Are firm growth paths random? A reply to “Firm growth and the illusion of randomness”

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.

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Bibliographic Details
Published in:Journal of Business Venturing Insights 2015-07, Vol.3, p.5-8
Main Authors: Coad, Alex, Frankish, Julian S., Roberts, Richard G., Storey, David J
Format: Article
Language:English
Subjects:
Autocorrelation
Firm growth
Gambler's Ruin
Gibrat's Law
Growth paths
Randomness
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Description
Summary: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.
ISSN:2352-6734
2352-6734
DOI:10.1016/j.jbvi.2014.11.001