How to Construct Nationally Representative Firm Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration

Tinbergen Institute Discussion Paper 15-110/IV

32 Pages Posted: 15 Sep 2015 Last revised: 8 Feb 2022

See all articles by Sebnem Kalemli-Ozcan

Sebnem Kalemli-Ozcan

University of Maryland - Department of Economics; National Bureau of Economic Research (NBER); Koc University, Graduate School of Business

Bent E. Sørensen

University of Houston - Department of Economics; Centre for Economic Policy Research (CEPR)

Carolina Villegas-Sanchez

ESADE Business School

Vadym Volosovych

Erasmus University Rotterdam (EUR)

Sevcan Yesiltas

Koc University

Multiple version iconThere are 3 versions of this paper

Date Written: December 8, 2019

Abstract

We construct representative firm-level longitudinal data for twenty-seven European countries using financial statements from the Orbis global database, providing a “how-to” guide on the construction. We validate our dataset by comparing its aggregate coverage to official statis- tics and present three new facts. First, smaller firms (SMEs) account for the largest share of economic activity. Second, industry concentration has increased among firms that report only consolidated statements, but decreased overall. Third, the increased concentration is accounted for by foreign-owned firms. Documenting these facts requires nationally representative data both in cross-sectional and time-series dimensions.

Keywords: data construction, new facts, market shares, selected firms

JEL Classification: E0, F0, O0

Suggested Citation

Kalemli-Ozcan, Sebnem and Sorensen, Bent E. and Villegas-Sanchez, Carolina and Volosovych, Vadym and Yesiltas, Sevcan, How to Construct Nationally Representative Firm Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration (December 8, 2019). Tinbergen Institute Discussion Paper 15-110/IV, Available at SSRN: https://ssrn.com/abstract=2660191 or http://dx.doi.org/10.2139/ssrn.2660191

Sebnem Kalemli-Ozcan (Contact Author)

University of Maryland - Department of Economics ( email )

College Park, MD 20742
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Koc University, Graduate School of Business ( email )

Rumelifeneri Yolu
34450 Sar?yer
Istanbul, 34450
Turkey

Bent E. Sorensen

University of Houston - Department of Economics ( email )

204 McElhinney Hall
Houston, TX 77204-5882
United States
713-743-3841 (Phone)
713-743-3798 (Fax)

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Carolina Villegas-Sanchez

ESADE Business School ( email )

Av. de Pedralbes, 60-62
Barcelona, 08034
Spain

Vadym Volosovych

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
Room E2-31
3000 DR Rotterdam, 3062PA
Netherlands
+31 10 408 1286 (Phone)
+31 10 408 9165 (Fax)

HOME PAGE: http://https://www.eur.nl/people/vadym-volosovych/

Sevcan Yesiltas

Koc University ( email )

Rumelifeneri Yolu
34450 Sar?yer
Istanbul, 34450
Turkey

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