Author : Atushi Ishikawa
Publisher : Springer Nature
ISBN 13 : 9811622973
Total Pages : 146 pages
Book Rating : 4.8/5 (116 download)
Book Synopsis Statistical Properties in Firms’ Large-scale Data by : Atushi Ishikawa
Download or read book Statistical Properties in Firms’ Large-scale Data written by Atushi Ishikawa and published by Springer Nature. This book was released on 2021-06-25 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.