The hidden hand and the license raj to an evaluation of the relationship between age and the growth of firms in India

Journal of Business Venturing

Volumn 19, Issue 1, 2004, Pages 107-125

  Majumdar, Sumit K ^a  

^a IMPERIAL COLLEGE LONDON   (United Kingdom)

Author keywords

Hidden hand; India; License raj

Indexed keywords

EID: 0242636024     PISSN: 08839026     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0883-9026(02)00115-5     Document Type: Article

References (62)

1. Adelman I. A stochastic analysis of the size distribution of firms J. Am. Stat. Assoc. 53 1958 893-904
2. Ahluwalia I.J. Industrial Growth in India: Stagnation Since the Mid-Sixties 1985 Oxford Univ. Press Delhi
3. Barron D.N. West E. Hannan M.T. A time to grow and a time to die: growth and mortality of credit unions in New York City, 1914-1990 Am. J. Sociol. 100 2 1994 381-421
4. Bhagwati J.N. India in Transition: Freeing the Economy 1993 Oxford Univ. Press Oxford
5. Bhagwati J.N. Desai P. India: Planning for Industrialization 1970 Oxford Univ. Press Oxford
6. Bhagwati J.N. Srinivasan T.N. Foreign Trade Regimes and Economic Development: India 1975 Columbia Univ. Press New York (NBER)
7. Bhoothalingam S. Reflections on an Era: Memoirs of an Indian Civil Servant 1993 Affiliated East-West Press Madras
8. Boeker W.P. Organizational origins: entrepreneurial and environmental imprinting at the time of founding In: Carroll G.R. (Ed.), Ecological Models of Organizations 1988 Ballinger Publishing Cambridge, MA
9. Boyce J.K. Agrarian Impasse in Bengal: Institutional Constraints to Technological Change 1987 Oxford Univ. Press New York
10. Cabral L. Sunk costs, firm size and firm growth J. Ind. Econ. 43. June 1995 161-172
11. Chesher A. Testing the law of proportionate effects J. Ind. Econ. 27 1979 403-411
12. Chhibber P.K. Majumdar S.K. State as investor and state as owner: consequences for firm performance in India Econ. Dev. Cult. Change 46 3 1998 561-580
13. Chhibber P.K. Majumdar S.K. Foreign ownership and profitability: property rights, control and the performance of firms in Indian industry J. Law Econ. 52 1 April 1999 209-238
14. DiMaggio P.W. Powell W.W. The iron cage revisited: institutional isomorphism and collective rationality in organizational fields Am. Sociol. Rev. 48 1983 147-160
15. Dunne P. Hughes A. Age, size, growth and survival: UK companies in the 1980s J. Ind. Econ. 42 1994 115-140
16. Evans D.S. Tests of alternative theories of firm growth J. Polit. Econ. 95 1987 657-674
17. Garber S. Poirier D.J. The determinants of aerospace profit rates South. Econ. J. 41 1974 228-238
18. Geroski P.A. Specification and testing the profits-concentration relationship: some experiments for the UK Economica 48 1981 279-288
19. Geroski P.A. Machin S.J. Walters C.F. Corporate growth and profitability J. Ind. Econ. 45 1997 171-189
20. Gibrat R. Les Inegalites Economiques 1931 Librairie du Recueil Sirey Paris
21. Government of India, 1951. Industries (Development and Regulation) Act. New Delhi.
22. Government of India, 1956. Second Five-Year Plan. New Delhi.
23. Government of India, 1964. Report of the Industries Development Procedures Committee (Mr. T. Swaminathan, ICS, Chairman). New Delhi.
24. Government of India, 1965. Report of the Monopolies Inquiry Commission (Justice K.C. Dasgupta, ICS, Chairman). New Delhi.
25. Government of India, 1967. Final Report on Industrial Planning and Licensing Policy (Dr. R.K. Hazari, Chairman). New Delhi.
26. Government of India, 1969. Report of the Industrial Licensing Policy Inquiry Committee (Mr. S. Dutt, ICS, Chairman). New Delhi.
27. Government of India, 1978. Report of the Committee on Imports-Exports Policies and Procedures (Dr. P.C. Alexander, IAS, Chairman). New Delhi.
28. Government of India, 1985. Seventh Five-Year Plan. New Delhi.
29. Greene W.H. Econometric Analysis 1990 Macmillan New York
30. Guha A. Introduction In: Guha A. (Ed.), Economic Liberalization, Industrial Structure and Growth in India 1990 Oxford Univ. Press New Delhi
31. Hall B. The relationship between firm size and firm growth in the US manufacturing sector J. Ind. Econ. 35 1987 583-606
32. Hart P. The size and growth of firms Economica 29 1962 29-39
33. Hart P. Prais S.J. The analysis of business concentration: a statistical approach J. R. Stat. Soc., A 119 1956 150-181
34. Hymer S. Pashigian P. Firm size and rate of growth J. Polit. Econ. 70 1962 556-569
35. Ijiri Y. Simon H.A. Business firm growth and size Am. Econ. Rev. 54 1964 77-89
36. Jalan B. India's Economic Crisis: The Way Ahead 1991 Oxford Univ. Press New Delhi
37. Johnston J. Econometric Methods 1984 McGraw-Hill New York
38. Jovanovic B. Selection and evolution of industry Econometrica 50 1982 649-670
39. Kimberley J.R. Environmental constraints and organizational structure: a comparative analysis of rehabilitation organizations Adm. Sci. Q. 20 1975 1-9
40. Kumar M.S. Growth, acquisition activity and firm size: evidence from the United Kingdom J. Ind. Econ. 33 March 1985 327-338
41. Lucas R.E. On the size distribution of business firms Bell J. Econ. 9, Autumn 1978 508-523
42. Maddala G.S. Econometrics 1977 McGraw-Hill New York
43. Majumdar S.K. Government policies and industrial performance: an institutional analysis of the Indian experience J. Inst. Theoret. Econ. 152 2 1996 380-411
44. Majumdar S.K. The impact of size and age on firm-level performance: some evidence from Indian industry Rev. Ind. Organ. 12 2 1997 231-241
45. Majumdar S.K. Slack in the state-owned enterprise: an evaluation of the impact of soft-budget constraints Int. J. Ind. Organ. 16 3 1998 377-393
46. Mansfield E. Entry, Gibrat's Law, innovation and the growth of firms Am. Econ. Rev. 52 1962 1023-1051
47. Marathe S.S. Regulation and Development: India's Policy Experience of Controls Over Industry 1989 Sage Publications New Delhi
48. Marshall A. Principles of Economics 8th ed. 1920 Macmillan London
49. Meyer M.W. Brown M.C. The process of bureaucratization Am. J. Sociol. 83 1977 340-363
50. Meyer J.W. Rowan B. Institutional organizations: formal structure as myth and ceremony Am. J. Sociol. 83 1977 929-984
51. Mohan R. Aggarwal V. Commands and controls: planning for Indian Industrial Development, 1951-1990 J. Comp. Econ., December 14 1990 681-712
52. Nelson R.R. Winter S.G. An Evolutionary Theory of Economic Change 1982 Harvard Univ. Press Cambridge, MA
53. Paranjape H.K. Indian liberalization: Perestroika or Salami tactics? Econ. Polit. Wkly 1988 2341-2345 (Special number, November)
54. Poirier D.J. The Econometrics of Structural Change 1976 North-Holland Amsterdam
55. Samuels J. The size and growth of firms Rev. Econ. Stud. 32 1965 105-112
56. Samuels J. Chesher A. Growth, survival and the size of companies, 1960-1969 In: Cowling K. (Ed.), Market Structure and Corporate Behaviour 1972 Gray-Mills Publishing London
57. Schwalbach J. Profitability and market share: a reflection on the functional relationship Strateg. Manage. J. 12 1991 299-306
58. Simon H.A. Bonini C.P. The size distribution of business firms Am. Econ. Rev. 48 1958 607-617
59. Singh A. Whittington G. The size and growth of firms Rev. Econ. Stud. 42 1975 15-26
60. Steindl J. Random Processes and the Growth of Firms 1965 Charles Griffin and Company London
61. Stinchcombe A.L. Social structure and organizations In: March J.G. (Ed.), Handbook of Organizations 1965 Rand McNally Chicago
62. Sutton J. Gibrat's legacy J. Econ. Lit. 35 1 1997 40-59