What determines firms size

What determines firms size (2001)

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by Krishna B. Kumar , Raghuram G. Rajan , Luigi Zingales , We Thank Eugene Fama , Doug Gollin , Ananth Madhavan , John Matsusaka , Andrei Shleifer

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Datum	Value	Source
TITLE	What determines firms size	INFERENCE
AUTHOR NAME	Krishna B. Kumar	SVM HeaderParse 0.2
AUTHOR AFFIL	Marshall School of Business,; University of Southern California	SVM HeaderParse 0.2
AUTHOR NAME	Raghuram G. Rajan	SVM HeaderParse 0.2
AUTHOR AFFIL	International Monetary Fund & NBER	SVM HeaderParse 0.2
AUTHOR NAME	Luigi Zingales	SVM HeaderParse 0.2
AUTHOR AFFIL	Graduate School of Business,; University of Chicago, NBER, & CEPR	SVM HeaderParse 0.2
AUTHOR NAME	We Thank Eugene Fama	SVM HeaderParse 0.2
AUTHOR AFFIL	participants at Chicago, Copenhagen, Norwegian School of Management-BI, and USC for comments.; Kumar acknowledges support from the US Department of Education and USC’s CIBEAR. Rajan and Zingales	SVM HeaderParse 0.2
AUTHOR NAME	Doug Gollin	SVM HeaderParse 0.2
AUTHOR AFFIL	participants at Chicago, Copenhagen, Norwegian School of Management-BI, and USC for comments.; Kumar acknowledges support from the US Department of Education and USC’s CIBEAR. Rajan and Zingales	SVM HeaderParse 0.2
AUTHOR NAME	Ananth Madhavan	SVM HeaderParse 0.2
AUTHOR AFFIL	participants at Chicago, Copenhagen, Norwegian School of Management-BI, and USC for comments.; Kumar acknowledges support from the US Department of Education and USC’s CIBEAR. Rajan and Zingales	SVM HeaderParse 0.2
AUTHOR NAME	John Matsusaka	SVM HeaderParse 0.2
AUTHOR AFFIL	participants at Chicago, Copenhagen, Norwegian School of Management-BI, and USC for comments.; Kumar acknowledges support from the US Department of Education and USC’s CIBEAR. Rajan and Zingales	SVM HeaderParse 0.2
AUTHOR NAME	Andrei Shleifer	SVM HeaderParse 0.2
AUTHOR AFFIL	participants at Chicago, Copenhagen, Norwegian School of Management-BI, and USC for comments.; Kumar acknowledges support from the US Department of Education and USC’s CIBEAR. Rajan and Zingales	SVM HeaderParse 0.2
ABSTRACT	In this paper we study how industry-specific and institutional factors affect the size of corporations. We find that countries that have better institutional development, as measured by the efficiency of their judicial system, have larger firms. Once we correct for institutional development, there is little evidence that richer countries or countries with better developed capital markets have larger firms. Interaction effects are perhaps of greatest use in discriminating between theories. We find the efficiency of the judicial system has the strongest relationship with firm size in industries with low physical capital intensity, a finding consistent with a broad class of theories emphasizing “Critical Resources ” as central to determining the boundaries of firms.	SVM HeaderParse 0.2
YEAR	2001	INFERENCE
PAGES	496	INFERENCE
CITATIONS	55 found	ParsCit 1.0