TY - JOUR
T1 - Firm size and optimal growth rates
AU - Segal, Uzi
AU - Spivak, Avia
PY - 1989/1
Y1 - 1989/1
N2 - This paper presents a theoretical model in which, due to dissolution costs, the rate of growth of small Firms tends to be higher and more variable than that of larger firms. This model also predicts that for large firms the rate of growth is fixed, as claimed by Gibrat's Law.
AB - This paper presents a theoretical model in which, due to dissolution costs, the rate of growth of small Firms tends to be higher and more variable than that of larger firms. This model also predicts that for large firms the rate of growth is fixed, as claimed by Gibrat's Law.
UR - http://www.scopus.com/inward/record.url?scp=38249021986&partnerID=8YFLogxK
U2 - 10.1016/0014-2921(89)90043-3
DO - 10.1016/0014-2921(89)90043-3
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AN - SCOPUS:38249021986
SN - 0014-2921
VL - 33
SP - 159
EP - 167
JO - European Economic Review
JF - European Economic Review
IS - 1
ER -