Arbeitspapier
The post-entry size adjustment of new small firms
The hypothesis underlined in this paper is that apart from infant mortality there is another relevant phenomenon taking place within new-born Small Business Enterprises (SBEs) in the period immediately after entry; namely that the smaller ones among them, having entered with a marked sub-optimal scale,adjust their size towards the mean size exhibited by larger SBEs. In the paper this hypothesis is tested using a cohort of 1,570 new firms, and applying a Gibrat-like specification with sample selection. The hypothesis of a size adjustment by smaller new entrants immediately after entry is confirmed in most selected industries in Italian manufacturing; more specifically, surviving smaller new SBEs show higher rates of growth in the first year (in one case in the first two) immediately after start-up, while they converge towards the average rate of growth of the whole cohort of new SBEs in the following years.
- Sprache
-
Englisch
- Erschienen in
-
Series: LEM Working Paper Series ; No. 2002/08
- Klassifikation
-
Wirtschaft
- Thema
-
Unternehmensgründung
KMU
Betriebsgröße
Schätzung
Italien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lotti, Francesca
Santarelli, Enrico
Vivarelli, Marco
- Ereignis
-
Veröffentlichung
- (wer)
-
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
- (wo)
-
Pisa
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lotti, Francesca
- Santarelli, Enrico
- Vivarelli, Marco
- Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
Entstanden
- 2002
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