Do Firms’ Growth Rates Follow a Random Walk? Evidence from Incubated Small and Medium Enterprises in South Africa
Debate on the validity of the Law of Proportionate Effect (LPE) on firm growth is ongoing decades after it was postulated by Gibrat in 1931. The theoretical model which asserts that firm growth follows a random walk has been largely tested in developed economies using data from non-incubated firms,...
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| Автори: | , |
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| Формат: | Artigo |
| Мова: | Inglês |
| Опубліковано: |
Azure Academic Publishers
2023-04-01
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| Серія: | African Journal of Inter-Multidisciplinary Studies |
| Предмети: | |
| Онлайн доступ: | https://srvubuojs002.uct.ac.za/index.php/ajims/article/view/1091 |
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