Gibrat’s law and liquidity constraints: evidence from Malaysia industrial sector companies
Gibrat’s Law, or the Law of Proportionate Effect (LPE), presupposes that the growth rate of a given company is independent of its initial size. While older studies have a tendency to confirm the LPE, recent studies generally reject it. Only very few empirical studies have examined the validity of Gi...
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| Format: | Article |
| Language: | English English |
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IIUM Press
2016
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| Online Access: | http://irep.iium.edu.my/53399/ http://irep.iium.edu.my/53399/ http://irep.iium.edu.my/53399/1/53399_Gibrat%E2%80%99s%20law%20and%20liquidity%20constraints.pdf http://irep.iium.edu.my/53399/7/53399__Gibrat%E2%80%99s%20law%20and%20liquidity_WOS.pdf |