The Validity of Gibrat’s Law: Evidence from Ecuadorian Service SMEs

Q3 Business, Management and Accounting

Latin American Business Review Pub Date : 2019-04-03 DOI:10.1080/10978526.2019.1610662

L. Simbaña-Taipe, Pablo Andrés Franco Chasi, Paola Alexandra Pacheco Pillajo, María Jesús Rodríguez‐Gulías, David Rodeiro‐Pazos

引用次数: 3

Abstract

Abstract The objective of this research is to analyze the relationship between size and growth through the validation of Gibrat's law. A sample of 17,082 Ecuadorian companies in the service sector is used for the period 2010–2015. The estimation method used is that of quantile regression for panel data; the results suggest that small companies grow faster than their larger counterparts. The results show that the growth, measured through sales and employment, of SMEs in the service sector in Ecuador is not independent of firm size and therefore does not correspond to a random process.

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直布罗陀法律的有效性:来自厄瓜多尔服务业中小企业的证据

摘要本研究的目的是通过验证直布罗陀定律来分析规模与增长之间的关系。2010-2015年期间，厄瓜多尔服务行业的样本为17082家公司。对面板数据采用分位数回归的估计方法;结果表明，小公司比大公司增长得更快。结果表明，通过销售和就业来衡量的厄瓜多尔服务业中小企业的增长并不独立于企业规模，因此不符合随机过程。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Latin American Business Review Business, Management and Accounting-Business and International Management

CiteScore

2.40

自引率

0.00%

发文量

期刊介绍： Latin American Business Review is a quarterly, refereed journal which facilitates the exchange of information and new ideas between academics, business practitioners, public policymakers, and those in the international development community. Special features of the journal will keep you current on various teaching, research, and information sources. These activities all focus on the business and economic environment of the diverse and dynamic countries of the Americas.