In this section, you can access to the latest technical information related to the FUTURE project topic.

Modeling the joint distribution of firm size and firm age based on grouped data

Abstract

The firm size distribution is highly skewed to the right and often follows a power law. In practice, it is common that firm size and firm age data are aggregated and released as grouped data to avoid disclosure of confidential information. We investigate multiple parametric methods for firm size and firm age modeling based on grouped data, and propose to estimate the joint distribution of firm size and firm age using the Plackett copula. The goodness-of-fit of the estimated marginal distributions are benchmarked with respect to the fit to the whole data and to the upper tails, respectively. The utilization of the proposed methods are demonstrated via an application to the 1977-2014 US firm data. Results show that the generalized lambda distribution has overall better performance in modeling both firm size and firm age data. The exponentiated Weibull distribution also works well in modeling the firm size data. As a by-product, the estimated parameter of the Plackett copula provides a measure of the association between firm size and firm age.

» Author: Chen Ge,  Shu-Guang Zhang,  Bin Wang

» Reference: https://doi.org/10.1371/journal.pone.0235282

» Publication Date: 15/07/2020

» More Information

« Go to Technological Watch



AIMPLAS Instituto Tecnológico del Plástico

C/ Gustave Eiffel, 4
(València Parc Tecnològic) - 46980
PATERNA (Valencia) - SPAIN

PHONE

(+34) 96 136 60 40

EMAIL

Project Management department - Sustainability and Industrial Recovery
life-future-project@aimplas.es