Size, Age and the Growth of Firms: New Evidence from Quantile Regressions

15 Pages Posted: 22 Jul 2014

See all articles by Roberta Distante

Roberta Distante

Fondazione Eni Enrico Mattei (FEEM)

Ivan Petrella

University of Warwick; Centre for Economic Policy Research (CEPR)

Emiliano Santoro

Catholic University of the Sacred Heart of Milan - Department of Economics

Date Written: July 21, 2014

Abstract

The nexus between firm growth, size and age in U.S. manufacturing is examined through the lens of quantile regression models. A number of interesting features are unveiled that linear frameworks could not detect. Size pushes both low and high performing firms towards the median rate of growth, while age is never advantageous, and more so as firms grow faster.

Keywords: Firm Growth, Size, Age, Conditional Quantile

JEL Classification: C14, L1

Suggested Citation

Distante, Roberta and Petrella, Ivan and Santoro, Emiliano, Size, Age and the Growth of Firms: New Evidence from Quantile Regressions (July 21, 2014). FEEM Working Paper No. 69.2014. Available at SSRN: https://ssrn.com/abstract=2469095 or http://dx.doi.org/10.2139/ssrn.2469095

Roberta Distante (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Ivan Petrella

University of Warwick ( email )

Gibbet Hill Rd.
Coventry, West Midlands CV4 8UW
United Kingdom

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Emiliano Santoro

Catholic University of the Sacred Heart of Milan - Department of Economics ( email )

20123 Milano
Italy

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