effects of dividend policy on corporate financial growth, is a major concern of most entities. whether dividends have an influence on the value of the firm, is an important question in dividend policy. this study aimed at investigating the effects of dividend policy on financial growth of media firms. the study was conducted in nairobi at the nation media group headquarters. respondents were se...

Much of the literature on industry evolution has found firm dynamics to be an important source of sector-level productivity growth. In this paper, we ask whether the delineation of entry and exit firms matters in assessing the impact of firm turnover. Using detailed firm level data from Vietnam, it emerges that efficiency differences between sector switchers and exit/entry firms exist. Distingu...

Present firm growth literatures, with notable few exceptions, tend to be static explanations and qualitative suggestions, failing to validate whether the causal ambiguity hidden inside specific growth patterns is completely and correctly explained. Without objective knowledge and information of causal ambiguity, the enhancement of firm strategy formulation process can be rather difficult. In co...

We present a stochastic, dynamic model of firm growth that captures the essential features of Coase's theory of the firm and reproduces important statistical regularities in firm size and growth. For the model to generate these statistical regularities, the parameters must be tuned so that firms involved in “unrelated” activities evolve. Thus, at the same time that the model predicts the statis...

Recently there has been a renewed interest in the study of firm size distributions and firm growth rate distributions. The stochastic firm growth approach builds on the assumption that firm growth rates are independent identically distributed and size is determined by a first order autoregressive process leaving the size distribution log-normal. This paper analyzes these distributional patterns...

Effects of dividend policy on corporate financial growth, is a major concern of most entities. Whether dividends have an influence on the value of the firm, is an important question in dividend policy. This study aimed at investigating the effects of dividend policy on financial growth of media firms. The study was conducted in Nairobi at The Nation media Group Headquarters. Respondents were se...

Formal models allow us to make verbal notions operational and confront them with data. Schumpeterian growth theory has “operationalized” Schumpeter’s notion of creative destruction -the process by which new innovations replace older technologies-, in two ways. First, it has developed models based on creative destruction that shed new light on several microeconomic aspects of the growth process:...

The purpose of this paper is to examine the determinants of Taiwan’s manufacturing firm growth, in particular, the effects of corporate financial choices and the financial structure on firm growth in different industries besides other physical factors discussed in the literature. We construct an unbalanced dynamic panel data using 280 listed and OTC manufacturing firms over the period 1991-2002...

Consider two opposing expectations about the connection of the scope of the firm to the evolution of an industry. According to George Stigler, as an industry's market grows a scale is achieved at which specialized firms can emerge; economic growth thus results in vertical disintegration, ew industries, and growing decentralization fthe economy. According to Alfred Chandler, the growth of the fi...

Problem statement: The central objective of this study is to help define a framework for researching the growth of small businesses. Approach: By way of a literature review, the study evaluates current research approaches to small business growth organized around the “key factors” framework proposed which include elements drawn from the characteristics of the entrepreneur, the firm and the busi...