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American Economic Review: Vol. 98 No. 1 (March 2008)
AER Volume. 98, Issue 1 | 
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AER Forthcoming Articles
On the Evolution of Firm Size Distributions
Article Citation
Angelini, Paolo, and
Andrea Generale. 2008. "On the Evolution of Firm Size Distributions."
American Economic Review,
98(1): 426-38.
DOI: 10.1257/aer.98.1.426
DOI: 10.1257/aer.98.1.426
Abstract
We study the impact of financial constraints on firm size distribution (FSD). We find that financially constrained firms, identified using various proxies, are smaller than the others (their FSD is more skewed to the right). However, among OECD countries, the FSD of nonconstrained firms virtually overlaps that of the entire sample, suggesting that the overall impact of financial constraints on the FSD is modest. The difference is more pronounced in our sample of firms from non-OECD countries. We conclude that financial constraints cannot be considered the main determinant of the FSD evolution in developed economies. (JEL L11, L25)
Article Full-Text Access
Full-text Article
Additional Materials
Download Data Set (1.77 MB) | Link to Appendix (11.66 KB)
Authors
Angelini, Paolo (Bank of Italy)
Generale, Andrea (Bank of Italy)
Generale, Andrea (Bank of Italy)
JEL Classifications
L11: Production, Pricing, and Market Structure; Size Distribution of Firms
