On the growth of Iberian firms: An empirical analysis
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10316/88873 https://doi.org/10.1016/j.physa.2019.121797 |
Resumo: | The growth dynamics of firms have been object of numerous studies by econophysicists. The vast majority of these studies was done for large developed countries including the United States of America (US), France and Italy. These studies were conducted for countries with strong economies and whose business fabric has different characteristics from countries such as Portugal or Spain, with more large-sized firms and less micro-sized firms. It is thus important to study the growth dynamics of firms in Portugal and Spain, countries with economies that typically display anemic growth indexes and have a larger percentage of micro-sized firms. Considering two large samples of Portuguese and Spanish firms, we find that the size distribution of firms is well fitted by the generalized Pareto distribution. Moreover, the distribution of Iberian firms annual growth rates is best approximated by the Cauchy distribution rather than the Laplace distribution. Firms growth standard deviation conditional on size is well approximated by power-law relationships with a scaling exponent close to 1/2 for micro/small-sized firms and close to 0 for medium/large-sized firms. |
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On the growth of Iberian firms: An empirical analysisIberian firmsFirm growthPower-law distributionsEconophysicsThe growth dynamics of firms have been object of numerous studies by econophysicists. The vast majority of these studies was done for large developed countries including the United States of America (US), France and Italy. These studies were conducted for countries with strong economies and whose business fabric has different characteristics from countries such as Portugal or Spain, with more large-sized firms and less micro-sized firms. It is thus important to study the growth dynamics of firms in Portugal and Spain, countries with economies that typically display anemic growth indexes and have a larger percentage of micro-sized firms. Considering two large samples of Portuguese and Spanish firms, we find that the size distribution of firms is well fitted by the generalized Pareto distribution. Moreover, the distribution of Iberian firms annual growth rates is best approximated by the Cauchy distribution rather than the Laplace distribution. Firms growth standard deviation conditional on size is well approximated by power-law relationships with a scaling exponent close to 1/2 for micro/small-sized firms and close to 0 for medium/large-sized firms.Elsevier2019info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/88873http://hdl.handle.net/10316/88873https://doi.org/10.1016/j.physa.2019.121797eng03784371https://www.sciencedirect.com/science/article/pii/S0378437119310556Pascoal, R.Dinis, Augusto M.Rocha, H.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-05-25T04:11:38Zoai:estudogeral.uc.pt:10316/88873Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:09:19.664262Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
On the growth of Iberian firms: An empirical analysis |
title |
On the growth of Iberian firms: An empirical analysis |
spellingShingle |
On the growth of Iberian firms: An empirical analysis Pascoal, R. Iberian firms Firm growth Power-law distributions Econophysics |
title_short |
On the growth of Iberian firms: An empirical analysis |
title_full |
On the growth of Iberian firms: An empirical analysis |
title_fullStr |
On the growth of Iberian firms: An empirical analysis |
title_full_unstemmed |
On the growth of Iberian firms: An empirical analysis |
title_sort |
On the growth of Iberian firms: An empirical analysis |
author |
Pascoal, R. |
author_facet |
Pascoal, R. Dinis, Augusto M. Rocha, H. |
author_role |
author |
author2 |
Dinis, Augusto M. Rocha, H. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Pascoal, R. Dinis, Augusto M. Rocha, H. |
dc.subject.por.fl_str_mv |
Iberian firms Firm growth Power-law distributions Econophysics |
topic |
Iberian firms Firm growth Power-law distributions Econophysics |
description |
The growth dynamics of firms have been object of numerous studies by econophysicists. The vast majority of these studies was done for large developed countries including the United States of America (US), France and Italy. These studies were conducted for countries with strong economies and whose business fabric has different characteristics from countries such as Portugal or Spain, with more large-sized firms and less micro-sized firms. It is thus important to study the growth dynamics of firms in Portugal and Spain, countries with economies that typically display anemic growth indexes and have a larger percentage of micro-sized firms. Considering two large samples of Portuguese and Spanish firms, we find that the size distribution of firms is well fitted by the generalized Pareto distribution. Moreover, the distribution of Iberian firms annual growth rates is best approximated by the Cauchy distribution rather than the Laplace distribution. Firms growth standard deviation conditional on size is well approximated by power-law relationships with a scaling exponent close to 1/2 for micro/small-sized firms and close to 0 for medium/large-sized firms. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10316/88873 http://hdl.handle.net/10316/88873 https://doi.org/10.1016/j.physa.2019.121797 |
url |
http://hdl.handle.net/10316/88873 https://doi.org/10.1016/j.physa.2019.121797 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
03784371 https://www.sciencedirect.com/science/article/pii/S0378437119310556 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799133987414736896 |