Size, age and firm growth in an infant industry: The computer hardware industry in India

Das, Sanghamitra

doi:10.1016/0167-7187(94)00453-9

Cited by 145 publications

(99 citation statements)

References 13 publications

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“…If LPE holds firms growth rate should be uncorrelated with factors such as size and age. However, many studies find a negative correlation between firms growth and size (Mansfield, 1962, Evans, 1987, Kumar, 1985, Dunne and Hughes, 1994, McPherson, 1996, Das, 1995, and between firms growth and age (Evans, 1987, Dunne andHughes, 1994). Models of learning provide an explanation for the negative correlation between firm growth, and age and size (Lucas, 1978, Jovanovic, 1982, Pakes and Ericson, 1990.…”

Section: Introductionmentioning

confidence: 99%

The effect of institutional development on the growth of Brazilian firms

Carvalho¹

2008

Rev. Bras. Econ.

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Este artigo foca nos determinantes da taxa de crescimento das firmas no Brasil. Em particular, investigamos as características individuais das empresas que determinam o seu crescimento, como o desenvolvimento institucional afeta a performance da firma e como o desenvolvimento institucional afeta de maneira diversa pequenas e grandes empresas. Nossos resultados, consistentemente com os modelos de crescimento, indicam que taxas de crescimento decrescem com a idade e tamanho da empresa. Conforme o esperado, empresas que pertencem a um grupo econômico, exportam ou mantêm operações no exterior crescem mais rapidamente. Crescimento é negativamente correlacionado com lucratividade. Observamos também que fraco desenvolvimento institucional, mensurado em termos de corrupção e ineficiência do sistema judiciário e baixo desenvolvimento financeiro, tem impacto negativo sobre o crescimento das empresas. O impacto negativo da corrupção e ineficiência do sistema judiciário é mais acentuado em firmas menores. As grandes empresas são as que mais se beneficiam do desenvolvimento financeiro. No geral, nossos resultados indicam que o desenvolvimento institucional pode ser um mecanismo importante para a promoção do crescimento. Além do mais, o baixo desenvolvimento institucional tem o efeito perverso de promover a concentração. This article focuses on the determinants of firm's growth in Brazil. In particular it investigates the individual characteristics of firm that determine its

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Section: Introductionmentioning

confidence: 99%

The effect of institutional development on the growth of Brazilian firms

Carvalho¹

2008

Rev. Bras. Econ.

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“…Overall, empirical evidence shows that the relationship between small business growth and firm size is still inconclusive. A line of studies conclude that SMEs growth is independent of size as per Gibrat's Law or 'Law of Proportionate Effect' (Gilbrat, 1931), suggesting that it is a random phenomenon (Das, 1995;Diaz-Hermelo and Vassolo, 2008;Lotti et al, 1999;Piergiovanni et al, 2002) while others argue the converse (Almus and Nerlinger, 2000; Audretsch et al, 2004;Calvo, 2006;Cefis et al, 2007;Farinas and Moreno, 2000;Hart, 2000;Yasuda, 2005).…”

Section: Age and Size Of Companymentioning

confidence: 99%

Towards a new framework for SMEs success: a literature review

Lampadarios

Kyriakidou

Smith

2017

IJBG

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“…Exceptions are provided by Das (1995) who studied firm growth in the computer hardware industry in India, and Elston (2002). Both studies found a positive effect of firm age on firm growth.…”

Section: Model and Testable Hypothesesmentioning

confidence: 99%

Firm Growth and Liquidity Constraints: A Dynamic Analysis

2006

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Using a large unbalanced panel data set of Portuguese manufacturing firms surviving over the period from 1990 to 2001, the purpose of this paper is to examine whether liquidity constraints faced by business firms affect firm growth. We use a GMM-system to estimate a dynamic panel data model of firm growth tha t incorporates cash flow as a measure of liquidity constraints and persistence of growth. The model is estimated for all size classes, including micro firms. Our findings suggest that smaller and younger firms have higher growth-cash flow sensitivities tha n larger and more mature firms. This is consistent with the suggestion that financial constraints on firm growth may be relatively more severe for small and young firms. Finally, firms that were small and young and strongly liquidity-constrained at the beginning of the sample period exhibited more persistent growth than those that were large and old and weakly liquidity-constrained. These results have significant policy implications.

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Size, age and firm growth in an infant industry: The computer hardware industry in India

Cited by 145 publications

References 13 publications

The effect of institutional development on the growth of Brazilian firms

The effect of institutional development on the growth of Brazilian firms

Towards a new framework for SMEs success: a literature review

Firm Growth and Liquidity Constraints: A Dynamic Analysis

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