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Gibrat“s Law: empirical test for large Portuguese

dc.contributor.authorMaçãs, Paulo
dc.contributor.authorSerrasqueiro, ZƩlia
dc.contributor.authorMarques, António Cardoso
dc.date.accessioned2019-01-22T09:56:46Z
dc.date.available2019-01-22T09:56:46Z
dc.date.issued2006
dc.description.abstractUsing a dynamic panel model, this article shows that Gibrat’s Law does not find empirical evidence in large Portuguese companies. The growth of large Portuguese companies depends positively on growth in the previous period, and negatively on size and level of debt. The results show large Portuguese companies to be around the optimum size and consequently, debt is used to discipline management, avoiding investment in projects which would make companies grow beyond their ideal size, jeopardising the income of shareholders or owners.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6830
dc.language.isoengpt_PT
dc.subjectGibrat’s Lawpt_PT
dc.subjectGrowthpt_PT
dc.subjectLarge Companiespt_PT
dc.subjectDynamic Panel Datapt_PT
dc.titleGibrat“s Law: empirical test for large Portuguesept_PT
dc.typejournal article
dspace.entity.typePublication
person.familyNameSerrasqueiro
person.familyNameMarques
person.givenNameZƩlia
person.givenNameAntónio Cardoso
person.identifier1880954
person.identifier.ciencia-idF710-4578-969E
person.identifier.ciencia-idBE19-EAEF-30CF
person.identifier.orcid0000-0003-1761-5426
person.identifier.orcid0000-0002-9906-3874
person.identifier.ridJ-5662-2014
person.identifier.ridD-2235-2011
person.identifier.scopus-author-id55899387800
person.identifier.scopus-author-id36169680100
rcaap.embargofctCopyright cedido à editora no momento da publicaçãopt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication26174c3d-9d2c-4d07-b900-47202fd032b3
relation.isAuthorOfPublication0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f
relation.isAuthorOfPublication.latestForDiscovery26174c3d-9d2c-4d07-b900-47202fd032b3

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