Testing the validity of Gibrat’s law in Slovakia: Quantile approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F19%3AN0100250" target="_blank" >RIV/71226401:_____/19:N0100250 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Testing the validity of Gibrat’s law in Slovakia: Quantile approach
Original language description
The aim of the paper is testing the validity of Gibrat´s law in Slovakia. We use data for more than 40,000 Slovak firms and employ the sales as the measurement of firm size. To examine the size-growth relationship, we apply beside traditional Ordinary least square (OLS) regression also Quantile regression (QR) allowing us to analyse the size-growth link throughout size distribution. We reject the validity of Gibrat´s law on aggregate level and also for individual quartile of size distribution. We identify the significant relationship between firm growth and firm size that vary depending on the firm size. These findings show that firm size class should be considered in firm growth analysis.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
AIP Conference Proceedings
ISBN
978-0-7354-1854-7
ISSN
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e-ISSN
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Number of pages
4
Pages from-to
450015-1 - 450015-4
Publisher name
AIP Publishing
Place of publication
Rhodes
Event location
Rhodes, Greece
Event date
Sep 18, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000521108600463