Are Firm Growth Paths Random? A Reply to 'Firm Growth and the Illusion of Randomness'

7 Pages Posted: 25 Jan 2015

See all articles by Alex Coad

Alex Coad

CENTRUM Catolica Graduate Business School

Julian Frankish

Independent

Richard Roberts

University of Birmingham

David Storey

University of Sussex - School of Business, Management and Economics

Date Written: November 20, 2014

Abstract

We respond to Derbyshire and Garnsey's article "Firm Growth and the illusion of randomness", adding theoretical and methological clarifications as well as some new empirical evidence.

Keywords: Firm growth, growth paths, autocorrelation, randomness, Gambler’s Ruin, Gibrat’s Law

JEL Classification: L25

Suggested Citation

Coad, Alex and Frankish, Julian and Roberts, Richard and Storey, David, Are Firm Growth Paths Random? A Reply to 'Firm Growth and the Illusion of Randomness' (November 20, 2014). Available at SSRN: https://ssrn.com/abstract=2554499 or http://dx.doi.org/10.2139/ssrn.2554499

Alex Coad (Contact Author)

CENTRUM Catolica Graduate Business School ( email )

1801 Universitaria Avenue
San Miguel
Lima, Lima Lima32
Peru

Julian Frankish

Independent ( email )

Richard Roberts

University of Birmingham ( email )

Edgbaston, Birmingham B15 2TT
United Kingdom

David Storey

University of Sussex - School of Business, Management and Economics ( email )

Falmer, Brighton BN1 9SL
United Kingdom

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