How to Construct Nationally Representative Firm-Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration

Şebnem Kalemli-Özcan, Bent E. Sørensen, Carolina Villegas-Sanchez, Vadym Volosovych, Sevcan Yeşiltaş

Producció científica: Article en revista indexadaArticleAvaluat per experts

1 Citació (Scopus)

Resum

We construct nationally representative firm-level longitudinal data for European countries using financial statements from the Orbis database. We validate our data by comparing its coverage and firm size distribution to official statistics. We showcase two applications to show the importance of firm representativeness in understanding macroeconomic outcomes. First, we show that small and medium-sized firms account for a large share of aggregate economic activity. Second, we document that firm representativeness is important for calculating industry concentration trends over time as the share of economic activity accounted by top firms in an industry changes with the firm samples used.

Idioma originalAnglès
Pàgines (de-a)353-374
Nombre de pàgines22
RevistaAmerican Economic Journal: Macroeconomics
Volum16
Número2
DOIs
Estat de la publicacióPublicada - 2024

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