The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries
基于100个制造业行业的企业样本，研究发现企业增长、增长波动性和失败概率随年龄下降，增长随规模递减但速率放缓，吉布拉定律不成立。
This study uses a sample of all firms operating in 100 manufacturing industries to examine some aspects of firm dynamics. It finds that firm growth, the variability of firm growth, and the probability that a firm will fail decrease with firm age. It also finds that firm growth decreases at a diminishing rate with firm size even after controlling for the exit of slow-growing firms from the sample. Gibrat's Law therefore fails, although the severity of the failure decreases with firm size. Copyright 1987 by Blackwell Publishing Ltd.