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Firm Growth: a Survey

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  • Alex Coad

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, Max Planck Institute of Economics - Max-Planck-Gesellschaft)

Abstract

We survey the phenomenon of the growth of firms drawing on literature from economics, management and sociology. We begin with a review of empirical "stylised facts" before discussing theoretical contributions. Firm growth is characterized by a predominant stochastic element, making it difficult to predict. Indeed, previous empirical research into the determinants of firm growth has had a limited success. We also observe that theoretical propositions concerning the growth of firms are often amiss. We conclude that progress in this area requires solid empirical work, perhaps making use of novel statistical techniques.

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  • Alex Coad, 2007. "Firm Growth: a Survey," Post-Print halshs-00155762, HAL.
    • Handle: RePEc:hal:journl:halshs-00155762
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00155762
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    Keywords

    Firm growth; size distribution; growth rates distribution; Gibrat's law; theory of the firm; diversification; stages of growth models; Croissance des firmes; distribution de taille; distribution des taux de croissance; loi de Gibrat; théorie de la firme; croissance par étapes;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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