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- W4238226503 abstract "Gibrat’s Law is a proposition concerning the process of growth in size of firm. According to this law, the probability of a given proportional change in size (during a particular period) is the same for all firms in a given industry, regardless of their size at the beginning of the time period (see Gibrat 1931). Thus, a firm with sales of $1 billion is as likely to double in size during a given period as a firm with sales of $10 million. Put differently Gibrat’s Law states that$$ {X}_{ij}^{t+Delta}={U}_{ij}left(t,Delta right){X}_{ij}^t, $$where X ij t is the size of the i th , firm in the jth industry at time t, ( {X}_{ij}^{i+Delta} ) is its size at time t + Δ, and U ij (t, Δ) is a random variable distributed independently of S ij t ." @default.
- W4238226503 created "2022-05-12" @default.
- W4238226503 creator A5078763755 @default.
- W4238226503 date "2011-02-14" @default.
- W4238226503 modified "2023-10-18" @default.
- W4238226503 title "Gibrat’s Law" @default.
- W4238226503 doi "https://doi.org/10.1057/9780230226203.2639" @default.
- W4238226503 hasPublicationYear "2011" @default.
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