Times are a changin'? : the emergence of new firms and rank persistence / von Stefan Schneck ; Intitut für Mittelstandsforschung, IfM Bonn, www.ifm-bonn.org
VerfasserSchneck, Stefan In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftInstitut für Mittelstandsforschung Bonn In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn : Institut für Mittelstandsforschung, Januar 2018
Elektronische Ressource
Umfang1 Online-Ressource (47 Seiten) : Diagramme
SerieWorking paper ; 18,01
URNurn:nbn:de:hbz:5:2-150353 Persistent Identifier (URN)
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Times are a changin'? [0.77 mb]
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Young firms are known to grow at a faster rate than incumbents. With administrative firm data from Germany, we show that the higher growth rates indeed translate into upward mobility within the firm size distribution. Young firms are therefore not only able to catch up, but also to grow larger in absolute values. Recentered inuence function regression results reveal that young firms cause significant rank mobility within the stock of firms, which even holds when the local skewness of the firm size distribution is accounted for. The results clearly indicate a Schumpeterian growth process where young firms challenge established ones.