduction......Page 10 2. Firm size distributions......Page 23 3. Growth rate distributions......Page 34 4. Gibrat’s law......Page 48 5. Profits, productivity and firm growth......Page 58 6. Innovation and firm growth......Page 85 7. Other determinants of firm growth......Page 93 8. Theoretical perspectives......Page 109 9. Growth strategies......Page 120 10. Growth of small and large firm......Page 138 11. Conclusion......Page 152 Notes......Page 161 Bibliography......Page 170 Index......Page 200 Firm Size Distributions -- Growth Rate Distributions -- Gibrat's Law -- Profits, Productivity And Firm Growth -- Innovation And Firm Growth -- Other Determinants Of Firm Growth -- Theoretical Perspectives -- Growth Strategies -- Growth Of Small And Large Firms. Alex Coad. Includes Bibliographical References (p. 161-190) And Index. Presents a catalog of empirical work, as well as a coherent theoretical structure within which various results can be interpreted and understood. This book brings together a large body of research on firm growth from a multidisciplinary perspective, providing a synthesis of stylized facts and empirical regularities Increased availability of longitudinal data and computer processing power has resulted in good progress in empirical research into firm growth. This monograph unites a large body of recent research into firm growth from a multidisciplinary background, providing an up-to-date synthesis of information