Testing Gibrat's law for small and medium-sized manufacturing firms: empirical evidence for the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Testing Gibrat's law for small and medium-sized manufacturing firms: empirical evidence for the Czech Republic

Popis výsledku v původním jazyce

The paper focuses on the investigation of the relationship between firm size and firm growth for the small and medium-sized manufacturing enterprises (SMEs) from the Czech Republic during 2007-2012. The study has two aims. Firstly to investigate the validity of Gibrat's law over the entire period 2007 to 2012 and secondly to examine if there is any convergence toward the Gibrat's law through time. The validity of Gibrat's law was tested with the help of linear regression model with first-order autoregressive process. Over the entire period 2007-2012, it was found statistically significant positive relationship between firm size and firm growth, so Gibrat?s law was rejected. However there is a convergence (with the exception of the period 2010-2011) toward the validity of Gibrat's law through time. While for the period 2007-2008 there is statistically significant relationship between firm size and firm growth and Gibrat?s law is rejected, if was found no statistically significant relat

Název v anglickém jazyce

Testing Gibrat's law for small and medium-sized manufacturing firms: empirical evidence for the Czech Republic

Popis výsledku anglicky

The paper focuses on the investigation of the relationship between firm size and firm growth for the small and medium-sized manufacturing enterprises (SMEs) from the Czech Republic during 2007-2012. The study has two aims. Firstly to investigate the validity of Gibrat's law over the entire period 2007 to 2012 and secondly to examine if there is any convergence toward the Gibrat's law through time. The validity of Gibrat's law was tested with the help of linear regression model with first-order autoregressive process. Over the entire period 2007-2012, it was found statistically significant positive relationship between firm size and firm growth, so Gibrat?s law was rejected. However there is a convergence (with the exception of the period 2010-2011) toward the validity of Gibrat's law through time. While for the period 2007-2008 there is statistically significant relationship between firm size and firm growth and Gibrat?s law is rejected, if was found no statistically significant relat

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50501 - Law

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

33nd International Conference Mathematical Methods in Economics 2015

ISBN

978-80-261-0539-8

ISSN

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e-ISSN

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Počet stran výsledku

5

Strana od-do

172-176

Název nakladatele

University of West Bohemia

Místo vydání

Plzeň

Místo konání akce

Plzeň

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

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