Gibrat’s Law: An Overview of the Empirical Literature

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Defending Gibrat’s Law as a long-run regularity (2007, unknown): “size distribution of firms across different industrial sectors has also been proposed by Steindl (1965) and treated through examples and simulations by Prais (1976, Chapter 2).”
Size, innovation and internationalization: a survival analysis of Italian firms (2011, background): “However, empirical testing soon became controversial, while theoretical models started developing different lines of research (cf. Santarelli et al., 2006, p. 157), the most promising of which emphasized the existence of a strong relationship between the likelihood of survival and firm size.1…”
Establishment exits in Germany: the role of size and age (2012, background): “…with an initial stock of resources (financial resources, 8 A detailed discussion of the literature dealing with Gibrat’s Law is far beyond the scope of this paper; see Sutton (1997) for a survey of the theory and Santarelli et al. (2006) for a comprehensive tabular survey of empirical studies.”
Young Innovative Companies: The New High-Growth Firms? (2013, background): “Factors like size, age and innovation of firms were already extensively investigated in this respect (Sutton, 1997; Santarelli et al., 2006; Evans, 1987a; Geroski, 2000).”