Publication:
Are Large Firms Born or Made?: Evidence from Developing Countries

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dc.contributor.authorAyyagari, Meghana
dc.contributor.authorDemirguc-Kunt, Asli
dc.contributor.authorMaksimovic, Vojislav
dc.date.accessioned2015-09-23T20:55:07Z
dc.date.available2015-09-23T20:55:07Z
dc.date.issued2015-08
dc.description.abstractThis paper uses survey data from 120 developing countries to compare the role of institutions with firm characteristics at the time of creation of the firm in explaining the size, growth, and productivity of firms over their lifecycle. The study finds that firm-level characteristics have comparable, and sometimes even larger, power than institutional factors in predicting size and growth, but not productivity. In particular, size at birth plays a key role in predicting variation in firm size and growth since birth over the firm lifecycle, whereas country factors dominate in predicting variation in labor productivity over the firm lifecycle. The study also finds that older firms are larger, partly because of the selection of more efficient firms. The findings point to the importance of initial founding conditions in explaining variations in size and growth over the firm lifecycle across countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/08/24960357/large-firms-born-or-made-evidence-developing-countries
dc.identifier.doi10.1596/1813-9450-7406
dc.identifier.urihttps://hdl.handle.net/10986/22671
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7406
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCORRELATIONS
dc.subjectJOBS
dc.subjectEMPLOYMENT
dc.subjectRIGHTS
dc.subjectMOTIVATION
dc.subjectECONOMIC GROWTH
dc.subjectACCOUNTING
dc.subjectEMPLOYMENT SHARE
dc.subjectPOLITICS
dc.subjectTIME
dc.subjectINFORMAL SECTOR
dc.subjectPREVIOUS SECTION
dc.subjectRESEARCH WORKING PAPERS
dc.subjectINCOME
dc.subjectFIRM PRODUCTIVITY
dc.subjectFIRM DYNAMICS
dc.subjectPROPERTY RIGHTS
dc.subjectINFORMATION
dc.subjectENTREPRENEURS
dc.subjectPOLITICAL ECONOMY
dc.subjectCOMPANIES
dc.subjectJOB
dc.subjectEFFECTS
dc.subjectINCENTIVES
dc.subjectLOAN
dc.subjectFIRM SURVIVAL
dc.subjectFIRM SIZE
dc.subjectASSOCIATIONS
dc.subjectPRODUCTIVITY INCREASE
dc.subjectMACHINERY
dc.subjectSMALL BUSINESS
dc.subjectEMPLOYMENT LEVEL
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectFIRM EXIT
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectTESTS
dc.subjectFIRM LEVEL
dc.subjectMANUFACTURING INDUSTRY
dc.subjectPRODUCTIVITY
dc.subjectCORPORATE FINANCE
dc.subjectLABOR PRODUCTIVITY
dc.subjectOBSERVATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectBUSINESS SERVICES
dc.subjectCAPITAL MARKET
dc.subjectMARKETS
dc.subjectFIRM
dc.subjectORGANIZATIONS
dc.subjectLENDERS
dc.subjectINDICATORS
dc.subjectRESEARCH
dc.subjectFIRM SIZE DISTRIBUTION
dc.subjectLABOR
dc.subjectENTERPRISES
dc.subjectLICENSING
dc.subjectMORTALITY
dc.subjectFINANCE
dc.subjectSIZE OF FIRMS
dc.subjectEFFICIENCY
dc.subjectCORPORATE STRATEGY
dc.subjectMETHODS
dc.subjectUNEMPLOYMENT
dc.subjectEQUITY
dc.subjectENTREPRENEURIAL ABILITY
dc.subjectDEVELOPMENT RESEARCH
dc.subjectINVESTORS
dc.subjectFIRMS
dc.subjectWORKERS
dc.subjectWAGES
dc.subjectPOLICIES
dc.subjectSCIENCE
dc.subjectOWNERSHIP STRUCTURE
dc.subjectLISTED COMPANY
dc.subjectAGE
dc.subjectVALUE
dc.subjectCREATIVE DESTRUCTION
dc.subjectAGE GROUPS
dc.subjectDOMINANT FIRM
dc.subjectINCOME DISTRIBUTION
dc.subjectPRIVATE FIRMS
dc.subjectENTERPRISE
dc.subjectPRODUCTIVE FIRMS
dc.subjectFIRM PERFORMANCE
dc.subjectJOB CREATION
dc.subjectSAMPLES
dc.subjectSIZE
dc.subjectMARKET
dc.subjectECONOMIC THEORY
dc.subjectCOMPANY
dc.subjectSURVEYS
dc.subjectECONOMICS
dc.subjectDIVERSIFICATION
dc.subjectSURVEY INSTRUMENTS
dc.subjectMANAGEMENT
dc.subjectREGRESSION ANALYSIS
dc.subjectSHAREHOLDERS
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectHIGH-TECH INDUSTRIES
dc.subjectTHEORY
dc.subjectESTIMATING
dc.subjectINVESTMENT
dc.subjectRISK
dc.subjectSAMPLING
dc.subjectFINANCIAL MARKETS
dc.subjectCONTRACTING
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCORPORATE OWNERSHIP
dc.subjectBANKING
dc.subjectEMPLOYEE
dc.subjectLABOR INTENSITY
dc.subjectSURVEY DATA
dc.subjectLAW
dc.subjectLENDING
dc.subjectESTIMATES
dc.subjectSMALL FIRMS
dc.subjectPRODUCTIVITY DISPERSION
dc.subjectMERGER
dc.subjectFIRM GROWTH
dc.subjectENTREPRENEURSHIP
dc.subjectMETHODOLOGY
dc.subjectOUTCOMES
dc.subjectFIRM-LEVEL PRODUCTIVITY
dc.subjectSEE
dc.subjectEXOGENOUS VARIABLE
dc.subjectCORPORATE ACQUISITIONS
dc.subjectSIZE OF FIRM
dc.subjectCREDIT LINES
dc.subjectEMPLOYEES
dc.subjectCORPORATE GOVERNANCE
dc.titleAre Large Firms Born or Made?en
dc.title.subtitleEvidence from Developing Countriesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.crossref.titleAre Large Firms Born or Made? Evidence from Developing Countries
okr.date.disclosure2015-08-27
okr.date.doiregistration2025-04-10T09:58:26.816344Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/08/24960357/large-firms-born-or-made-evidence-developing-countries
okr.globalpracticeFinance and Markets
okr.guid245561468188936269
okr.identifier.doi10.1596/1813-9450-7406
okr.identifier.externaldocumentum090224b0830a0438_2_0
okr.identifier.internaldocumentum24960357
okr.identifier.reportWPS7406
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/08/27/090224b0830a0438/2_0/Rendered/PDF/Are0large0firm0developing0countries.pdfen
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicPrivate Sector Development::Competition Policy
okr.topicPrivate Sector Development::Microenterprises
okr.topicPrivate Sector Development::Organizational Management
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitDevelopment Research Group (DECRG)
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication.latestForDiscovery234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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