Testing the validity of Gibrat's law in the context of profitability performance
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F19%3AN0100274" target="_blank" >RIV/71226401:_____/19:N0100274 - isvavai.cz</a>
Výsledek na webu
<a href="https://www.tandfonline.com/doi/pdf/10.1080/1331677X.2019.1655656?needAccess=true&" target="_blank" >https://www.tandfonline.com/doi/pdf/10.1080/1331677X.2019.1655656?needAccess=true&</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/1331677X.2019.1655656" target="_blank" >10.1080/1331677X.2019.1655656</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Testing the validity of Gibrat's law in the context of profitability performance
Popis výsledku v původním jazyce
The purpose of the article is to investigate whether the profitability of firms affects the validity of Gibrat's law. We begin with the thesis that small firms have less access to outside financial sources (especially bank loans) than large companies, so the role of profit in generating growth varies depending on firm size and is probably more important for smaller companies. We divided a large sample of companies (about 30,000 firms) into three profitability groups (lower 25%, middle 50%, and upper 25% of firms) to examine whether the size-growth relationship is influenced by profitability. Gibrat's law was verified both at the aggregate level and at the industry level (using one-digit NACE classification). The results show that the validity of Gibrat's law is not significantly influenced by the amount of firm profit at the aggregate level or at the industry level. In most sectors and profitability groups, smaller firms grow faster than their larger counterparts do.
Název v anglickém jazyce
Testing the validity of Gibrat's law in the context of profitability performance
Popis výsledku anglicky
The purpose of the article is to investigate whether the profitability of firms affects the validity of Gibrat's law. We begin with the thesis that small firms have less access to outside financial sources (especially bank loans) than large companies, so the role of profit in generating growth varies depending on firm size and is probably more important for smaller companies. We divided a large sample of companies (about 30,000 firms) into three profitability groups (lower 25%, middle 50%, and upper 25% of firms) to examine whether the size-growth relationship is influenced by profitability. Gibrat's law was verified both at the aggregate level and at the industry level (using one-digit NACE classification). The results show that the validity of Gibrat's law is not significantly influenced by the amount of firm profit at the aggregate level or at the industry level. In most sectors and profitability groups, smaller firms grow faster than their larger counterparts do.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2019
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Economic Research-Ekonomska Istrazivanja
ISSN
1331-677X
e-ISSN
1848-9664
Svazek periodika
32
Číslo periodika v rámci svazku
1
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
14
Strana od-do
2850-2863
Kód UT WoS článku
000483821100001
EID výsledku v databázi Scopus
2-s2.0-85071669049