Department of Management

Morten Berg Jensen

The devil dwells in the tails: A quantile regression approach to firm growth

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

Standard

The devil dwells in the tails : A quantile regression approach to firm growth. / Reichstein, Toke; Dahl, Michael Slavensky; Ebersberger, Bernd; Jensen, Morten Berg.

In: Journal of Evolutionary Economics, Vol. 20, No. 2, 2010, p. 219-231.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

Harvard

Reichstein, T, Dahl, MS, Ebersberger, B & Jensen, MB 2010, 'The devil dwells in the tails: A quantile regression approach to firm growth', Journal of Evolutionary Economics, vol. 20, no. 2, pp. 219-231. https://doi.org/10.1007/s00191-009-0152-x

APA

Reichstein, T., Dahl, M. S., Ebersberger, B., & Jensen, M. B. (2010). The devil dwells in the tails: A quantile regression approach to firm growth. Journal of Evolutionary Economics, 20(2), 219-231. https://doi.org/10.1007/s00191-009-0152-x

CBE

Reichstein T, Dahl MS, Ebersberger B, Jensen MB. 2010. The devil dwells in the tails: A quantile regression approach to firm growth. Journal of Evolutionary Economics. 20(2):219-231. https://doi.org/10.1007/s00191-009-0152-x

MLA

Reichstein, Toke et al. "The devil dwells in the tails: A quantile regression approach to firm growth". Journal of Evolutionary Economics. 2010, 20(2). 219-231. https://doi.org/10.1007/s00191-009-0152-x

Vancouver

Reichstein T, Dahl MS, Ebersberger B, Jensen MB. The devil dwells in the tails: A quantile regression approach to firm growth. Journal of Evolutionary Economics. 2010;20(2):219-231. https://doi.org/10.1007/s00191-009-0152-x

Author

Reichstein, Toke ; Dahl, Michael Slavensky ; Ebersberger, Bernd ; Jensen, Morten Berg. / The devil dwells in the tails : A quantile regression approach to firm growth. In: Journal of Evolutionary Economics. 2010 ; Vol. 20, No. 2. pp. 219-231.

Bibtex

@article{60aa6e80706a11de9bdc000ea68e967b,
title = "The devil dwells in the tails: A quantile regression approach to firm growth",
abstract = "This paper explores firm growth rate distribution in a Gibrat's Law context. It is novel in two respects. First, rather than limiting the analysis to a focus on the conditional mean, we investigate the entire shape of the distribution. Second, we show that differences in the firm growth rate process between large and small firms are highly circumstantial and depend on the industry dynamics. The data used include more than 9,000 Danish manufacturing, services and construction firms. We provide robust evidence indicating that firm growth studies should concentrate less on explaining means and instead focus on other parts of the firm growth rate distribution.",
keywords = "Firm growth, Quantile regression, Distribution shape",
author = "Toke Reichstein and Dahl, {Michael Slavensky} and Bernd Ebersberger and Jensen, {Morten Berg}",
year = "2010",
doi = "10.1007/s00191-009-0152-x",
language = "English",
volume = "20",
pages = "219--231",
journal = "Journal of Evolutionary Economics",
issn = "0936-9937",
publisher = "Springer",
number = "2",

}

RIS

TY - JOUR

T1 - The devil dwells in the tails

T2 - A quantile regression approach to firm growth

AU - Reichstein, Toke

AU - Dahl, Michael Slavensky

AU - Ebersberger, Bernd

AU - Jensen, Morten Berg

PY - 2010

Y1 - 2010

N2 - This paper explores firm growth rate distribution in a Gibrat's Law context. It is novel in two respects. First, rather than limiting the analysis to a focus on the conditional mean, we investigate the entire shape of the distribution. Second, we show that differences in the firm growth rate process between large and small firms are highly circumstantial and depend on the industry dynamics. The data used include more than 9,000 Danish manufacturing, services and construction firms. We provide robust evidence indicating that firm growth studies should concentrate less on explaining means and instead focus on other parts of the firm growth rate distribution.

AB - This paper explores firm growth rate distribution in a Gibrat's Law context. It is novel in two respects. First, rather than limiting the analysis to a focus on the conditional mean, we investigate the entire shape of the distribution. Second, we show that differences in the firm growth rate process between large and small firms are highly circumstantial and depend on the industry dynamics. The data used include more than 9,000 Danish manufacturing, services and construction firms. We provide robust evidence indicating that firm growth studies should concentrate less on explaining means and instead focus on other parts of the firm growth rate distribution.

KW - Firm growth

KW - Quantile regression

KW - Distribution shape

U2 - 10.1007/s00191-009-0152-x

DO - 10.1007/s00191-009-0152-x

M3 - Journal article

VL - 20

SP - 219

EP - 231

JO - Journal of Evolutionary Economics

JF - Journal of Evolutionary Economics

SN - 0936-9937

IS - 2

ER -