On the distributional properties of size, profit and growth of Icelandic firm
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Otros documentos de la autoría: Erlingsson, Einar Jón; Alfarano, Simone; Raberto, Marco; Stefánsson, Hlynur
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Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadatos
Título
On the distributional properties of size, profit and growth of Icelandic firmFecha de publicación
2012Editor
Springer VerlagISSN
1860-711X; 1860-7128Cita bibliográfica
Journal of Economic Interaction and Coordination April 2013, Volume 8, Issue 1, pp 57-74Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://link.springer.com/article/10.1007/s11403-012-0103-8Versión
info:eu-repo/semantics/acceptedVersionPalabras clave / Materias
Firm size | Profit rates | Growth rates | Power law | Laplace distribution | Icelandic firms | C12 | D01 | D22
Resumen
In this paper, we analyze the distributional properties of the balance sheets of Icelandic firms by performing an empirical analysis of total assets, profit rates and growth rates using a data set of 2,818 Icelandic ... [+]
In this paper, we analyze the distributional properties of the balance sheets of Icelandic firms by performing an empirical analysis of total assets, profit rates and growth rates using a data set of 2,818 Icelandic firms during the period 2000–2009. We find that the firms size measure, i.e. total assets, have the same heavy tail characteristics as various studies have shown, e.g. for US and Italian firms. The heavy tail nature of the total assets distribution seems to be robust w.r.t. a boom-bust cycle of the economy as well as special characteristics of Icelandic firms, e.g. their relatively small size and private ownership. Another important finding is that the profit rates, or return on assets, of Icelandic firms follow a Laplace like distribution similar to US firms. Additionally, we identified deviations from the distributional regularities, namely the power law behavior of firms’ size and Laplacian distributions of growth and profit rates, during the booming period of the economy 2005–2007. [-]
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Journal of Economic Interaction and Coordination, 2013, vol. 8, num. 1Derechos de acceso
© Springer, Part of Springer Science+Business Media. The final publication is available at link.springer.com
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info:eu-repo/semantics/openAccess
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info:eu-repo/semantics/openAccess
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