Scale-free distribution of firm-size distribution in emerging economies

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.

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

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Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50206 Finance

Country of publisher

Netherlands

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

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

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Abstract

V originále

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.