LYÓCSA, Štefan and Tomáš VÝROST. Scale-free distribution of firm-size distribution in emerging economies. Physica A: Statistical Mechanics and its Applications. Elsevier, 2018, vol. 508, October, p. 501-505. ISSN 0378-4371. Available from: https://dx.doi.org/10.1016/j.physa.2018.05.088.
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Basic information
Original name Scale-free distribution of firm-size distribution in emerging economies
Authors LYÓCSA, Štefan (703 Slovakia, guarantor, belonging to the institution) and Tomáš VÝROST (703 Slovakia, belonging to the institution).
Edition Physica A: Statistical Mechanics and its Applications, Elsevier, 2018, 0378-4371.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50206 Finance
Country of publisher Netherlands
Confidentiality degree is not subject to a state or trade secret
WWW URL
Impact factor Impact factor: 2.500
RIV identification code RIV/00216224:14560/18:00103618
Organization unit Faculty of Economics and Administration
Doi http://dx.doi.org/10.1016/j.physa.2018.05.088
UT WoS 000440122200045
Keywords in English Firm size; Power-law; Central and Eastern Europe; Market structure; NACE
Tags International impact, Reviewed
Changed by Changed by: Mgr. Pavlína Kurková, učo 368752. Changed: 24/11/2023 14:59.
Abstract
We test firm-size distributions in 10 emerging economies in Europe, using data on total assets of 1 884 006 firms. On the economy level, power-law firm size distribution is plausible for 8 countries with scaling parameter . At the industry level, power-law firm size distribution is not rejected for 53% of all cases. However, an alternative log-normal distribution that might follow from Gibrat’s law also appears to be likely as at the economy level it was not ruled out for 9 countries and 74% of industry-level cases.
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