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《Industrial Economics Research》 2008-06
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The Impacts of Size and Age of Chinese Companies on Firm Growth——Panel Data of Manufacturing Listed Companies

TANG Yuejun,SONG Yuanyang(School of Management,Fudan University,Shanghai 200433,China)  
Based on panel data of Chinese manufacturing listed companies from 2003 to 2006,this paper discusses the relationship between size,age and firm growth.The findings imply that:(1)The relationship between size and growth is not consistent with Gibrat's law.(2)As a whole,size positively influences firm growth,that is the bigger the company is the higher the grow rate is.(3)Age negatively impacts firm growth,that is the older the company is the lower the grow rate is.Furthermore,based on samples of subdivisions of manufacturing industry,we find that the relationship between size,age and firm growth are different in different subdivisions.
【CateGory Index】: F270.3
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