A closer look at serial growth rate correlation

Alex Coad

doi:10.1007/s11151-007-9135-y

A closer look at serial growth rate correlation

Alex Coad^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

92 Citations (Scopus)

Abstract

Serial correlation in annual growth rates carries a lot of information on growth processes - it allows us directly to observe firm performance as well as to test theories. Using a seven-year balanced panel of 10,000 French manufacturing firms, we observe that small firms typically are subject to negative correlation of annual growth rates, whereas larger firms display positive correlation. Furthermore, we find that those small firms that experience extreme positive or negative growth in any one year are unlikely to repeat this performance in the following year.

Original language	English
Pages (from-to)	69-82
Number of pages	14
Journal	Review of Industrial Organization
Volume	31
Issue number	1
DOIs	https://doi.org/10.1007/s11151-007-9135-y
Publication status	Published - 2007 Aug
Externally published	Yes

Keywords

Fast-growth firms
Firm growth
French manufacturing
Quantile regression
Serial correlation

ASJC Scopus subject areas

Economics and Econometrics
Strategy and Management
Organizational Behavior and Human Resource Management
Management of Technology and Innovation

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10.1007/s11151-007-9135-y

Cite this

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A closer look at serial growth rate correlation

Abstract

Keywords

ASJC Scopus subject areas

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