TY - JOUR
T1 - Waiting for Godot? success or failure of firms’ growth in a panel of italian manufacturing firms
AU - Bartoloni, Eleonora
AU - Baussola, Maurizio Luigi
AU - Bagnato, Luca
PY - 2020
Y1 - 2020
N2 - Firms’ ability to compete in the global market crucially depends on their ability to innovate and to introduce new products or processes into the market. This typically requires more complex and structured business organization and ultimately the ability to grow. We use a representative panel of Italian manufacturing firms to investigate whether their pattern of growth entails such an ability. Although the estimates suggest that small firms grow faster than larger ones, we do not observe a significant change in the average size of companies at the end of the period under investigation. The greater propensity to grow shown by smaller firms is confined to the size class in which they are established. However, export intensity plays a significant role in affecting the size growth rate together with industry characteristics related to technological levels.
AB - Firms’ ability to compete in the global market crucially depends on their ability to innovate and to introduce new products or processes into the market. This typically requires more complex and structured business organization and ultimately the ability to grow. We use a representative panel of Italian manufacturing firms to investigate whether their pattern of growth entails such an ability. Although the estimates suggest that small firms grow faster than larger ones, we do not observe a significant change in the average size of companies at the end of the period under investigation. The greater propensity to grow shown by smaller firms is confined to the size class in which they are established. However, export intensity plays a significant role in affecting the size growth rate together with industry characteristics related to technological levels.
KW - Corporate growth
KW - Firm size distribution
KW - Gibrat’s law
KW - Corporate growth
KW - Firm size distribution
KW - Gibrat’s law
UR - https://publicatt.unicatt.it/handle/10807/161069
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=85090923789&origin=inward
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85090923789&origin=inward
U2 - 10.1016/j.strueco.2020.08.007
DO - 10.1016/j.strueco.2020.08.007
M3 - Article
SN - 0954-349X
VL - 55
SP - 259
EP - 275
JO - Structural Change and Economic Dynamics
JF - Structural Change and Economic Dynamics
IS - 2020
ER -