Firm Dynamics: The Size and Growth Distribution of Firms

Sammanfattning

This thesis is about firm dynamics, and relates to the size and growth-rate distribution of firms. As such, it consists of an introductory and four separate chapters. The first chapter concerns the size distribution of firms, the two subsequent chapters deal more specifically with high-growth firms (HGFs), and the last chapter covers a related topic in distributional estimation theory. The first three chapters are empirically oriented, whereas the fourth chapter develops a statistical concept.
Data in the empirical section of the thesis come from two sources. First, PAR, a Swedish consulting firm that gathers information from the Swedish Patent and registration office on all Swedish limited liability firms. Second, the IFDB-database, which comes from the Swedish Agency for Growth Policy Analysis and comprises a selection of longitudinal register data from Statistics Sweden and contains business-related information on firms and establishments operating in Sweden, irrespective of their legal status.

Liknande innehåll

Do gender norms travel within corporations? The impact of foreign subsidiaries on the home country’s gender wage gap

Artikel (med peer review)Publikation

Halvarsson, D., Lark, O., Tingvall, P. G., Vahter, P., & Videnord, J.

Publiceringsår

2023

Publicerat i

Applied Economics Letters, 1-5.

Sammanfattning

In this note we study how the share of workers in a corporation located in a high gender wage gap country impacts the wage gap in their home country operations. Our findings support the hypothesis that firms with strong intra-firm linkages to a high gender wage gap country also display a relatively large gender wage gap at home.

Ratio Working Paper No 363: City Size, Employer Concentration, and Wage Income Inequality

Working paperPublikation

Korpi, M., & Halvarsson, D.

Ladda ner

Publiceringsår

2023

Publicerat i

Rati Working Paper Series.

Sammanfattning

In this paper, we build upon a monopsony framework, suggested by Card et. al. 2016, which links firm level productivity and rent-sharing to wage inequality. Specifically, our research questions address i) to which extent labor market concentration across firms (within different types of locally situated industries) affects variation in wages among workers within these firms and industries, and ii) how this variation in turn spills over into economy-wide inequality (measured at the level of local labor markets). Using linked employer-employee full population data for Sweden, and an AKM modelling framework to separate between worker- and firm-level heterogeneity, our results suggest that higher firm-level fixed effects (a measure of rent-sharing) is associated with lower labor market employer concentration, something which affects average wage income among firms accordingly. Addressing wage income inequality by applying our model to different segments of the local labor market income distribution, we find that reduced average employer concentration in larger cities accounts for almost all variation in the (positive) link between city size-and wage inequality, except for the largest metropolises where it captures around 30-50 percent of variation depending on the income segment that we focus on.

Amundsen versus Scott: are growth paths related to firm performance?

Artikel (med peer review)Publikation

Coad, A., Daunfeldt, SO. & Halvarsson, D.

Publiceringsår

2022

Publicerat i

Small Business Economics 59, 593–610 (2022).

Sammanfattning

In the race to the South Pole, Roald Amundsen’s expedition covered an equal distance each day, irrespective of weather conditions, while Scott’s pace was erratic. Amundsen won the race and returned without loss of life, while Scott and his men died. In the context of firm growth, the Amundsen hypothesis suggests that smoother growth paths are associated with better performance in subsequent periods. We develop a new method to investigate how firms’ sales growth deviates from their long-run average growth path. Our baseline results suggest that growth path volatility is associated with higher growth of sales and profits, but also with higher exit rates. However, this result is driven by firms with negative growth rates. For positive-growth firms, volatility is negatively associated with both sales growth and survival, providing nuanced support for the Amundsen hypothesis.

The article can be accessed here.

Visa fler

Firmdynamicsthesizeandgrowth

Sammanfattning

Liknande innehåll