Title: The firm size distribution and inter-industry diversification
Authors: Hutchinson, J. ×
Konings, Joep
Walsh, P.P. #
Issue Date: Sep-2010
Publisher: Kluwer Academic Publishers
Series Title: The Review of Industrial Organization vol:37 issue:2 pages:65-82
Abstract: We show that the stylized facts of the Firm Size Distribution (FSD) by age cohorts, as shown in Cabral and Mata (2003), bind within 4-digit manufacturing industries in the UK and Belgium. This paper investigates whether the time to build a portfolio of products from inter-industry diversification is a mechanism that helps explain the stylized facts of the FSD by age cohorts. We find that the degree of inter-industry diversification has a separate impact on firm size when controlling for age, amongst other factors. Using the techniques of Cabral and Mata, we find that inter-industry diversification does shift the FSD to the right, and more so in older age groups.
ISSN: 0889-938X
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of Monetary and Information Economics, Leuven
LICOS - Centre for Institutions and Economic Performance, Leuven
× corresponding author
# (joint) last author

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