Firm growth : Adjustment and fluctuations
Peisa, Paavo (09.11.1988)
Numero
26/1988Julkaisija
Bank of FinlandSuomen Pankki
1988
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201807301748Tiivistelmä
Firm growth is analysed using panel data for a sample of Finnish firms over the period 1978 - 1985. The paper focuses on the relationship between firm characteristics and growth, paying attention to both latent and measured characteristics. Estimation results indicate that small firms grew significantly faster than large firms during the sample period. Small businesses expanded during the first years of the sample period, whereas later on there were no differences in performance between different size groups.