The Firm Size Distribution and Inter-Industry Diversification

The Firm Size Distribution and Inter-Industry Diversification We show that the stylized facts of the Firm Size Distribution (FSD) by age cohorts, as shown in Cabral and Mata (2003), bind within 4-digit manufacturing industries in the UK and Belgium. This paper investigates whether the time to build a portfolio of products from inter-industry diversification is a mechanism that helps explain the stylized facts of the FSD by age cohorts. We find that the degree of inter-industry diversification has a separate impact on firm size when controlling for age, amongst other factors. Using the techniques of Cabral and Mata, we find that inter-industry diversification does shift the FSD to the right, and more so in older age groups. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

The Firm Size Distribution and Inter-Industry Diversification

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Publisher
Springer US
Copyright
Copyright © 2010 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-010-9260-x
Publisher site
See Article on Publisher Site

References

  • Multiple-product firms and product switching
    Bernard, A. B.; Redding, S. J.; Schott, P. K.
  • On the evolution of the firm size distribution: Facts and theory
    Cabral, L.; Mata, J.

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