Since 2014
TESTING GIBRAT’S LAW ON CROATIAN FREIGHT TRANSPORT AND LOGISTICS FIRMS
Proceedings of International Scientific Conference Business Logistics in Modern Management
View Archive Info| Field | Value | |
| Title |
TESTING GIBRAT’S LAW ON CROATIAN FREIGHT TRANSPORT AND LOGISTICS FIRMS
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| Creator |
Pavlić Skender, Helga
Adelajda Mirković, Petra Zaninović, Vinko |
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| Description |
Gibrat’s law states that growth rate of the firm is independent of firm’s size. This paper tests Gibrat’s law on the panel data of Croatian freight transport and logistics firms during the period from 2006 to 2015. The data from Bureau van Dijk’s Amadeus database is used to test the Law. The sample includes 565 firms. The aim of the paper is to analyze whether the growth of the freight transport and logistics firms in Croatia depends of its size. The number of employees and sales of the firm are used as independent variables, while yearly sales growth is taken as the depended variable. In analysis is also included the age of the firm in order to control for variable other than the size that affect the growth rate of the firm. Using econometric model (fixed effects estimator) we find that there is statistically significant proportional connection between size of the firms and their respective growth rates, moreover the results shows the growth in number of employees has a positive impact on the growth rate while the growth in sales and age of the firm have negative impact on the growth rate. It means larger and older firms have slower growth rate. That is why the Gibrat’s law is rejected in case of Croatian freight transport and logistics firms.Key words: Gibrat’s law, freight transport & logistics, panel data, fixed effects
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| Publisher |
Faculty of Economics in Osijek
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| Contributor |
—
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| Date |
2017-12-04
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://hrcak.srce.hr/ojs/index.php/plusm/article/view/5900
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| Source |
Business Logistics in Modern Management; 2017: Proceedings of The 17th International Scientific Conference Business Logistics in Modern Management
Zbornik međunarodne znanstvene konferencije Poslovna logistika u suvremenom menadžmentu; 2017: Proceedings of The 17th International Scientific Conference Business Logistics in Modern Management 1849-6148 1849-5931 |
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| Language |
eng
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| Relation |
https://hrcak.srce.hr/ojs/index.php/plusm/article/view/5900/3020
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| Rights |
Copyright (c) 2017 Business Logistics in Modern Management
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