Statistical Properties in Firms' Large-Scale Data

By Atushi Ishikawa

Book Overview

This is the first book to provide a systematic description of statistical properties of large-scale financial data. Specifically, the power-law and log-normal distributions observed at a given time and their changes using time-reversal symmetry, quasi-time-reversal symmetry, Gibrat's law, and the non-Gibrat's property observed in a short-term period are derived here. The statistical properties observed over a long-term period, such as power-law and exponential growth, are also derived. These subjects have not been thoroughly discussed in the field of economics in the past, and this book is a compilation of the author's series of studies by reconstructing the data analyses published in 15 academic journals with new data. This book provides readers with a theoretical and empirical understanding of how the statistical properties observed in firms' large-scale data are related along the time axis. It is possible to expand this discussion to understand theoretically and empirically how the statistical properties observed among differing large-scale financial data are related. This possibility provides readers with an approach to microfoundations, an important issue that has been studied in economics for many years.

• Format: Paperback
• Language: English
• ISBN: 981162299X
• ISBN13: 9789811622991
• Release Date: June 2022
• Publisher: Springer
• Length: 140 Pages
• Weight: 0.51 lbs.
• Dimensions: 0.3" x 6.1" x 9.2"