Re-examination of the size distribution of firms
نویسندگان
چکیده
In this paper we address the question of the size distribution of firms. To this aim, we use the Bloomberg database comprising multinational firms within the years 1995-2003, and analyze the data of the sales and the total assets of the separate financial statement of the Japanese and the US companies, and make a comparison of the size distributions between the Japanese companies and the US companies. We find that (i) the size distribution of the US firms is approximately log-normal, in agreement with Gibrat’s observation [1], and in contrast (ii) the size distribution of the Japanese firms is clearly not log-normal, and the upper tail of the size distribution follows the Pareto law. It agree with the predictions of the Simon model [6].
منابع مشابه
Manufacturing Firm Size Distribution in Iran Evidence from Food & Beverages and Non-Metallic Mineral Products
Empirical studies have shown that the size distribution of firms can be described as a lognormal or Pareto distribution. However, these studies have focused on developed countries and little attention has been devoted to developing countries. Using the variable of number of employees as a measure of firm size, this paper investigates the shape of firm size distribution in the food & beverages i...
متن کاملImpact of Basel II Capital Accord on Small and Medium Size Enterprises (SME): An Empirical Study on a Group of Export Oriented SMEs
The purpose of this study is to find the relationship between lending to Small and Medium-size Exporter Enterprises (E-SMEs) and the use of Basel II Capital Accord for the first time in the banking system of Iran. Results showed that 96.69 percent of small firms were in the very low risk category of credit portfolio. This proof explains a consistent and balanced relationship between risk- weigh...
متن کاملExpansion of Location Theories of Firms and Products’ Consistency Using Triangular Distribution Approach
Abstract O ne of the main criticisms of location models is simplistic assumptions concerning the consumers’ distribution on the street or city. The location models usually make use of uniform distribution of consumers while it is not true in reality, and mostly the consumers’ accumulation is more in the city centers rather than suburb areas. This study deals with selectio...
متن کاملComparing the effectiveness of strengthening working memory and critical thinking training on emotion regulation strategies of children with special learning disorder
Abstract Objective: To compare the effectiveness of memory work and critical thinking training of children's movement regulation with special methods. Method: The current research was a semi-experimental research with a pre-test, post-test and control group design. The statistical population included all students aged 9 to 12 who referred to the center for special problems in Tabriz distri...
متن کاملPresenting a Model for Social Responsibility of Audit Firms Using Grounded Theory Method
This study was aimed to present a model for social responsibility of audit firms using the grounded theory method. To this end, the components and dimensions of social responsibility model of audit firms were identified and explained. The research method was applied in terms of purpose, mixed (qualitative-quantitative)exploratoryin termsof datatype, anddescriptive-correlationalinterms of data c...
متن کامل