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- W3022831716 endingPage "109818" @default.
- W3022831716 startingPage "109818" @default.
- W3022831716 abstract "This study explains the emergence and changes of collective phenomena observed in firm size distribution, in particular scale-invariant power law behavior, by applying the notion of corporate bankruptcy. We present a model which predicts that corporate failure rate is positively related to the scaling exponent, and the extent of information disparity is negatively associated to the scaling exponent. We test our model prediction with the US corporate bankruptcy data, and find that the outcomes of large-firm shocks could have a stronger impact when the information environment is worse." @default.
- W3022831716 created "2020-05-13" @default.
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- W3022831716 date "2020-07-01" @default.
- W3022831716 modified "2023-09-27" @default.
- W3022831716 title "The origin of collective phenomena in firm sizes" @default.
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- W3022831716 doi "https://doi.org/10.1016/j.chaos.2020.109818" @default.
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