Common Properties and Sectoral Specificities in the Dynamics of U.S. Manufacturing Companies

By Giulio Bottazzi, A. Secchi. 2003

231 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5564501c140fc4770a588f5d716e671ddbdec302

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Citations in the corpus

Determinants and Dimensions of Firm Growth (2009, unknown): “Other studies which incorporated different countries and industries also indicate a negative effect of size on firm growth (Almus & Nerlinger, 2000; Bottazzi & Secchi, 2003; Calvo, 2006; Dunne & Hughes, 1994; Goddard, Wilson & Blandon, 2002; McPherson, 1996).”
High-growth firms and technological knowledge: do gazelles follow exploration or exploitation strategies? (2014, result): “This is in line with previous studies analysing the distribution of firm growth rates (Bottazzi et al. 2007; Bottazzi and Secchi 2003; Castaldi and Dosi 2009).”
Statistical Regularities in the Evolution of Industries. A Guide through some Evidence and Challenges for the Theory (2005, unknown): “…inevitably coarser, evidence typically on 3-digit sectors (as such already aggregates of a quite large number of lines of business) like that in Bottazzi and Secchi (2003) on US manufacturing displays (i) only a relatively short autoregressive structure (typically with one-lag only…”
Micro and macro policies in the Keynes+Schumpeter evolutionary models (2016, unknown): “Moreover, firm growth-rate distributions are “tent-shaped” with tails fatter than the Gaussian benchmark (SF12, cf. Bottazzi and Secchi 2003, 2006).”
Innovation and firm growth in high-tech sectors: A quantile regression approach (2008, background): “First of all, we know that the standard least-squares assumption of normally distributed errors does not hold for our database because growth rates follow a heavy-tailed distribution (see Stanley et al. (1996) and Bottazzi and Secchi (2003) for the growth rates distribution of Compustat firms).”
Are high-growth firms one-hit wonders? Evidence from Sweden (2015, background): “The distribution of firm growth follows the characteristic tent-shape (Figure 1), also found in previous studies (Stanley et al, 1996; Bottazzi and Secchi, 2003; Bottazzi et al, 2011).”
Agent based-stock flow consistent macroeconomics: Towards a benchmark model (2016, result): “Bottazzi and Secchi (2003) finds that the empirical densities of US firm size distributions display a remarkable degree of stationarity over time and are very well approximated by a log-normal fit, confirming the results of Stanley et al. (1995). Axtell (2001) on the contrary finds that firm size di”
Invariances and Diversities in the Patterns of Industrial Evolution: Some Evidence from Italian Manufacturing Industries (2007, methodology): “data (Bottazzi and Secchi, 2003), we found that they are well described by ‘‘tent-shape’’ (that is exponential) distributions.”
Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles (2010, background): “…parameters of exponential-power (Subbotin) distributions27 shows that pooled firm growth-rate distributions are ‘‘tent-shaped’’ with tails fatter than the Gaussian benchmark (see Table 4 and, for a comparison with the empirical evidence and some interpretation, see Bottazzi and Secchi, 2003, 2006).”
FAT-TAIL DISTRIBUTIONS AND BUSINESS-CYCLE MODELS (2013, unknown): “More precisely, following Fagiolo et al. (2008, 2009), we fit growth-rate distributions with exponential-power (EP) densities [for details see Agrò (1995); Bottazzi and Secchi (2003)].”
Do liquidity constraints matter in explaining firm size and growth? Some evidence from the Italian manufacturing industry (2006, background): “…2002); (ii) the (limit) size distribution departs from log-normality (Bottazzi, Dosi, Lippi, Pammolli, and Riccaboni, 2001); (iii) growth rate distributions are not normally distributed (Bottazzi and Secchi, 2003). tailed analysis of other determinants of firm growth (Becchetti and Trovato, 2002).”
Age and firm growth. Evidence from three European countries (2013, background): “Just to mention a few of them: Geroski and Gugler (2004), Bottazzi and Secchi (2003) and Bottazzi and Secchi (2006).”
Gibrat’s Law and diversification (2006, methodology): “Bottazzi and Secchi (2005) show that the firm size distribution concluded that it is characterized by two noticeable features.”
Firm Growth : a Survey (2007, unknown): “A series of papers analyzing UK manufacturing firms found a value of β greater than unity, which would indicate a tendency for larger firms to have higher percentage growth rates (Hart (1962), Samuels (1965), Prais (1974), Singh and Whittington (1975)).”