Firm size and employment determination in dutch manufacturing industries

Lever, Marcel

doi:10.1007/bf00389556

Cited by 17 publications

(10 citation statements)

References 10 publications

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“…In fact, as Parker puts it more broadly (1994, p. 215 The bottom panel of Table 3.1 shows that worker reallocation is higher in entrepreneurial firms (Burgess et al, 2000) and small firms have relatively volatile growth rates over time (Burgess et al, 2000;Lever, 1996). We conclude that employment dynamics are larger in entrepreneurial firms.…”

Section: Generation Of Employmentmentioning

confidence: 66%

What is the value of entrepreneurship? A review of recent research

2007

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Hence, a systematic review is provided that answers the question: What is the contribution of entrepreneurs to the economy in comparison to non-entrepreneurs? We study the relative contribution of entrepreneurs to the economy based on four measures that have most widely been studied empirically. Hence, we answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation, and (iii) productivity and growth, relative to the contributions of the entrepreneurs' counterparts, i.e. the 'control group'? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals' utility levels. Based on 57 recent studies of high quality that contain 87 relevant separate analyses, we conclude that entrepreneurs have a very important -but specific -function in the economy. They engender relatively much employment creation, productivity growth and produce and commercialize high quality innovations. They are more satisfied than employees. More importantly, recent studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of all companies in the region in the long run. However, the counterparts cannot be missed either as they account for a relatively high value of GDP, a less volatile and more secure labor market, higher paid jobs and a greater number of innovations and they have a more active role in the adoption of innovations. Terms of use: Documents inJEL-classification: D24, D31, E23, E24, J21, J28, J31, L26, M13

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Section: Generation Of Employmentmentioning

confidence: 66%

What is the value of entrepreneurship? A review of recent research

2007

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“…Low and Weiler (2012) explore the influence of local employment growth and volatility on subsequent self-employment and establishment birth rates, which is the converse of a question addressed here. Other studies find that volatility of employment growth varies systematically by firm size (Burgess, Lane, & Stevens, 2000; Lever, 1996), though without addressing entry. 3…”

Section: Literature Performance Measures and Hypothesesmentioning

confidence: 99%

New Small Firms and Dimensions of Economic Performance

Shaffer

Hasan

Zhou

2014

Economic Development Quarterly

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Using data from metropolitan U.S. labor market areas, the authors quantify empirical associations between entry by small firms and multiple economic outcomes including levels, growth rates, and volatilities of income and employment. The inclusion of volatilities, motivated by prior studies, fills an important gap in the empirical analysis of the economic effects of small business entry. We introduce a new measure of excess volatility to reduce any bias from endogeneity or reverse causality. Several robust associations emerge, suggesting a richer variety of effects of entry than previously documented, and raising important new questions for future research and public policy.

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“…The existing literature in the area is inconclusive regarding the relationship between firm size and firm earnings. For example, several researchers report a positive relationship between firm size and firm earnings (e.g., Aboody and Lev, 2001; Paul, 2001; Chan et al ., 2005; Connolly and Hirschey, 2005), while others find a negative relationship between these two variables (e.g., Lever, 1996; Chuang, 1999; Pull, 2003). Moreover, Booth et al .…”

Section: Literature Review and Theoretical Modelsmentioning

confidence: 98%

Effects of Firm Size, Financial Leverage and R&D Expenditures on Firm Earnings: An Analysis Using Quantile Regression Approach

Hwang

2011

Abacus

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As documented in the literature, the effects of firm size, financial leverage, and R&D expenditures on firm earnings are inclusive. Our hypothesis is that the inconsistent empirical results of such effects may be driven by the regression models implemented in data analysis. Using the quantile regression (QR) approach developed by Koenker and Basset (1978), this study analyses S&P 500 firms from 1996 to 2005. We find that the effects of firm size, financial leverage and R&D expenditures on firm earnings differ considerably across earnings quantiles. Comparing the results from the QR approach with those from the ordinary least squares (OLS) and least absolute deviation (LAD) methods, this study further explains the puzzling relationship between firm size, financial leverage, R&D expenditures and firm earnings.

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Firm size and employment determination in dutch manufacturing industries

Cited by 17 publications

References 10 publications

What is the value of entrepreneurship? A review of recent research

What is the value of entrepreneurship? A review of recent research

New Small Firms and Dimensions of Economic Performance

Effects of Firm Size, Financial Leverage and R&D Expenditures on Firm Earnings: An Analysis Using Quantile Regression Approach

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