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Financial determinants of firm dynamics: Evidence from a European panel

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  • Brückner, Markus
Abstract
I use a panel of large European firms for the period 1999-2007 to study scale dependence in firm dynamics. I find that scale dependence is much more pronounced when focusing on within-firm rather than between-firm variation and that scale dependence is a decreasing function of financial development.

Suggested Citation

  • Brückner, Markus, 2010. "Financial determinants of firm dynamics: Evidence from a European panel," Economics Letters, Elsevier, vol. 107(1), pages 63-65, April.
    • Handle: RePEc:eee:ecolet:v:107:y:2010:i:1:p:63-65
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    References listed on IDEAS

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    Cited by:

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    2. Claudiu Tiberiu Albulescu & Şerban Miclea & Simina Silvana Suciu & Matei Tămăşilă, 2018. "Firm-level investment in the extractive industry from CEE countries: the role of macroeconomic uncertainty and internal conditions," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 8(2), pages 193-208, June.
    3. Ghassan Omet, 2011. "Stock Market Liquidity: Comparative Analysis of The Abu Dhabi Stock Exchange and Dubai Financial Market," Working Papers 655, Economic Research Forum, revised 12 Jan 2011.
    4. Neven Ivandić, 2015. "Gibrat's Law and the Impact of Ownership: A Case Study of Croatia's Hotel Industry," Tourism Economics, , vol. 21(1), pages 105-120, February.

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    Keywords

    Financial development Firm dynamics;

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