4,535
Views
147
CrossRef citations to date
0
Altmetric
Two Takes on Firm Performance

Does Size Matter in Firm Performance? Evidence from US Public Firms

Pages 189-203 | Published online: 18 Jun 2009

References

  • Amato , L. 1995 . The choice of structure measure in industrial economics . Quarterly Journal of Business and Economics , 34 (2) : 39 – 52 .
  • Amato , L.J. and Amato , C.H. 2004 . Firm size, strategic advantage, and profit rates in US retailing . Journal of Retailing and Consumer Services , 11 (3) : 181 – 193 .
  • Amato , L. and Wilder , R. 1985 . The effects of firm size on profit rates in US manufacturing . Southern Economic Journal , 52 (1) : 181 – 190 .
  • Bain , J. 1956 . Barriers to New Competition , Cambridge, MA : Harvard University Press .
  • Baumol , W. 1967 . Business behavior value and growth , New York : Harcourt Brace Jovanovich .
  • Brown , A.N. and Brown , J.D. 2001 . “ Does market structure matter? New evidence using exogenous market structure ” . Stockholm School of Economics . working paper 130
  • Caves , R. and Porter , M. 1977 . From entry barriers to mobility barriers: Conjectural decisions and contrived deterrence to new competition . Quarterly Journal of Economics , 91 (2) : 421 – 441 .
  • Caves , R. and Pugel , T. 1980 . Intraindustry differences in conduct and performance; viable strategies in US manufacturing , New York University Monograph Series in Finance and Economics Monograph 1980–2
  • Cubbin , J. and Geroski , P. 1987 . The convergence of profits in the long run: Inter‐firm and inter‐industry comparisons . Journal of Industrial Economics , 35 (4) : 427 – 442 .
  • Domowitz , I. , Hubbard , R.G. and Petersen , B.C. 1986 . Business cycles and the relationship between concentration and price‐cost margins . Rand Journal of Economics , 17 (1) : 1 – 17 .
  • Geroski , P.A. , Lazarova , S. , Urga , G. and Walters , C.F. 2003 . Are differences in firm size transitory or permanent . Journal of Applied Econometrics , 18 (1) : 47 – 59 .
  • Glen , J. , Lee , K. and Singh , A. 2003 . Corporate profitability and the dynamics of competition in emerging markets: A time series analysis . Economic Journal , 113 (491) : F465 – F484 .
  • Goddard , J. , McMillan , D. and Wilson , J.O.S. 2006 . Do firm sizes and profit rates converge? Evidence on Gibrat’s law and the persistence of profits in the long run . Applied Economics , 38 (3) : 267 – 278 .
  • Greene , W.H. 2000 . Econometric Analysis , 4th edn , New Jersey : Prentice Hall .
  • Gschwandtner , A. 2005 . Profit persistence in the ‘very’ long run: Evidence from survivors and exiters . Applied Economics , 37 (7) : 793 – 806 .
  • Habib , M. and Ljungqvist , A. 2005 . Firm value and managerial incentives: a stochastic frontier approach . Journal of Business , 78 (6) : 2053 – 2093 .
  • Hall , M. and Weiss , L. 1967 . Firm size and profitability . Review of Economics and Statistics , 49 (3) : 319 – 331 .
  • Hausman , J.A. 1978 . Specification tests in econometrics . Econometrica , 46 (6) : 1251 – 1272 .
  • Kessides , I.N. 1990 . “ The persistence of profits in US manufacturing industries ” . In The Dynamics of Company Profits: An International Comparison, Chapter 5 , Edited by: Mueller , D.C. 59 – 76 . Cambridge : Cambridge University Press .
  • Mariuzzo , F. , Walsh , P. and Whelan , C. 2003 . Firm size and market power in carbonated soft drinks . Review of Industrial Organization , 23 (4) : 283 – 299 .
  • Miller , R. 1981 . Strategic pathways to growth in retailing . Journal of Business Strategy , 1 (3) : 16 – 29 .
  • Mueller , D.C. 1977 . The effects of conglomerate mergers: A survey of the empirical evidence . Journal of Banking and Finance , 1 (4) : 315 – 347 .
  • Mueller , D.C. 1986 . Profits in the Long Run , Cambridge : Cambridge University Press .
  • Mueller , D.C. 1990 . “ The persistence of profits in the United States ” . In The Dynamics of Company Profits: An International Comparison, Chapter 4 , Edited by: Mueller , D.C. 35 – 58 . Cambridge : Cambridge University Press .
  • Porter , M.E. 1979 . The structure within industries and company performance . Review of Economics and Statistics , 61 (2) : 214 – 227 .
  • Porter , M.E. 1985 . Competitive advantage: Creating and sustaining superior performance , New York : Free Press .
  • Porter , M.E. 1998 . Competitive strategy: Techniques for analyzing industries and competitors , New York : Free Press .
  • Powell , T.C. 1996 . How much does industry matter? An alternative empirical test . Strategic Management Journal , 17 (4) : 323 – 334 .
  • Qualls , D. 1979 . Market structure and the cyclical flexibility of price‐cost margins . Journal of Business , 52 (2) : 305 – 325 .
  • Ratchford , B.T. and Stoops , D.T. 1988 . A model and measurement approach for studying retail productivity . Journal of Retailing , 64 (3) : 241 – 263 .
  • Ravenscraft , D.J. 1983 . Structure‐profit relationship at the line of business and industry level . Review of Economics and Statistics , 65 (1) : 22 – 31 .
  • Scherer , F.M. 1973 . The determinants of industrial plant sizes in six nations . Review of Economics and Statistics , 55 (2) : 135 – 145 .
  • Schmalensee , R. 1985 . Do markets differ much? . American Economic Review , 75 (3) : 341 – 351 .
  • Shepherd , W.G. 1972 . The elements of market structure . Review of Economics and Statistics , 54 (1) : 25 – 37 .
  • Szymamnski , D.M. , Bharadwaj , S.G. and Varadarajan , P.R. 1993 . An analysis of the market share‐profitability relationship . Journal of Marketing , 57 (3) : 1 – 18 .
  • Weiss , L.W. 1974 . “ The concentration‐profits relationship and antitrust ” . In International Concentration: The New Learning , Edited by: Goldschmind , H.J. , Mann , H.M. and Weston , J.F. Boston : Little, Brown .
  • White , H. 1980 . A heteroskedasticity‐consistent covariance matrix estimator and direct test for heteroskedasticity . Econometrica , 48 (4) : 817 – 838 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.