Abstract
Firm-size distributions for the 100 largest UK firms in 1980, 1975 and 1970 are analysed using simple and piecewise regression techniques. The concavity observed for the Pareto plots in each case, it is argued, related to the existence of contiguous size classes in each data set. The results obtained lend support to the theoretical approach to firm-size distributions, based on Gibrat's weakened assumption. A study of the size classes estimated, shows that the hierarchical structure of the largest UK firms has altered radically over the 10 year time-scale.-Author
| Original language | English |
|---|---|
| Pages (from-to) | 547-559 |
| Number of pages | 12 |
| Journal | Statistician |
| Volume | 35 |
| Issue number | 5 |
| Publication status | Published - 1986 |