Title of article :
Gibratʹs law is a referent model of corporate growth dynamics. This paper employs Bayesian panel data me thods to test Gibratʹs law and its implications. Using a Pharmaceutical Industry Database (1987–1998), we find evidence against Gibratʹs law on avera
Keywords :
Profitability , Firm growth , Replicator dynamics , Panel data , Penrose effects
