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  • 标题:The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market
  • 本地全文:下载
  • 作者:Murat ATAN ; Emre Güneþer BOZDAÐ
  • 期刊名称:Ekonomik Yaklasim
  • 印刷版ISSN:1300-1868
  • 出版年度:2011
  • 卷号:22
  • 期号:80
  • 页码:19-38
  • DOI:10.5455/ey.20022
  • 语种:Turkish
  • 出版社:International Medical Journal Management and Indexing System
  • 摘要:The aim of the study is whether Gibrat's Law is true if applied on the carbonate soft drink markets in Eastern and Western Europe. The Gibrat's Law means that the size increasing rate is not depend on the size of fýrms but randomly. It is tried to estimate the esence of the relationships between the initial size growth and growth rate of the firms, by using static mathod GMM and dynamic Arellano Bond panel. In static GMM it is not found a meaningful relations for Western European carbonate soft drinks firms but for Eastern European firms is. Even if, in Eastern Europe, there is a relation between size and size growth rate, which is different from Gibrat's Law. Small size firms are more dynamic for growing than the large size firms, not randomly. In dynamic Arellano Bond model it is not meaningful to test the Gibrat's Law. In the study the firm 's size concept is limited with the sum of the sales valued in US Dollar for each of the firms.
  • 关键词:Gibrat's Law; Firm Size; Concentration; GMM; Arellano Bond Dynamic Panel. JEL Classification: C23; D20; D40; L11; L66.
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