An Applied Econometrician's View of Large Company Performance

CEPR Discussion Paper Series No. 1862

Posted: 3 Jun 1998

See all articles by Paul A. Geroski

Paul A. Geroski

London Business School; Centre for Economic Policy Research (CEPR)

Date Written: April 1998

Abstract

This paper contains a brief survey of recent empirical work on the performance of large companies. It tries to pull together the literature in the form of six stylized facts, illustrating them with data drawn from a single sample. The paper concludes by highlighting the issues which are thrown up for future work. These are: accounting for persistent heterogeneities between firms, accounting for the apparently erratic performance of many firms and, finally, moving away from hypothesis testing driven empirical agendas.

JEL Classification: L11

Suggested Citation

Geroski, Paul A., An Applied Econometrician's View of Large Company Performance (April 1998). CEPR Discussion Paper Series No. 1862, Available at SSRN: https://ssrn.com/abstract=94148

Paul A. Geroski (Contact Author)

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Centre for Economic Policy Research (CEPR)

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