scholarly journals Gibrat’s law and Jovanovic’s learning theory

2018 ◽  
Vol 69 (3) ◽  
pp. 251-268
Author(s):  
Besnik A. Krasniqi ◽  
Saranda Lajqi
Keyword(s):  
Empirical Evidence ◽  
Learning Theory ◽  
Small Firms ◽  
Policy Implications ◽  
Gibrat’S Law ◽  
Post Conflict ◽  
Gibrat's Law ◽  
Age Model ◽  
Relationship Of ◽  
The Relationship

This article tests the validity of Gibrat’s Law and Jovanovic’s learning theory for growing small and medium-sized firms (SMEs) in post-conflict economy of Kosovo. Despite evolving body of evidence suggesting that Gibrat’s Law does not hold, there is a lack of empirical evidence from transitional and post-conflict economies. This study provides econometric analysis of the relationship of age, size and growth of SMEs. The article is based on pooled SME surveys conducted by Riinvest Institute (2004- 2006). Econometric findings show that Gibrat’s Law does not hold in all model specifications while support the conventional Jovanovic’s learning theory based on growth-size age model suggesting important policy implications for promotion of small firms in Kosovo.

scholarly journals The Relationship Between Firm Size and Firm Growth: The Case of the Czech Republic

2015 ◽  
Vol 63 (5) ◽  
pp. 1639-1644 ◽  
Author(s):  
Roman Fiala ◽  
Veronika Hedija
Keyword(s):  
Czech Republic ◽  
Firm Size ◽  
Small Firms ◽  
Firm Growth ◽  
Autoregressive Process ◽  
The Czech Republic ◽  
Gibrat’S Law ◽  
First Order ◽  
Gibrat's Law ◽  
The Relationship

This paper deals with the investigation of the relationship between firm size and firm in the Czech Republic during 2007–2012. The study aims to examine to what extent the confirmation or rejection of Gibrat’s law depends on the indicator of firm size. For measuring firm size we use three indicators: revenues, number of employees and total assets. The study uses data collected from the database Albertina CZ Gold Edition. Final dataset includes the data about more than 35,000 firms. The validity of Gibrat’s law was tested with the help of linear regression model with first-order autoregressive process. Gibrat’s law is rejected for all three indicators of firm size. Hence, the selected indicator of firm size is not proved to be important factor in verification of Gibrat’s law validity. It is also found out that the small firms in profit industries (A-N according to CZ-NACE classification) grow faster than their larger counterparts in the Czech Republic.

The Implications of Selective Sovereignty for Refugee Rights

2021 ◽  
pp. 185-198
Author(s):  
Lamis Elmy Abdelaaty
Keyword(s):  
Foreign Policy ◽  
Empirical Evidence ◽  
Ethnic Politics ◽  
International Community ◽  
Policy Implications ◽  
Post Conflict ◽  
The World ◽  
The Relationship ◽  
International Refugee Regime

This concluding chapter uses the empirical evidence presented in previous chapters to reflect on the influence of foreign policy and ethnic politics on countries’ approaches to refugees. It considers the implications of these findings for a reconceptualization of the relationship between sovereignty and rights. The chapter also addresses the consequences of selective sovereignty for the international refugee regime. In so doing, it suggests some policy implications, such as attempting to identify when and where the international community can fruitfully exert pressure on states to welcome refugees. Selective sovereignty shapes the experiences of growing numbers of refugees around the world and, as a result, has consequences for long-term processes related to conflict, peacebuilding, and post-conflict reconstruction. Recent events underscore the importance of understanding why states sometimes assert their sovereignty and at other times uphold refugee rights.

Aspiration, foreignness liability and market potential

2018 ◽  
Vol 35 (6) ◽  
pp. 1009-1032
Author(s):  
Lee Li ◽  
Gongming Qian ◽  
Zhengming Qian ◽  
Irene R.R. Lu
Keyword(s):  
Performance Feedback ◽  
Small Firms ◽  
Theory Of The Firm ◽  
Market Potential ◽  
Content Type ◽  
Country Market ◽  
International Behavior ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

PurposeUsing behavioral theory of the firm, the purpose of this paper is to examine how a small firm’s performance relative to historical and social aspirations is related to its international entrepreneurial orientation (IEO). This study also explores two environmental factors, liability of foreignness (LoF) and host-country market potential (HMP), as the moderators for the relationship of performance and IEO.Design/methodology/approachThis study uses survey for data collection from Canadian small firms and employs regression models for data analysis.FindingsThe results show that small firms demonstrate stronger IEO when their performance is below aspirations, but their IEO diminishes when their performance exceeds aspirations. The authors also found that a small firm’s LoF does not moderate the impact of its performance feedback on IEO. However, the authors found HMP plays a moderating role when a small firm’s performance is below aspirations.Originality/valueThis study investigates the relationship of IEO to aspiration and found that this relationship is moderated by HMP. The study advances our knowledge on small firms’ international behavior.

Growth and Firm Size Distribution

2016 ◽  
Vol 14 (2) ◽  
pp. 61-73
Author(s):  
Wei Zhang ◽  
Yan-Chun Zhu ◽  
Jian-Bo Wen ◽  
Yi-Jie Zhuang
Keyword(s):  
Size Distribution ◽  
Firm Size ◽  
Zipf’S Law ◽  
Growth Path ◽  
Firm Size Distribution ◽  
Zipf's Law ◽  
Gibrat’S Law ◽  
Gibrat's Law ◽  
Quantile Regression Method ◽  
The Relationship

Studies on the firm's size distribution (FSD) can set a good foundation to know about the growth path and mechanism of e-commerce firms. The purpose of this paper is to understand features of the China's listed e-commerce firms by testing Gibrat's law and Zipf's law within the Internet sectors. From a macroscopic perspective, with the approach of OLS estimation, Zipf's coefficient of the FSD is calculated to test whether Zipf's law holds. From a microscopic perspective, the relationship between e-commerce firm size and growth is explored by quantile regression method. The results indicate that from 2005 to 2014, Zipf's law cannot be rejected, with the relationship changing over time, Gibrat's law holds partly. It implies that competition status among China's e-commerce firms becomes more stable.

scholarly journals How Should We Think about the Winners and Losers from Globalization? A Reply to Nicolas Lamp

2019 ◽  
Vol 30 (4) ◽  
pp. 1399-1408 ◽  
Author(s):  
Bernard Hoekman ◽  
Douglas Nelson
Keyword(s):  
Narrative Analysis ◽  
Trade Agreements ◽  
Policy Implications ◽  
Policy Reforms ◽  
The Core ◽  
Analytical Foundation ◽  
Relationship Of ◽  
The Relationship ◽  
Core Issues ◽  
Do So

Abstract How should we think about the winners and losers from globalization? What role can narrative analysis play in doing so? We argue that to be useful, identifying politically relevant narratives on the distributional effects of globalization, and the role played by trade agreements in fostering such effects, must have an empirical basis. Characterizing different narratives and inferring from each the implications for the (re-)design of international agreements without analysis whether the suggested policy reforms will help losers from globalization does not advance matters. Effectively employed, narrative analysis can extend our knowledge of the politics of trade and policy towards globalization more generally. To do so, it must have an analytical foundation, centre on the relationship of the narrative to the facts, ask which narrative is more persuasive based on empirical evidence and assess whether inferred policy implications will address the core issues of concern to those who employ the narrative.

Does Gibrat's Law hold among young, small firms?

2003 ◽  
Vol 13 (3) ◽  
pp. 213-235 ◽  
Author(s):  
Francesca Lotti ◽  
Enrico Santarelli ◽  
Marco Vivarelli
Keyword(s):  
Small Firms ◽  
Gibrat’S Law ◽  
Gibrat's Law

scholarly journals Quality-differentiated Auditors, Block-holders and Monitoring Mechanisms

2017 ◽  
Vol 1 (1) ◽  
pp. 64-79
Author(s):  
Rachael Oluyemisi Arowolo ◽  
Ayoib Che Ahmad
Keyword(s):  
Mediating Effect ◽  
Policy Implications ◽  
Sub Saharan Africa ◽  
External Auditors ◽  
Type Selection ◽  
The Board Of Directors ◽  
Sub Saharan ◽  
Block Holders ◽  
Relationship Of ◽  
The Relationship

Many companies are closing down after the global economic melt-down of 2008 that involved ERON. The biggest problem for such business failures as identified by practitioners and academicians is information asymmetry existing in the relationship of the managements with the shareholders. This study seeks to investigate how monitoring mechanisms influence the block-holders in 111 Nigerian non-financial listed companies to resolve this problem. The study also investigates the mediating effect of the quality-differentiated auditors on the relationship between block-holders and monitoring mechanisms. The investigation adopted quantitative analysis using Stata to test related hypotheses. The findings indicate that the block-holders significantly influence monitoring mechanisms. The results also reveal that quality-differentiated auditors positively affect monitoring mechanisms and that it significantly explains the relationship between block-holders and monitoring mechanisms. Thus, this paper adds to knowledge on the subject of monitoring mechanisms and its scopes (directorship, internal and external auditing). These findings have policy implications for the board of directors to execute their monitoring responsibilities and guide them in external audit type selection. The findings also provide policy suggestions for both the internal and external auditors. The results can also be beneficial for the regulatory agencies and government to further review the guidelines for corporate governance. The paper adds to knowledge in Sub-Saharan Africa, especially, Nigeria by examining a mediating effect to expose the relationship between block-holders and monitoring mechanisms, which are not clear or exist in the previous studies.

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