ISSN 1300-1868
 

Original Research (Original Article) 


The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market

Murat ATAN, Emre Güneşer BOZDAĞ.

Abstract
The aim of the study is whether Gibrat’s Law is true if applied on the carbonate soft drink markets in Eastern and Western Europe. The Gibrat’s Law means that the size increasing rate is not depend on the size of fırms but randomly. It is tried to estimate the esence of the relationships between the initial size growth and growth rate of the firms, by using static mathod GMM and dynamic Arellano Bond panel. In static GMM it is not found a meaningful relations for Western European carbonate soft drinks firms but for Eastern European firms is. Even if, in Eastern Europe, there is a relation between size and size growth rate, which is different from Gibrat’s Law. Small size firms are more dynamic for growing than the large size firms, not randomly. In dynamic Arellano Bond model it is not meaningful to test the Gibrat’s Law. In the study the firm ’s size concept is limited with the sum of the sales valued in US Dollar for each of the firms.

Key words: Gibrat’s Law, Firm Size, Concentration, GMM, Arellano Bond Dynamic Panel. JEL Classification: C23, D20, D40, L11, L66.



AVRUPA KARBONATLI İÇECEKLER PİYASASINDA FİRMA BÜYÜKLÜĞÜ VE BÜYÜKLÜK GENİŞLEME ORANI İLİŞKİSİ

Ozet
Bu çalışmanın amacı Gibrat Yasası ’nın Doğu ve Batı Avrupa karbonatlı alkosüz içecekler piyasası için doğru olup olmadığıdır. Gibrat yasası, firma büyüklük artışının firma büyüklüğüne bağlı olmadığı, ama gelişi güzel bir nedene bağlı olduğunu anlamına gelmektedir. Bu yüzden, firmaların ilk büyüklükleriyle büyüme oranları arasındaki ilişkinin varlığı, statik yöntem GMM ve dinamik yöntem Arellano Bond Paneli kullanılarak, çalışılmaktadır. Statik GMM’de, Batı Avrupa karbonatlı içecek firmaları için anlamlı bir ilişki bulunmazken Doğu Avrupa için bulunmaktadır. Doğu Avrupada büyüklük ve büyüklük artış oranı arasında anlamlı bir ilişki olsa da, bu Gibrat Yasasından farklıdır. Küçük büyüklükteki firmalar büyümede geniş büyüklükteki firmalara göre daha dinamiktir, gelişigüzel değildir. Dinamik Arellano Bond modelinde Gibrat yasasını testi anlamlı değildir. Çalışmada firmanın büyüklüğü kavramı her bir firmanın toplam ABD dolarıyla değerlendirilen toplam satışlarla sınırlıdır.

Anahtar Kelimeler: Gibrat Yasası, Firma Büyüklüğü, Yoğunlaşma, GMM, Arellano Bond Dinamik Panel. JEL Sınıflaması: C23, D20, D40, L11, L66.


 
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How to Cite this Article
Pubmed Style

Murat ATAN, Emre Guneser BOZDAG. [The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]. Ekonomik Yaklasim. 2011; 22(80): 19-38. Turkish. doi:10.5455/ey.20022


Web Style

Murat ATAN, Emre Guneser BOZDAG. [The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]. http://www.ekonomikyaklasim.org/?mno=150950 [Access: June 17, 2019]. Turkish. doi:10.5455/ey.20022


AMA (American Medical Association) Style

Murat ATAN, Emre Guneser BOZDAG. [The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]. Ekonomik Yaklasim. 2011; 22(80): 19-38. Turkish. doi:10.5455/ey.20022



Vancouver/ICMJE Style

Murat ATAN, Emre Guneser BOZDAG. [The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]. Ekonomik Yaklasim. (2011), [cited June 17, 2019]; 22(80): 19-38. Turkish. doi:10.5455/ey.20022



Harvard Style

Murat ATAN, Emre Guneser BOZDAG (2011) [The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]. Ekonomik Yaklasim, 22 (80), 19-38. Turkish. doi:10.5455/ey.20022



Turabian Style

Murat ATAN, Emre Guneser BOZDAG. 2011. [The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]. Ekonomik Yaklasim, 22 (80), 19-38. Turkish. doi:10.5455/ey.20022



Chicago Style

Murat ATAN, Emre Guneser BOZDAG. "[The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]." Ekonomik Yaklasim 22 (2011), 19-38. Turkish. doi:10.5455/ey.20022



MLA (The Modern Language Association) Style

Murat ATAN, Emre Guneser BOZDAG. "[The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]." Ekonomik Yaklasim 22.80 (2011), 19-38. Print.Turkish. doi:10.5455/ey.20022



APA (American Psychological Association) Style

Murat ATAN, Emre Guneser BOZDAG (2011) [The Relation Between Firm Size and Size Growth Rate in European Carbonate Drinks Market]. Ekonomik Yaklasim, 22 (80), 19-38. Turkish. doi:10.5455/ey.20022